HubSpot, Inc. (NYSE:HUBS) Short Interest Up 5.6% in December

HubSpot, Inc. (NYSE:HUBS) was the recipient of 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HUBS shares. The Goldman Sachs Group lifted their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Truist Financial reaffirmed a “buy” rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Five investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $721.26.

HubSpot Stock Down 1.8 %

NYSE HUBS opened at $704.08 on Tuesday. HubSpot has a 52 week low of $434.84 and a 52 week high of $762.47. The business has a 50 day moving average price of $713.49 and a 200-day moving average price of $586.01. The company 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 announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 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 in the previous year, the business posted ($0.04) EPS. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 3,057 shares of HubSpot 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 sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. HM Payson & Co. raised its position in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted 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. Pallas Capital Advisors LLC boosted its holdings in HubSpot by 1.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after purchasing an additional 21 shares during the last quarter. Ballentine Partners LLC grew its position in HubSpot by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock worth $393,000 after purchasing an additional 25 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its stake in HubSpot by 2.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock valued at $541,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds 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.