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

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

Several other research firms also recently issued reports on HUBS. Bank of America upped their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and increased their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Jefferies Financial Group boosted their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Piper Sandler raised their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $819.83.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $52.61 during trading hours on Thursday, hitting $838.11. The stock had a trading volume of 466,620 shares, compared to its average volume of 458,870. The company has a market capitalization of $43.26 billion, a P/E ratio of -3,098.32, a P/E/G ratio of 43.94 and a beta of 1.72. The firm’s 50-day moving average price is $732.48 and its two-hundred day moving average price is $617.71. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly 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 return on equity of 1.16% and a negative net margin of 0.56%. As a group, analysts expect that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity

In other news, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot in the third quarter valued at approximately $25,000. Larson Financial Group LLC increased its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its stake in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in shares of HubSpot during the fourth quarter worth $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.