HubSpot (HUBS) Sets New 12-Month High at $108.98

HubSpot Inc (NYSE:HUBS) shares reached a new 52-week high on Tuesday . The stock traded as high as $108.98 and last traded at $109.05, with a volume of 338164 shares traded. The stock had previously closed at $105.75.

HUBS has been the subject of several recent research reports. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Canaccord Genuity increased their price target on HubSpot from $8,398.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Morgan Stanley increased their price target on HubSpot from $93.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC increased their price target on HubSpot to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, UBS Group reissued a “buy” rating and set a $93.00 price target on shares of HubSpot in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $93.76.

The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.42. The firm has a market cap of $4,110.00, a P/E ratio of 458.75 and a beta of 2.24.

In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $81.60, for a total value of $81,600.00. Following the sale, the insider now owns 59,264 shares in the company, valued at $4,835,942.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction that occurred on 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 owns 796,119 shares in the company, valued at approximately $70,297,307.70. The disclosure for this sale can be found here. Insiders sold 57,000 shares of company stock worth $5,392,060 in the last 90 days. Corporate insiders own 12.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in HubSpot by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock valued at $211,779,000 after buying an additional 229,182 shares during the period. BlackRock Inc. raised its stake in HubSpot by 3.2% in the fourth quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock valued at $203,569,000 after buying an additional 71,538 shares during the period. Jennison Associates LLC raised its stake in HubSpot by 135.8% in the fourth quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock valued at $112,541,000 after buying an additional 733,246 shares during the period. Alliancebernstein L.P. raised its stake in HubSpot by 9.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock valued at $109,053,000 after buying an additional 101,364 shares during the period. Finally, First Trust Advisors LP raised its stake in HubSpot by 7.8% in the fourth quarter. First Trust Advisors LP now owns 961,683 shares of the software maker’s stock valued at $85,013,000 after buying an additional 69,612 shares during the period. Hedge funds and other institutional investors own 96.60% 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.

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