HubSpot, Inc. (NYSE:HUBS) Short Interest Up 35.0% in March

HubSpot, Inc. (NYSE:HUBS) was the target of 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 daily volume of 533,100 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.0% of the company’s stock are short sold.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. The trade was a 1.59 % 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. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the third quarter worth about $25,000. Elequin Capital LP bought a new stake in HubSpot during the 4th quarter worth approximately $27,000. Larson Financial Group LLC grew its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC raised its stake in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Down 2.1 %

HUBS stock traded down $12.38 during mid-day trading on Monday, hitting $569.73. The stock had a trading volume of 424,447 shares, compared to its average volume of 610,438. The firm has a fifty day simple moving average of $705.35 and a 200 day simple moving average of $660.14. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The firm has a market capitalization of $29.71 billion, a P/E ratio of 6,323.98, a P/E/G 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 EPS 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%. As a group, equities analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Scotiabank increased their price target 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. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Jefferies Financial Group raised their price objective on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their target price on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.