HubSpot, Inc. (NYSE:HUBS) had its price objective lifted by equities researchers at Needham & Company LLC to $95.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 9.76% from the stock’s current price.

HUBS has been the topic of several other research reports. UBS AG reissued a “buy” rating and issued a $84.00 price target (up previously from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. Canaccord Genuity boosted their price target on shares of HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 price target on shares of HubSpot and gave the company a “buy” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Bank of America Corporation boosted their price target on shares of HubSpot from $88.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $82.67.

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

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In other HubSpot news, insider Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the insider now owns 1,716,316 shares of the company’s stock, valued at approximately $126,320,857.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $84.35, for a total transaction of $84,350.00. 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 in the last ninety days. 12.10% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in HUBS. Solaris Asset Management LLC boosted its stake in shares of HubSpot by 1.9% in the 3rd quarter. Solaris Asset Management LLC now owns 2,879 shares of the software maker’s stock valued at $166,000 after purchasing an additional 54 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of HubSpot by 1.1% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 11,941 shares of the software maker’s stock valued at $561,000 after purchasing an additional 130 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of HubSpot by 4.7% in the 2nd quarter. Stifel Financial Corp now owns 6,320 shares of the software maker’s stock valued at $418,000 after purchasing an additional 285 shares in the last quarter. Strs Ohio boosted its stake in shares of HubSpot by 1.7% in the 2nd quarter. Strs Ohio now owns 18,200 shares of the software maker’s stock valued at $1,196,000 after purchasing an additional 300 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after purchasing an additional 462 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

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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