Wells Fargo analyst Michael Turrin maintained a Buy rating on HubSpot (HUBS – Research Report) today and set a price target of $725.00. The company’s shares closed yesterday at $606.96.
According to TipRanks, Turrin is an analyst with an average return of -1.8% and a 53.46% success rate. Turrin covers the Technology sector, focusing on stocks such as Microsoft, HubSpot, and DocuSign.
In addition to Wells Fargo, HubSpot also received a Buy from Argus Research’s Joseph Bonner in a report issued on February 20. However, on February 15, UBS maintained a Hold rating on HubSpot (NYSE: HUBS).
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Based on HubSpot’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $581.92 million and a GAAP net loss of $13.6 million. In comparison, last year the company earned a revenue of $469.66 million and had a GAAP net loss of $15.64 million
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUBS in relation to earlier this year. Last month, Dharmesh Shah, the CTO of HUBS bought 5,000.00 shares for a total of $80,700.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
HubSpot (HUBS) Company Description:
HubSpot, Inc. provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded by Brian Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.
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