HubSpot (NYSE:HUBS) had its price objective hoisted by Morgan Stanley from $105.00 to $107.00 in a report issued on Wednesday morning. They currently have an equal weight rating on the software maker’s stock.

Several other research analysts have also commented on the company. Stifel Nicolaus lifted their price target on HubSpot from $88.00 to $110.00 and gave the stock a buy rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on HubSpot from $95.00 to $102.00 and gave the stock an overweight rating in a research report on Monday. Zacks Investment Research downgraded HubSpot from a buy rating to a hold rating in a research report on Monday, February 5th. UBS Group raised their price objective on HubSpot from $84.00 to $103.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, Oppenheimer raised their price objective on HubSpot from $91.00 to $93.00 and gave the stock an outperform rating in a research report on Thursday, November 2nd. Four investment 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 an average rating of Buy and an average target price of $93.76.

HubSpot (NYSE:HUBS) traded down $0.60 during midday trading on Wednesday, hitting $102.55. The stock had a trading volume of 93,762 shares, compared to its average volume of 383,435. HubSpot has a fifty-two week low of $56.50 and a fifty-two week high of $104.00. 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 stock has a market cap of $3,672.25, a price-to-earnings ratio of -95.51 and a beta of 2.24.

In other news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was 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 directly owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Hunter Madeley sold 7,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was 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. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $3,134,850. 12.10% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in HUBS. Jennison Associates LLC grew its position in shares of HubSpot by 135.8% during the fourth quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock worth $112,541,000 after buying an additional 733,246 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of HubSpot by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock worth $211,779,000 after buying an additional 229,182 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of HubSpot by 74.6% during the second quarter. Lord Abbett & CO. LLC now owns 474,251 shares of the software maker’s stock worth $31,182,000 after buying an additional 202,640 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of HubSpot during the fourth quarter worth about $15,095,000. Finally, CI Global Investments Inc. grew its position in shares of HubSpot by 344.7% during the third quarter. CI Global Investments Inc. now owns 200,100 shares of the software maker’s stock worth $16,818,000 after buying an additional 155,100 shares in the last quarter. 94.58% 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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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