HubSpot (HUBS) Price Target Raised to $107.00 at Morgan Stanley

HubSpot (NYSE:HUBS) had its target price hoisted by Morgan Stanley from $105.00 to $107.00 in a report released on Wednesday. The brokerage presently has an “equal weight” rating on the software maker’s stock. Morgan Stanley’s price target would indicate a potential upside of 3.73% from the stock’s previous close.

HUBS has been the topic of several other reports. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Tuesday, January 2nd. UBS Group increased their price objective on shares of HubSpot from $84.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Needham & Company LLC increased their price objective on shares of HubSpot to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Oppenheimer set a $91.00 price objective on shares of HubSpot and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Canaccord Genuity increased their price objective on shares of HubSpot from $8,398.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $90.94.

HubSpot (NYSE HUBS) traded up $6.15 during trading hours on Wednesday, hitting $103.15. 1,177,235 shares of the stock were exchanged, compared to its average volume of 395,004. The stock has a market cap of $3,613.83, a P/E ratio of -88.92 and a beta of 2.24. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot has a 12-month low of $55.80 and a 12-month high of $103.95.

In other HubSpot news, insider Hunter Madeley sold 7,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $95.35, for a total transaction of $667,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $3,134,850 in the last 90 days. Company insiders own 12.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in HubSpot by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after acquiring an additional 97,869 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of HubSpot by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock worth $211,779,000 after purchasing an additional 229,182 shares during the period. BlackRock Inc. lifted its stake in shares of HubSpot by 3.2% in the 4th quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock worth $203,569,000 after purchasing an additional 71,538 shares during the period. Jennison Associates LLC lifted its stake in shares of HubSpot by 135.8% in the 4th quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock worth $112,541,000 after purchasing an additional 733,246 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of HubSpot by 9.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock worth $109,053,000 after purchasing an additional 101,364 shares during the period. Institutional investors and hedge funds 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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