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

HubSpot, Inc. (NYSE:HUBS) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 2,892,652 shares, an increase of 37.9% from the January 29th total of 2,097,932 shares. Currently, 5.7% of the shares of the stock are sold short. Based on an average daily volume of 3,153,626 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 3,153,626 shares, the days-to-cover ratio is presently 0.9 days. Currently, 5.7% of the shares of the stock are sold short.

Insider Activity

In related news, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares of the company’s stock, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,691 shares of company stock valued at $8,136,702 in the last three months. 4.00% of the stock is currently owned by corporate insiders.

Institutional Trading of HubSpot

Large investors have recently added to or reduced their stakes in the stock. Reflection Asset Management purchased a new position in HubSpot in the fourth quarter valued at about $37,000. Wick Capital Partners LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at about $335,000. Groupama Asset Managment raised its holdings in shares of HubSpot by 3.3% during the 4th quarter. Groupama Asset Managment now owns 64,729 shares of the software maker’s stock valued at $25,976,000 after buying an additional 2,065 shares during the period. Alternative Investment Advisors LLC. acquired a new position in HubSpot during the 4th quarter worth approximately $2,323,000. Finally, Invesco Ltd. lifted its position in HubSpot by 128.7% during the 4th quarter. Invesco Ltd. now owns 296,856 shares of the software maker’s stock worth $119,129,000 after acquiring an additional 167,076 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC lowered their price objective on HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. KeyCorp decreased their price target on HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Piper Sandler dropped their price objective on shares of HubSpot from $400.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada cut their price objective on shares of HubSpot from $800.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Finally, The Goldman Sachs Group lowered their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Stock Down 0.3%

Shares of NYSE HUBS traded down $0.85 during midday trading on Monday, hitting $263.66. The stock had a trading volume of 1,332,636 shares, compared to its average volume of 1,909,463. HubSpot has a 1-year low of $207.20 and a 1-year high of $732.00. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 303.06, a PEG ratio of 3.95 and a beta of 1.44. The company has a fifty day moving average price of $310.16 and a 200 day moving average price of $394.75.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The firm had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same quarter in the prior year, the company earned $2.32 EPS. The company’s revenue was up 20.4% on a year-over-year basis. On average, research analysts forecast that HubSpot will post 1.01 EPS for the current year.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.