HubSpot, Inc. (NYSE:HUBS) Sees Large Increase in Short Interest

HubSpot, Inc. (NYSE:HUBS) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,100,000 shares, an increase of 5.8% from the October 31st total of 1,040,000 shares. Based on an average daily volume of 476,200 shares, the days-to-cover ratio is presently 2.3 days.

HubSpot Stock Down 1.0 %

Shares of HubSpot stock traded down $6.98 on Tuesday, hitting $716.61. The stock had a trading volume of 201,626 shares, compared to its average volume of 587,826. HubSpot has a one year low of $434.84 and a one year high of $754.56. The stock’s 50-day simple moving average is $601.05 and its two-hundred day simple moving average is $556.54.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Equities research analysts forecast that HubSpot will post 0.4 EPS for the current year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,136 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. The trade was a 2.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock valued at $29,101,488 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Several large investors have recently added to or reduced their stakes in the stock. HM Payson & Co. boosted its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after buying an additional 25 shares during the period. Motley Fool Asset Management LLC lifted its position in HubSpot by 2.6% during the third 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 period. V Square Quantitative Management LLC lifted its position in HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after buying an additional 27 shares during the period. Finally, Crewe Advisors LLC lifted its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after buying an additional 28 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HUBS shares. JPMorgan Chase & Co. increased their target price on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased 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. Stifel Nicolaus increased their price target on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays increased their price target on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Raymond James lowered their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $672.68.

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.