HubSpot (HUBS) Trading Up 6.2% Following Analyst Upgrade

HubSpot Inc (NYSE:HUBS) shares were up 6.2% during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $95.00 to $102.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. HubSpot traded as high as $98.15 and last traded at $96.70. Approximately 745,601 shares traded hands during trading, an increase of 109% from the average daily volume of 356,662 shares. The stock had previously closed at $91.05.

Other research analysts also recently issued reports about the company. Oppenheimer set a $91.00 price objective on HubSpot and gave the stock a “buy” rating in a research note on Wednesday, October 25th. UBS Group upped their price objective on HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Canaccord Genuity upped their price objective on HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Needham & Company LLC upped their price objective on HubSpot to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, January 2nd. Three 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 stock. HubSpot presently has a consensus rating of “Buy” and an average target price of $87.24.

In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was 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 of the company’s stock, 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 valued at $3,134,850 in the last quarter. 12.10% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in HUBS. ARK Investment Management LLC lifted its holdings in shares of HubSpot by 101.4% in the fourth quarter. ARK Investment Management LLC now owns 56,462 shares of the software maker’s stock valued at $4,991,000 after buying an additional 28,425 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of HubSpot in the fourth quarter valued at $766,000. Virtu Financial LLC lifted its holdings in shares of HubSpot by 98.1% in the fourth quarter. Virtu Financial LLC now owns 5,554 shares of the software maker’s stock valued at $491,000 after buying an additional 2,751 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of HubSpot by 10.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 19,427 shares of the software maker’s stock valued at $1,717,000 after buying an additional 1,878 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of HubSpot by 3.2% in the fourth quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock valued at $203,569,000 after buying an additional 71,538 shares during the period. Institutional investors own 94.58% of the company’s stock.

The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41. The firm has a market cap of $3,610.00, a price-to-earnings ratio of -83.36 and a beta of 2.24.

ILLEGAL ACTIVITY WARNING: “HubSpot (HUBS) Trading Up 6.2% Following Analyst Upgrade” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.com-unik.info/2018/02/13/hubspot-hubs-trading-up-6-2-following-analyst-upgrade.html.

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.

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit