HubSpot (HUBS) Reaches New 12-Month High at $108.98

HubSpot Inc (NYSE:HUBS) reached a new 52-week high during trading on Tuesday . The company traded as high as $108.98 and last traded at $109.05, with a volume of 338164 shares traded. The stock had previously closed at $105.75.

A number of research firms have recently commented on HUBS. Morgan Stanley raised their price target on HubSpot from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. UBS Group lifted their target price on HubSpot from $103.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Stifel Nicolaus lifted their target price on HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Canaccord Genuity lifted their target price on HubSpot from $98.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, SunTrust Banks lifted their target price on HubSpot to $112.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $93.76.

The stock has a market cap of $4,003.50, a PE ratio of -101.04 and a beta of 2.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.38 and a quick ratio of 3.38.

In other HubSpot news, insider Dharmesh Shah sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $102.56, for a total transaction of $2,153,760.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $81.60, for a total value of $81,600.00. Following the transaction, the insider now directly owns 59,264 shares in the company, valued at approximately $4,835,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 57,000 shares of company stock worth $5,392,060 in the last ninety days. Insiders own 12.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HUBS. UBS Asset Management Americas Inc. increased its holdings in HubSpot by 28.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,573 shares of the software maker’s stock worth $1,090,000 after purchasing an additional 3,711 shares in the last quarter. Ark Investment Management LLC grew its position in shares of HubSpot by 90.0% in the 2nd quarter. Ark Investment Management LLC now owns 18,694 shares of the software maker’s stock valued at $1,229,000 after buying an additional 8,855 shares during the last quarter. Voya Investment Management LLC grew its position in shares of HubSpot by 33.0% in the 2nd quarter. Voya Investment Management LLC now owns 15,360 shares of the software maker’s stock valued at $1,010,000 after buying an additional 3,814 shares during the last quarter. Stifel Financial Corp grew its position 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 buying an additional 285 shares during the last quarter. Finally, State Street Corp grew its position in shares of 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 buying an additional 92,448 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

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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.

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