Rosenblatt Securities Believes HubSpot (NYSE: HUBS) Won’t Stop Here

By Austin Angelo

Rosenblatt Securities analyst Marshall Senk reiterated a Buy rating on HubSpot (HUBSResearch Report) on February 8 and set a price target of $170. The company’s shares closed on Friday at $165.44, close to its 52-week high of $166.07.

According to TipRanks.com, Senk is a 5-star analyst with an average return of 21.4% and a 74.3% success rate. Senk covers the Technology sector, focusing on stocks such as Carbonite Inc, Cloudera Inc, and MongoDB Inc.

HubSpot has an analyst consensus of Moderate Buy, with a price target consensus of $177.50.

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The company has a one-year high of $166.07 and a one-year low of $92. Currently, HubSpot has an average volume of 551K.

Based on the recent corporate insider activity of 140 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUBS in relation to earlier this year. Earlier this month, Brian Halligan, the CEO of HUBS bought 99,958 shares for a total of $152,936.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

HubSpot, Inc. provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded by Brian Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.