HubSpot (NYSE:HUBS) had its price target raised by JPMorgan Chase & Co. from $95.00 to $102.00 in a report issued on Monday. The firm currently has an overweight rating on the software maker’s stock.

HUBS has been the topic of several 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 report on Tuesday, January 2nd. Oppenheimer upped their price target on shares of HubSpot from $91.00 to $93.00 and gave the company an outperform rating in a report on Thursday, November 2nd. Needham & Company LLC upped their price target on shares of HubSpot to $95.00 and gave the company a buy rating in a report on Thursday, November 2nd. UBS Group reiterated a buy rating and set a $93.00 price target on shares of HubSpot in a 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 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 assigned a buy rating and one has issued a strong buy rating to the stock. HubSpot presently has a consensus rating of Buy and an average target price of $93.76.

HubSpot (NYSE:HUBS) opened at $103.15 on Monday. The company has a market cap of $3,850.00, a PE ratio of -88.92 and a beta of 2.24. HubSpot has a fifty-two week low of $55.80 and a fifty-two week high of $103.95. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41.

In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were 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 approximately $70,297,307.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $81.60, for a total transaction of $81,600.00. Following the completion of the sale, the insider now directly owns 59,264 shares of the company’s stock, valued at $4,835,942.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,000 shares of company stock valued at $3,134,850. 12.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of HubSpot by 17.4% in the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock worth $40,930,000 after purchasing an additional 92,448 shares during the period. Legal & General Group Plc lifted its position in shares of HubSpot by 13.3% in the 3rd quarter. Legal & General Group Plc now owns 13,969 shares of the software maker’s stock worth $1,168,000 after purchasing an additional 1,641 shares during the period. American International Group Inc. lifted its position in shares of HubSpot by 8.1% in the 3rd quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock worth $1,897,000 after purchasing an additional 1,687 shares during the period. JPMorgan Chase & Co. lifted its position in shares of HubSpot by 29.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock worth $41,386,000 after purchasing an additional 113,604 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of HubSpot by 25.2% in the 3rd quarter. New York State Common Retirement Fund now owns 117,761 shares of the software maker’s stock worth $9,898,000 after purchasing an additional 23,668 shares during the period. 94.58% of the stock is owned by 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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