HubSpot Inc (NYSE:HUBS)’s share price was up 6.2% on Monday after JPMorgan Chase & Co. raised their price target on the stock from $95.00 to $102.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. HubSpot traded as high as $98.15 and last traded at $96.70. Approximately 745,601 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 356,662 shares. The stock had previously closed at $91.05.
Several other equities analysts have also commented on HUBS. Morgan Stanley boosted their price target on HubSpot from $90.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Oppenheimer set a $91.00 price target on HubSpot and gave the stock a “buy” rating in a research report on Wednesday, October 25th. UBS Group reissued an “outperform” rating and set a $91.00 price target (up from $82.00) on shares of HubSpot in a research report on Thursday, October 26th. Needham & Company LLC boosted their price target on HubSpot to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Canaccord Genuity boosted their price target on HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $87.24.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the sale, the chief executive officer now directly owns 796,119 shares in the company, valued at approximately $70,297,307.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $81.60, for a total value of $81,600.00. Following the sale, the insider now owns 59,264 shares in the company, valued at $4,835,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $3,134,850 over the last 90 days. 12.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. ARK Investment Management LLC increased its holdings in shares of HubSpot by 101.4% in the 4th quarter. ARK Investment Management LLC now owns 56,462 shares of the software maker’s stock valued at $4,991,000 after acquiring an additional 28,425 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of HubSpot in the 4th quarter valued at approximately $766,000. Virtu Financial LLC increased its holdings in shares of HubSpot by 98.1% in the 4th quarter. Virtu Financial LLC now owns 5,554 shares of the software maker’s stock valued at $491,000 after acquiring an additional 2,751 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of HubSpot by 10.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 19,427 shares of the software maker’s stock valued at $1,717,000 after acquiring an additional 1,878 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of HubSpot by 3.2% in the 4th quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock valued at $203,569,000 after acquiring an additional 71,538 shares during the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.
The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. The stock has a market capitalization of $3,610.00, a price-to-earnings ratio of -83.36 and a beta of 2.24.
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HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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