HubSpot (NYSE:HUBS) had its price objective upped by research analysts at Needham & Company LLC from $95.00 to $110.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 13.40% from the company’s current price.

HUBS has been the topic of a number of other reports. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Tuesday, January 2nd. Oppenheimer increased their price target on shares of HubSpot from $91.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group reiterated a “buy” rating and set a $93.00 price target on shares of HubSpot in a research report on Thursday, November 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $96.00 price target (down from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. 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 to the stock. HubSpot has a consensus rating of “Buy” and an average target price of $90.82.

HubSpot (NYSE:HUBS) opened at $97.00 on Wednesday. HubSpot has a 52-week low of $55.80 and a 52-week high of $102.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. The company has a market cap of $3,613.83, a P/E ratio of -83.62 and a beta of 2.24.

In related news, 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 owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 7,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $95.35, for a total value of $667,450.00. The disclosure for this sale can be found here. Insiders sold 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.

A number of institutional investors have recently made changes to their positions in HUBS. Ameritas Investment Partners Inc. lifted its position in HubSpot by 18.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after buying an additional 462 shares during the period. ETRADE Capital Management LLC purchased a new position in HubSpot during the third quarter valued at $203,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in HubSpot by 35.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock valued at $206,000 after buying an additional 606 shares during the period. Raymond James Trust N.A. purchased a new position in HubSpot during the fourth quarter valued at $216,000. Finally, 361 Capital LLC purchased a new position in HubSpot during the third quarter valued at $222,000. 94.58% of the stock is owned by institutional investors and hedge funds.

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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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