Guggenheim Believes HubSpot (NYSE: HUBS) Won’t Stop Here

By Ryan Adsit

Guggenheim analyst Kenneth Wong maintained a Buy rating on HubSpot (HUBSResearch Report) on October 12. The company’s shares closed last Wednesday at $786.25, close to its 52-week high of $814.90.

According to, Wong is a 5-star analyst with an average return of 23.7% and a 64.0% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Altair Engineering, and Progress Software.

Currently, the analyst consensus on HubSpot is a Strong Buy with an average price target of $823.53, which is a 7.5% upside from current levels. In a report issued on October 11, Wells Fargo also maintained a Buy rating on the stock with a $750.00 price target.

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HubSpot’s market cap is currently $36.96B and has a P/E ratio of -409.90. The company has a Price to Book ratio of 50.01.

Based on the recent corporate insider activity of 67 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, John Kelleher, the General Counsel of HUBS bought 1,116 shares for a total of $6,428.

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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.