Shares of HubSpot Inc (NYSE:HUBS) have earned a consensus rating of “Buy” from the twenty brokerages that are covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $63.36.

A number of brokerages have issued reports on HUBS. Raymond James Financial, Inc. upgraded HubSpot from an “outperform” rating to a “strong-buy” rating in a research note on Monday, December 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $64.00 price target (up previously from $62.00) on shares of HubSpot in a research note on Thursday, February 16th. Oppenheimer Holdings Inc. set a $70.00 price target on HubSpot and gave the stock a “buy” rating in a research note on Tuesday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 price target on shares of HubSpot in a research note on Tuesday, December 20th. Finally, Piper Jaffray Companies set a $65.00 price target on HubSpot and gave the stock a “buy” rating in a research note on Tuesday, December 20th.

In related news, insider Hunter Madeley sold 13,000 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $47.07, for a total value of $611,910.00. Following the completion of the transaction, the insider now owns 95,100 shares of the company’s stock, valued at approximately $4,476,357. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dharmesh Shah sold 17,600 shares of the stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $62.02, for a total transaction of $1,091,552.00. Following the completion of the transaction, the insider now directly owns 1,724,621 shares of the company’s stock, valued at approximately $106,960,994.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,928 shares of company stock valued at $5,443,318. 18.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hamilton Lane Advisors LLC increased its position in shares of HubSpot by 40.1% in the third quarter. Hamilton Lane Advisors LLC now owns 140,068 shares of the company’s stock worth $8,071,000 after buying an additional 40,072 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of HubSpot by 40.4% in the third quarter. BlackRock Advisors LLC now owns 15,509 shares of the company’s stock worth $894,000 after buying an additional 4,463 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of HubSpot by 225.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 275,072 shares of the company’s stock worth $12,929,000 after buying an additional 190,675 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of HubSpot by 177.2% in the third quarter. Bank of New York Mellon Corp now owns 808,777 shares of the company’s stock worth $46,601,000 after buying an additional 516,973 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of HubSpot by 28.4% in the fourth quarter. Franklin Resources Inc. now owns 907,885 shares of the company’s stock worth $42,671,000 after buying an additional 200,592 shares during the last quarter. 85.89% of the stock is owned by hedge funds and other institutional investors.

Shares of HubSpot (NYSE:HUBS) opened at 64.30 on Thursday. The company’s market cap is $2.33 billion. HubSpot has a 1-year low of $39.01 and a 1-year high of $66.10. The stock has a 50 day moving average price of $58.31 and a 200-day moving average price of $54.60.

HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, February 14th. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.07. HubSpot had a negative return on equity of 34.53% and a negative net margin of 16.95%. The company had revenue of $76.40 million for the quarter, compared to analysts’ expectations of $74.26 million. During the same period last year, the firm earned ($0.12) EPS. HubSpot’s revenue for the quarter was up 43.9% compared to the same quarter last year. Equities research analysts forecast that HubSpot will post ($0.25) earnings per share for the current year.

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About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.

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