Short Interest in HubSpot, Inc. (NYSE:HUBS) Increases By 35.0%

HubSpot, Inc. (NYSE:HUBS) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 992,000 shares, a growth of 35.0% from the February 28th total of 734,800 shares. Based on an average trading volume of 533,100 shares, the short-interest ratio is presently 1.9 days. Approximately 2.0% of the shares of the stock are short sold.

HubSpot Stock Up 1.9 %

HUBS traded up $11.01 during trading hours on Tuesday, hitting $582.30. 466,542 shares of the company’s stock were exchanged, compared to its average volume of 610,673. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The stock’s 50-day moving average is $699.84 and its two-hundred day moving average is $661.33. The stock has a market cap of $30.37 billion, a price-to-earnings ratio of 6,470.73, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, equities research analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,853 shares of company stock worth $15,453,396. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Melqart Asset Management UK Ltd lifted its stake in HubSpot by 15.2% in the third quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after acquiring an additional 4,468 shares during the last quarter. Paloma Partners Management Co acquired a new stake in HubSpot in the 3rd quarter valued at about $3,721,000. Bamco Inc. NY lifted its stake in HubSpot by 19.6% in the 3rd quarter. Bamco Inc. NY now owns 37,926 shares of the software maker’s stock valued at $20,161,000 after purchasing an additional 6,215 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in HubSpot by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock worth $10,323,000 after purchasing an additional 772 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC acquired a new position in HubSpot during the fourth quarter worth approximately $1,361,000. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HUBS has been the topic of several research reports. Oppenheimer upped their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets raised their price target on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America boosted their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Piper Sandler raised their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Mizuho boosted their price target on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

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.