HubSpot (HUBS) Price Target Increased to $110.00 by Analysts at Needham & Company LLC

HubSpot (NYSE:HUBS) had its target price lifted by Needham & Company LLC from $95.00 to $110.00 in a report issued on Wednesday morning. They currently have a buy rating on the software maker’s stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price target on shares of HubSpot from $88.00 to $110.00 and gave the stock a buy rating in a research report on Wednesday. Morgan Stanley boosted their price target on shares of HubSpot from $105.00 to $107.00 and gave the stock an equal weight rating in a research report on Wednesday. Oppenheimer boosted their price target 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. UBS Group reissued an outperform rating and set a $91.00 price target (up from $82.00) on shares of HubSpot in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut shares of HubSpot from a buy rating to a hold rating in a research report on Monday, February 5th. Four 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 presently has an average rating of Buy and an average target price of $93.76.

Shares of HubSpot (NYSE HUBS) opened at $103.15 on Wednesday. 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 52-week low of $55.80 and a 52-week high of $103.95. The company has a market cap of $3,672.25, a PE 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 shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the transaction, the chief executive officer now directly owns 796,119 shares in the company, valued at approximately $70,297,307.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the company’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 transaction, the insider now owns 59,264 shares in the company, valued at approximately $4,835,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $3,134,850 over the last 90 days. 12.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its stake in HubSpot by 17.4% in the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after buying an additional 92,448 shares during the last quarter. American International Group Inc. grew its stake in HubSpot by 8.1% in the 3rd quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock valued at $1,897,000 after buying an additional 1,687 shares during the last quarter. Legal & General Group Plc grew its stake in HubSpot by 13.3% in the 3rd quarter. Legal & General Group Plc now owns 13,969 shares of the software maker’s stock valued at $1,168,000 after buying an additional 1,641 shares during the last quarter. JPMorgan Chase & Co. grew its stake in HubSpot by 29.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock valued at $41,386,000 after buying an additional 113,604 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in 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 valued at $9,898,000 after buying an additional 23,668 shares during the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.

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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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