HubSpot (HUBS) Given New $112.00 Price Target at SunTrust Banks

HubSpot (NYSE:HUBS) had its target price increased by equities research analysts at SunTrust Banks to $112.00 in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the software maker’s stock. SunTrust Banks’ target price would suggest a potential upside of 8.58% from the company’s current price.

Several other analysts have also recently commented on the stock. Canaccord Genuity lifted their target price on shares of HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group lifted their target price on shares of HubSpot from $103.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday. Needham & Company LLC lifted their target price on shares of HubSpot from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their target price on shares of HubSpot from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of HubSpot from $88.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $93.76.

HubSpot (NYSE HUBS) traded up $6.15 during mid-day trading on Wednesday, reaching $103.15. 1,177,235 shares of the company’s stock traded hands, compared to its average volume of 369,015. The stock has a market cap of $3,850.00, a PE ratio of -88.92 and a beta of 2.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.55 and a quick ratio of 3.55. HubSpot has a 12-month low of $55.80 and a 12-month high of $103.95.

In other HubSpot news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction on 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 the SEC website. Also, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction on 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. In the last quarter, insiders sold 35,000 shares of company stock worth $3,134,850. 12.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HUBS. ETF Managers Group LLC acquired a new position in shares of HubSpot during the 2nd quarter valued at $110,000. Point72 Asia Hong Kong Ltd lifted its holdings in shares of HubSpot by 153.1% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after acquiring an additional 1,032 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of HubSpot by 136.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after acquiring an additional 994 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after acquiring an additional 631 shares in the last quarter. Finally, ETRADE Capital Management LLC acquired a new position in shares of HubSpot during the 3rd quarter valued at $203,000. 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.

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