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

HubSpot, Inc. (NYSE:HUBS) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 2,562,507 shares, a drop of 18.0% from the February 26th total of 3,123,161 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average daily volume of 1,516,222 shares, the short-interest ratio is currently 1.7 days.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total value of $2,233,375.00. Following the transaction, the director owned 370,558 shares in the company, valued at $97,364,114.50. The trade was a 2.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,691 shares of company stock valued at $7,250,662. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HUBS. Vanguard Group Inc. grew its position in shares of HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in HubSpot by 36.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after acquiring an additional 1,224,424 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock valued at $776,714,000 after acquiring an additional 476,740 shares during the period. State Street Corp boosted its stake in HubSpot by 3.7% in the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock valued at $478,287,000 after acquiring an additional 42,948 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of HubSpot by 117.6% during the fourth quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock valued at $477,138,000 after purchasing an additional 642,545 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HUBS has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price objective on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. KeyCorp decreased their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Canaccord Genuity Group set a $485.00 price target on shares of HubSpot in a research note on Thursday, February 12th. Finally, Stifel Nicolaus cut their price target on shares of HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $435.93.

HubSpot Stock Up 2.6%

NYSE:HUBS traded up $6.11 during trading hours on Tuesday, reaching $243.92. 876,586 shares of the stock were exchanged, compared to its average volume of 1,310,931. The firm has a 50 day simple moving average of $260.46 and a 200-day simple moving average of $362.30. HubSpot has a 52 week low of $207.20 and a 52 week high of $682.57. The stock has a market capitalization of $12.86 billion, a P/E ratio of 280.37, a P/E/G ratio of 3.55 and a beta of 1.40.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same period in the previous year, the business earned $2.32 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, analysts expect that HubSpot will post 1.01 earnings per share 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.