HubSpot (NYSE:HUBS) Price Target Raised to $750.00 at Wells Fargo & Company

HubSpot (NYSE:HUBS) had its price target increased by Wells Fargo & Company from $625.00 to $750.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

A number of other research analysts also recently weighed in on HUBS. UBS Group increased their target price on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday. Bank of America decreased their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus raised their price target on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Oppenheimer restated an “outperform” rating and set a $625.00 price target on shares of HubSpot in a report on Thursday, September 19th. Finally, Evercore ISI raised their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $660.96.

HubSpot Stock Up 1.9 %

Shares of NYSE HUBS traded up $12.07 during trading on Thursday, reaching $656.68. The company had a trading volume of 946,983 shares, compared to its average volume of 593,695. HubSpot has a 12-month low of $413.07 and a 12-month high of $693.85. The stock has a market cap of $33.72 billion, a PE ratio of -1,199.76, a P/E/G ratio of 7,506.16 and a beta of 1.63. The business’s 50-day moving average is $529.41 and its 200 day moving average is $545.99.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same period last year, the firm posted ($1.17) earnings per share. HubSpot’s revenue was up 20.4% compared to the same quarter last year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,937 shares of company stock worth $3,194,673 in the last ninety days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its position in shares of HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares during the period. International Assets Investment Management LLC acquired a new stake in HubSpot in the second quarter valued at $35,000. HM Payson & Co. increased its position in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC increased its position in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after purchasing an additional 76 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.