HubSpot (NYSE:HUBS) had its price objective upped by analysts at Stifel Nicolaus from $88.00 to $110.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 13.40% from the company’s previous close.

A number of other brokerages also recently commented on HUBS. Morgan Stanley restated an “equal weight” rating and set a $96.00 price objective (down previously from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer upped their price objective on shares of HubSpot from $91.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Canaccord Genuity upped their price objective on shares of 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 given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.29.

HubSpot (HUBS) opened at $97.00 on Wednesday. The company has a market cap of $3,613.83, a price-to-earnings ratio of -83.62 and a beta of 2.24. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. HubSpot has a 12-month low of $55.80 and a 12-month high of $102.30.

In other news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $81.60, for a total value of $81,600.00. Following the completion of the transaction, the insider now owns 59,264 shares in the company, valued at approximately $4,835,942.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the completion of the transaction, the chief executive officer now 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 sold a total of 35,000 shares of company stock valued at $3,134,850 in the last quarter. Insiders own 12.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Ameritas Investment Partners Inc. grew its stake in HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after acquiring an additional 462 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in HubSpot in the 3rd quarter valued at about $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $206,000 after acquiring an additional 606 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in HubSpot in the 4th quarter valued at about $216,000. Finally, 361 Capital LLC acquired a new stake in HubSpot in the 3rd quarter valued at about $222,000. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

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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 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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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