HubSpot Inc (NYSE:HUBS) has earned a consensus recommendation of “Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $90.73.
A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of HubSpot from $105.00 to $107.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group lifted their price objective on shares of HubSpot from $103.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Needham & Company LLC lifted their price objective on shares of HubSpot from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday.
In related news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $81.60, for a total transaction of $81,600.00. Following the completion of the sale, the insider now owns 59,264 shares of the company’s stock, valued at approximately $4,835,942.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction dated 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 of the company’s stock, valued at approximately $70,297,307.70. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $3,134,850 in the last ninety days. 12.10% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in HUBS. Ameritas Investment Partners Inc. boosted its holdings in shares of HubSpot by 18.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after buying an additional 462 shares during the period. ETRADE Capital Management LLC acquired a new stake in HubSpot in the 3rd quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in HubSpot by 35.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after purchasing an additional 606 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in HubSpot in the 4th quarter worth about $216,000. Finally, 361 Capital LLC acquired a new stake in HubSpot in the 3rd quarter worth about $222,000. 94.58% of the stock is owned by institutional investors and hedge funds.
HubSpot (NYSE HUBS) traded up $6.15 during trading on Friday, reaching $103.15. 1,177,235 shares of the company were exchanged, compared to its average volume of 395,004. The company has a market capitalization of $3,613.83, a P/E ratio of -88.92 and a beta of 2.24. HubSpot has a 1-year low of $55.80 and a 1-year high of $103.95. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41.
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HubSpot Company Profile
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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