Wells Fargo & Company Lowers HubSpot (NYSE:HUBS) Price Target to $700.00

HubSpot (NYSE:HUBS - Get Free Report) had its price objective decreased by investment analysts at Wells Fargo & Company from $940.00 to $700.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the software maker's stock. Wells Fargo & Company's price target would indicate a potential upside of 34.95% from the company's current price.

A number of other equities research analysts have also issued reports on the company. UBS Group raised HubSpot from a "neutral" rating to a "buy" rating and dropped their target price for the company from $775.00 to $675.00 in a research report on Tuesday, April 15th. Raymond James raised their price objective on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. The Goldman Sachs Group upped their price objective on HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Canaccord Genuity Group increased their price target on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley dropped their target price on shares of HubSpot from $898.00 to $659.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $804.78.

HubSpot Trading Down 3.9 %

Shares of NYSE:HUBS opened at $518.70 on Tuesday. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a fifty day moving average price of $622.56 and a 200 day moving average price of $660.98. The stock has a market capitalization of $27.05 billion, a PE ratio of 5,763.97, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated 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 owns 525,687 shares in the company, valued at $283,135,018.20. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,882 shares of company stock valued at $17,993,757 over the last quarter. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

Several institutional investors and hedge funds have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the 3rd quarter worth $25,000. Elequin Capital LP bought a new position in shares of HubSpot during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC lifted its position in HubSpot by 168.8% in 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after acquiring an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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.

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