Short Interest in HubSpot, Inc. (NYSE:HUBS) Expands By 5.6%

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

HubSpot Stock Down 1.8 %

HUBS traded down $13.26 during trading on Monday, hitting $704.08. 503,210 shares of the company traded hands, compared to its average volume of 311,176. HubSpot has a one year low of $434.84 and a one year high of $762.47. The stock’s fifty day moving average is $713.49 and its 200 day moving average is $586.01. The firm has a market cap of $36.35 billion, a P/E ratio of -2,607.59, a price-to-earnings-growth ratio of 41.24 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. 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 prior year, the firm earned ($0.04) EPS. The company’s revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on HUBS. Stifel Nicolaus boosted their target price on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Morgan Stanley boosted their price objective on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Bank of America lifted their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer lifted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $721.26.

Insider Buying and Selling at HubSpot

In related news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Large investors have recently bought and sold shares of the company. GDS Wealth Management purchased a new stake in shares of HubSpot during the 3rd quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC purchased a new stake in shares of HubSpot during the third quarter worth $624,000. Icon Wealth Advisors LLC boosted its holdings in shares of HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after acquiring an additional 20,479 shares during the period. Curi RMB Capital LLC grew its position in shares of HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after purchasing an additional 937 shares in the last quarter. Finally, Melqart Asset Management UK Ltd raised its stake in shares of HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after purchasing an additional 4,468 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.