HubSpot (HUBS) PT Raised to $112.00

HubSpot (NYSE:HUBS) had its target price lifted by SunTrust Banks to $112.00 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. Needham & Company LLC boosted their price target on shares of HubSpot from $95.00 to $110.00 and gave the stock a buy rating in a research report on Wednesday. Canaccord Genuity boosted their price target on shares of HubSpot from $98.00 to $115.00 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. Finally, UBS Group boosted their price target on shares of HubSpot from $103.00 to $105.00 and gave the stock an outperform rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target 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 related news, CEO Brian Halligan sold 25,000 shares of the company’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 transaction, the chief executive officer now owns 796,119 shares in the company, valued at approximately $70,297,307.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in HubSpot by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after buying an additional 97,869 shares during the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 10.6% in the 4th 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 last quarter. BlackRock Inc. grew its stake in HubSpot by 3.2% in the 4th 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 last quarter. Jennison Associates LLC grew its stake in HubSpot by 135.8% in the 4th 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 last quarter. Finally, Alliancebernstein L.P. grew its stake in HubSpot by 9.0% in the 4th 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 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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