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

HubSpot, Inc. (NYSE:HUBS) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 911,400 shares, a drop of 6.5% from the June 30th total of 974,800 shares. Based on an average daily trading volume, of 808,300 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

HUBS has been the topic of a number of recent research reports. BMO Capital Markets decreased their target price on HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. KeyCorp decreased their target price on HubSpot from $520.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Stifel Nicolaus decreased their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group decreased their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $630.04.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the transaction, the insider now directly owns 10,860 shares in the company, valued at $7,059,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares in the company, valued at $7,059,000. The disclosure for this sale can be found here. Insiders have sold a total of 46,491 shares of company stock worth $26,699,609 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC bought a new position in shares of HubSpot during the second quarter worth approximately $681,000. Maryland State Retirement & Pension System increased its holdings in shares of HubSpot by 4.7% during the second quarter. Maryland State Retirement & Pension System now owns 3,808 shares of the software maker’s stock worth $2,246,000 after purchasing an additional 171 shares during the period. Hantz Financial Services Inc. bought a new position in shares of HubSpot during the second quarter worth approximately $911,000. International Assets Investment Management LLC bought a new position in shares of HubSpot during the second quarter worth approximately $35,000. Finally, iA Global Asset Management Inc. bought a new position in shares of HubSpot during the second quarter worth approximately $241,000. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

Shares of HUBS stock traded up $8.64 on Wednesday, reaching $496.66. The stock had a trading volume of 55,275 shares, compared to its average volume of 636,092. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $558.73 and its two-hundred day moving average is $596.15. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of -184.16 and a beta of 1.60. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.27. The firm had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, research analysts expect that HubSpot will post -0.44 EPS for the current fiscal year.

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.