HubSpot, Inc. (NYSE:HUBS) had its price objective lifted by Canaccord Genuity from $8,398.00 to $98.00 in a report released on Thursday morning. They currently have a buy rating on the software maker’s stock.

Several other equities analysts also recently issued reports on the company. Needham & Company LLC boosted their price objective on HubSpot to $95.00 and gave the stock a buy rating in a research report on Thursday. UBS AG reissued a buy rating and set a $93.00 target price on shares of HubSpot in a report on Thursday. Oppenheimer Holdings, Inc. set a $91.00 target price on HubSpot and gave the stock a buy rating in a report on Wednesday, October 25th. Morgan Stanley boosted their target price on HubSpot from $90.00 to $93.00 and gave the stock an overweight rating in a report on Monday, October 23rd. Finally, KeyCorp reissued a sector weight rating on shares of HubSpot in a report on Friday, October 13th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $83.78.

Shares of HubSpot (HUBS) traded down $2.35 during midday trading on Thursday, hitting $83.60. The stock had a trading volume of 636,206 shares, compared to its average volume of 365,123. The company has a current ratio of 3.55, a quick ratio of 3.67 and a debt-to-equity ratio of 1.41.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. The business had revenue of $97.73 million during the quarter, compared to the consensus estimate of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The business’s revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. research analysts anticipate that HubSpot will post -0.24 EPS for the current year.

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In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $87.15, for a total transaction of $87,150.00. Following the sale, the insider now directly owns 61,926 shares of the company’s stock, valued at approximately $5,396,850.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the insider now directly owns 1,716,316 shares in the company, valued at $126,320,857.60. The disclosure for this sale can be found here. Insiders sold 48,000 shares of company stock worth $3,512,250 in the last ninety days. 12.10% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Stifel Financial Corp raised its stake in HubSpot by 4.7% during the 2nd quarter. Stifel Financial Corp now owns 6,320 shares of the software maker’s stock valued at $418,000 after purchasing an additional 285 shares during the period. Strs Ohio raised its stake in HubSpot by 1.7% during the 2nd quarter. Strs Ohio now owns 18,200 shares of the software maker’s stock valued at $1,196,000 after purchasing an additional 300 shares during the period. Ameritas Investment Partners Inc. raised its stake in HubSpot by 18.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after purchasing an additional 462 shares during the period. Prudential Financial Inc. raised its stake in HubSpot by 14.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,900 shares of the software maker’s stock valued at $322,000 after purchasing an additional 620 shares during the period. Finally, Sei Investments Co. raised its stake in 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 purchasing an additional 631 shares during the period. 96.10% of the stock is currently owned by institutional investors.

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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