HubSpot, Inc. (NYSE:HUBS) had its price objective increased by investment analysts at Morgan Stanley from $93.00 to $96.00 in a research note issued on Thursday. The firm currently has an “overweight” rating on the software maker’s stock.

A number of other research firms have also commented on HUBS. UBS AG reaffirmed an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of HubSpot in a research report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of HubSpot in a research report on Tuesday, September 19th. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Canaccord Genuity raised their price target on shares of HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Oppenheimer Holdings, Inc. set a $80.00 price target on shares of HubSpot and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.78.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.15. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The business had revenue of $97.73 million for the quarter, compared to analyst estimates of $96.50 million. During the same period last year, the firm earned ($0.05) earnings per share. HubSpot’s revenue for the quarter was up 38.4% compared to the same quarter last year.

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In related news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total transaction of $72,800.00. Following the sale, the insider now directly owns 66,887 shares of the company’s stock, valued at approximately $4,869,373.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dharmesh Shah sold 20,000 shares of HubSpot stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the insider now directly owns 1,716,316 shares in the company, valued at $126,320,857.60. The disclosure for this sale can be found here. Insiders have sold a total of 47,000 shares of company stock worth $3,425,100 over the last ninety days. 12.10% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC acquired a new stake in HubSpot during the 2nd quarter worth approximately $877,000. CI Global Investments Inc. acquired a new stake in HubSpot during the 2nd quarter worth approximately $2,959,000. Royce & Associates LP boosted its position in HubSpot by 20.5% during the 2nd quarter. Royce & Associates LP now owns 53,000 shares of the software maker’s stock worth $3,485,000 after buying an additional 9,000 shares during the period. Prudential Financial Inc. acquired a new stake in HubSpot during the 1st quarter worth approximately $259,000. Finally, Marshall Wace North America L.P. acquired a new stake in HubSpot during the 2nd quarter worth approximately $1,936,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

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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