HubSpot (HUBS) Hits New 12-Month High at $108.98

HubSpot Inc (NYSE:HUBS) reached a new 52-week high on Tuesday . The company traded as high as $108.98 and last traded at $109.05, with a volume of 338164 shares. The stock had previously closed at $105.75.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Tuesday, January 2nd. UBS Group upped their price objective on HubSpot from $84.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Morgan Stanley upped their price objective on HubSpot from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC upped their price objective on HubSpot to $95.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Oppenheimer set a $91.00 price objective on HubSpot and gave the company a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $93.76.

The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.38 and a current ratio of 3.38. The company has a market capitalization of $4,110.00, a P/E ratio of 458.75 and a beta of 2.24.

In other HubSpot news, insider Dharmesh Shah sold 21,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $102.56, for a total value of $2,153,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julia Herendeen sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,000 shares of company stock valued at $5,392,060. Insiders own 12.10% of the company’s stock.

A number of large investors have recently bought and sold shares of HUBS. Jennison Associates LLC grew its stake in HubSpot by 135.8% in the fourth quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock valued at $112,541,000 after acquiring an additional 733,246 shares during the period. Bank of New York Mellon Corp grew its stake in HubSpot by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock valued at $211,779,000 after acquiring an additional 229,182 shares during the period. Victory Capital Management Inc. acquired a new position in HubSpot in the fourth quarter valued at about $15,095,000. CI Global Investments Inc. grew its stake in HubSpot by 344.7% in the third quarter. CI Global Investments Inc. now owns 200,100 shares of the software maker’s stock valued at $16,818,000 after acquiring an additional 155,100 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in HubSpot by 29.0% in the third quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock valued at $41,386,000 after acquiring an additional 113,604 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

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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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