HubSpot (NYSE:HUBS) Given New $700.00 Price Target at Wells Fargo & Company

HubSpot (NYSE:HUBS) had its price target trimmed by Wells Fargo & Company from $940.00 to $700.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

A number of other research firms also recently weighed in on HUBS. BMO Capital Markets lifted their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Piper Sandler lifted their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group cut their price objective on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $789.11.

HubSpot Price Performance

HUBS opened at $600.77 on Tuesday. The company has a market capitalization of $31.33 billion, a PE ratio of 6,675.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The business has a fifty day simple moving average of $607.88 and a 200 day simple moving average of $660.06. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last released 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 net margin of 0.17% and a negative return on equity of 0.07%. Equities analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the transaction, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock valued at $17,993,757 over the last quarter. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently made changes to their positions in the stock. Elequin Capital LP acquired a new position in HubSpot during the 4th quarter worth approximately $27,000. Larson Financial Group LLC increased its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at $25,000. 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.