HubSpot, Inc. (NYSE:HUBS) Sees Large Increase in Short Interest

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

HubSpot Stock Performance

Shares of HubSpot stock opened at $765.26 on Wednesday. The company has a fifty day moving average of $725.07 and a 200 day moving average of $604.09. The company has a market capitalization of $39.50 billion, a P/E ratio of -2,834.19, a P/E/G ratio of 44.02 and a beta of 1.72. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $811.79.

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

Insider Activity

In related news, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew 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 valued at $31,000 after purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new position in HubSpot during the 4th quarter valued at approximately $35,000. HM Payson & Co. increased its stake in HubSpot by 36.0% in the 3rd 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 last quarter. Finally, Friedenthal Financial purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $50,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on HUBS shares. Barclays upped their target price on shares of HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Mizuho increased their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Scotiabank lifted their target price on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, January 8th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $732.88.

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.