Short Interest in HubSpot, Inc. (NYSE:HUBS) Rises By 5.6%

HubSpot, Inc. (NYSE:HUBS) saw a significant growth in short interest in 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 daily trading volume, of 458,500 shares, the short-interest ratio is currently 2.2 days.

HubSpot Stock Down 1.8 %

NYSE HUBS traded down $13.26 on Friday, reaching $704.08. The stock had a trading volume of 503,210 shares, compared to its average volume of 311,176. The stock has a fifty day moving average price of $713.49 and a two-hundred day moving average price of $586.01. HubSpot has a 12-month low of $434.84 and a 12-month high of $762.47. The firm has a market capitalization of $36.34 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 posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. Sell-side analysts forecast that HubSpot will post 0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on HUBS. The Goldman Sachs Group lifted their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price target on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Mizuho upped their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and raised their target price for the stock from $680.00 to $725.00 in a research note on Friday. Finally, Bank of America boosted their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Five 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. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $721.26.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GDS Wealth Management acquired a new stake in HubSpot during the 3rd quarter worth approximately $2,149,000. Pallas Capital Advisors LLC purchased a new stake in shares of HubSpot during the third quarter worth $624,000. Icon Wealth Advisors LLC raised its stake in shares of HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares in the last quarter. Curi RMB Capital LLC boosted its holdings in HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after purchasing an additional 937 shares during the period. Finally, Melqart Asset Management UK Ltd grew its stake in HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock worth $18,010,000 after purchasing an additional 4,468 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.