HubSpot Inc (NYSE:HUBS) shares reached a new 52-week high on Thursday . The company traded as high as $96.40 and last traded at $94.20, with a volume of 265000 shares changing hands. The stock had previously closed at $93.25.

A number of research firms have recently weighed in on HUBS. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Tuesday, January 2nd. UBS Group lifted their price target on HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Oppenheimer lifted their price target on HubSpot from $91.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Morgan Stanley lifted their price target on HubSpot from $93.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Canaccord Genuity lifted their price target on HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $85.06.

The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3,570.00, a price-to-earnings ratio of -81.21 and a beta of 2.30.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.15. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The business had revenue of $97.73 million during the quarter, compared to the consensus estimate of $96.50 million. During the same period last year, the business posted ($0.05) earnings per share. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. sell-side analysts forecast that HubSpot Inc will post -0.99 earnings per share for the current fiscal year.

In other HubSpot news, Director Julia Herendeen sold 1,000 shares of the firm’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $89.15, for a total value of $89,150.00. Following the completion of the sale, the director now directly owns 5,540 shares of the company’s stock, valued at $493,891. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $88.30, for a total value of $2,207,500.00. Following the completion of the sale, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The disclosure for this sale can be found here. Insiders sold 68,000 shares of company stock valued at $5,843,480 over the last three months. Company insiders own 12.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HUBS. FMR LLC grew its position in shares of HubSpot by 1.1% in the second quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after purchasing an additional 59,473 shares in the last quarter. Vanguard Group Inc. grew its position in shares of HubSpot by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after purchasing an additional 97,869 shares in the last quarter. First Trust Advisors LP grew its position in shares of HubSpot by 3.5% in the third quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock valued at $74,979,000 after purchasing an additional 30,290 shares in the last quarter. State Street Corp grew its position in shares of HubSpot by 17.4% in the second quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after purchasing an additional 92,448 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of HubSpot by 27.6% in the third quarter. Jennison Associates LLC now owns 539,838 shares of the software maker’s stock valued at $45,373,000 after purchasing an additional 116,861 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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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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