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

HubSpot, Inc. (NYSE:HUBS) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 709,200 shares, a drop of 16.6% from the January 31st total of 850,800 shares. Based on an average trading volume of 478,100 shares, the short-interest ratio is currently 1.5 days.

Analyst Ratings Changes

HUBS has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and increased their target price for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Barclays restated an “equal weight” rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, Scotiabank raised their price objective on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Performance

Shares of HUBS stock traded up $10.01 on Wednesday, reaching $697.13. 509,348 shares of the company’s stock traded hands, compared to its average volume of 511,044. The company has a market capitalization of $36.36 billion, a P/E ratio of 7,746.74, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The business’s 50 day moving average price is $738.87 and its two-hundred day moving average price is $645.44.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Research analysts predict that HubSpot will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares of the company’s stock, valued at $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,997 shares of company stock valued at $35,796,526 over the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Elequin Capital LP bought a new stake in HubSpot in the fourth quarter worth approximately $27,000. Larson Financial Group LLC increased its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in 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 buying an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter valued at about $25,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.