HubSpot (NYSE:HUBS) Price Target Raised to $940.00 at Wells Fargo & Company

HubSpot (NYSE:HUBS) had its price target raised by equities research analysts at Wells Fargo & Company from $835.00 to $940.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price target points to a potential upside of 12.16% from the company’s previous close.

Several other brokerages have also issued reports on HUBS. Jefferies Financial Group raised their target price on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. UBS Group upped their target price on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley increased their target price on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Piper Sandler raised their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $819.83.

HubSpot Stock Up 6.7 %

HUBS stock traded up $52.61 during trading on Thursday, hitting $838.11. The company had a trading volume of 466,620 shares, compared to its average volume of 458,870. The firm has a 50-day moving average price of $732.48 and a 200-day moving average price of $617.71. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market cap of $43.26 billion, a price-to-earnings ratio of -3,098.32, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. Equities analysts expect that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock valued at $51,432,627 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after buying an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after acquiring an additional 13 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank boosted its position in HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after purchasing an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its position in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

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.