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

HubSpot, Inc. (NYSE:HUBS) saw a large 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.

Analysts Set New Price Targets

Several research firms have commented on HUBS. Oppenheimer increased their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group increased their price target on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a report on Monday. Bank of America boosted their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada increased their price target on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $731.83.

Insider Buying and Selling

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB grew its stake in 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 purchasing an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in HubSpot in the fourth quarter worth about $35,000. HM Payson & Co. raised its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of HubSpot during the fourth quarter valued at about $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Down 1.8 %

HUBS opened at $765.39 on Tuesday. HubSpot has a 52 week low of $434.84 and a 52 week high of $811.79. The company has a market capitalization of $39.51 billion, a P/E ratio of -2,834.66, a PEG ratio of 44.02 and a beta of 1.72. The stock’s fifty day moving average is $724.40 and its two-hundred day moving average is $602.09.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the previous year, the company posted ($0.04) earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Equities analysts anticipate that HubSpot will post 0.42 earnings per share for the current 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.