HubSpot (NYSE:HUBS) had its price target raised by investment analysts at JPMorgan Chase & Co. from $95.00 to $102.00 in a research report issued on Monday. The brokerage currently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 12.03% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Oppenheimer raised their price objective 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. Morgan Stanley reissued an “equal weight” rating and issued a $96.00 price target (down previously from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. UBS Group reissued an “outperform” rating and issued a $91.00 price target (up previously from $82.00) on shares of HubSpot in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Needham & Company LLC lifted their price target on shares of HubSpot to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Three 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. The company has a consensus rating of “Buy” and a consensus target price of $87.24.

Shares of HubSpot (HUBS) opened at $91.05 on Monday. The company has a market cap of $3,402.68, a P/E ratio of -78.49 and a beta of 2.24. HubSpot has a 52-week low of $55.80 and a 52-week high of $102.30. 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 news, CEO Brian Halligan sold 25,000 shares of the company’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 sale, the chief executive officer now directly owns 796,119 shares in the company, valued at $70,297,307.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Julia Herendeen sold 1,000 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $89.15, for a total value of $89,150.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock worth $3,134,850. Company insiders own 12.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. grew its holdings in shares of HubSpot by 28.9% during the second quarter. UBS Asset Management Americas Inc. now owns 16,573 shares of the software maker’s stock worth $1,090,000 after purchasing an additional 3,711 shares in the last quarter. Northern Trust Corp grew its holdings in shares of HubSpot by 21.2% during the second quarter. Northern Trust Corp now owns 440,178 shares of the software maker’s stock worth $28,942,000 after purchasing an additional 76,872 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of HubSpot by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock worth $172,718,000 after purchasing an additional 97,869 shares in the last quarter. Ark Investment Management LLC grew its holdings in shares of HubSpot by 90.0% during the second quarter. Ark Investment Management LLC now owns 18,694 shares of the software maker’s stock worth $1,229,000 after purchasing an additional 8,855 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of HubSpot by 33.0% during the second quarter. Voya Investment Management LLC now owns 15,360 shares of the software maker’s stock worth $1,010,000 after purchasing an additional 3,814 shares in the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

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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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