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

HubSpot, Inc. (NYSE:HUBS) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,020,000 shares, an increase of 5.6% from the December 31st total of 965,600 shares. Based on an average daily volume of 458,500 shares, the short-interest ratio is presently 2.2 days.

HubSpot Stock Performance

HubSpot stock opened at $765.39 on Tuesday. The company has a market cap of $39.51 billion, a P/E ratio of -2,834.66, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. HubSpot has a one year low of $434.84 and a one year high of $811.79. The business has a fifty day moving average of $724.40 and a two-hundred day moving average of $602.09.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) EPS. Sell-side analysts predict that HubSpot will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HUBS shares. Barclays upped their target price on shares of HubSpot from $650.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $731.83.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock valued at $54,900,427 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% in 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. Bank of Jackson Hole Trust acquired a new position in shares of HubSpot during the 4th quarter worth $35,000. HM Payson & Co. boosted its position in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in HubSpot in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.