Wells Fargo & Company Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

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

Several other research firms have also recently issued reports on HUBS. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus lifted their price objective on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Oppenheimer restated an “outperform” rating and issued a $625.00 target price on shares of HubSpot in a research note on Thursday, September 19th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. Finally, Bank of America decreased their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $666.26.

HubSpot Stock Up 1.9 %

Shares of NYSE:HUBS opened at $656.56 on Thursday. The firm has a market capitalization of $33.89 billion, a PE ratio of -2,431.61, a P/E/G ratio of 8,729.41 and a beta of 1.63. The company has a 50-day moving average price of $535.45 and a two-hundred day moving average price of $546.09. HubSpot has a twelve month low of $413.07 and a twelve month high of $693.85.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) earnings per share.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were 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 of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. 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 valued at $3,194,673 over the last three months. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its position in shares of HubSpot by 5.6% during the first quarter. Private Advisor Group LLC now owns 1,296 shares of the software maker’s stock valued at $812,000 after buying an additional 69 shares during the period. Nordea Investment Management AB grew its holdings in shares of HubSpot by 24.8% during the 1st quarter. Nordea Investment Management AB now owns 3,859 shares of the software maker’s stock worth $2,403,000 after acquiring an additional 768 shares during the period. GSA Capital Partners LLP bought a new position in shares of HubSpot in the 1st quarter worth approximately $835,000. Csenge Advisory Group purchased a new position in shares of HubSpot in the 1st quarter valued at approximately $219,000. Finally, 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 valued at $31,000 after purchasing an additional 45 shares in the last quarter. 90.39% of the stock is 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.