HubSpot (HUBS) Given New $102.00 Price Target at JPMorgan Chase & Co.

HubSpot (NYSE:HUBS) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $95.00 to $102.00 in a research note issued on Monday. The brokerage presently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 8.86% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, January 2nd. Morgan Stanley raised their target price on HubSpot from $90.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, October 23rd. UBS Group raised their target price on HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Needham & Company LLC raised their target price on HubSpot to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, Oppenheimer set a $91.00 target price on HubSpot and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. HubSpot has a consensus rating of “Buy” and an average target price of $87.24.

Shares of HubSpot (NYSE:HUBS) traded up $2.65 during mid-day trading on Monday, reaching $93.70. The company’s stock had a trading volume of 31,872 shares, compared to its average volume of 331,456. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3,400.00, a price-to-earnings ratio of -78.49 and a beta of 2.24. HubSpot has a 12 month low of $55.80 and a 12 month high of $102.30.

In related news, CEO Brian Halligan sold 25,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at approximately $70,297,307.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction dated 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 directly owns 59,264 shares of the company’s stock, valued at $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 valued at $3,134,850 over the last three months. Corporate insiders own 12.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. State Street Corp grew its position in HubSpot by 17.4% in the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after acquiring an additional 92,448 shares in the last quarter. American International Group Inc. grew its position in HubSpot by 8.1% in the 3rd quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock valued at $1,897,000 after acquiring an additional 1,687 shares in the last quarter. Legal & General Group Plc grew its position in HubSpot by 13.3% in the 3rd quarter. Legal & General Group Plc now owns 13,969 shares of the software maker’s stock valued at $1,168,000 after acquiring an additional 1,641 shares in the last quarter. JPMorgan Chase & Co. grew its position in HubSpot by 29.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock valued at $41,386,000 after acquiring an additional 113,604 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in HubSpot by 25.2% in the 3rd quarter. New York State Common Retirement Fund now owns 117,761 shares of the software maker’s stock valued at $9,898,000 after acquiring an additional 23,668 shares in the last quarter. 94.58% of the stock is owned by hedge funds and other institutional investors.

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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.

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