HubSpot, Inc. (NYSE:HUBS) Short Interest Update

HubSpot, Inc. (NYSE:HUBS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,020,000 shares, a growth of 5.6% from the December 15th total of 965,600 shares. Based on an average trading volume of 458,500 shares, the days-to-cover ratio is presently 2.2 days.

HubSpot Stock Down 1.8 %

HubSpot stock traded down $13.26 during trading hours on Monday, hitting $704.08. The stock had a trading volume of 503,210 shares, compared to its average volume of 311,176. The business’s 50 day simple moving average is $713.49 and its 200-day simple moving average is $586.01. HubSpot has a one year low of $434.84 and a one year high of $762.47. The stock has a market cap of $36.35 billion, a price-to-earnings ratio of -2,607.59, a P/E/G ratio of 41.24 and a beta of 1.70.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the business earned ($0.04) EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Research analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HUBS shares. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a report on Thursday, November 7th. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Morgan Stanley raised their price objective on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Stifel Nicolaus upped their target price on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada raised their price target on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $721.26.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the period. Friedenthal Financial bought a new stake in HubSpot in the fourth quarter valued at approximately $50,000. Finally, Crewe Advisors LLC increased its position in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.