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

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

HubSpot Stock Up 4.4%

Shares of HUBS stock traded up $10.13 during trading hours on Monday, reaching $240.92. 284,814 shares of the company’s stock were exchanged, compared to its average volume of 1,699,661. The business has a fifty day moving average price of $263.17 and a 200-day moving average price of $365.88. The stock has a market capitalization of $12.71 billion, a P/E ratio of 277.69, a P/E/G ratio of 3.44 and a beta of 1.40. HubSpot has a fifty-two week low of $207.20 and a fifty-two week high of $682.57.

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

Analyst Ratings Changes

A number of equities analysts have commented on HUBS shares. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. Needham & Company LLC dropped their price target on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Oppenheimer reduced their price objective on shares of HubSpot from $550.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. BTIG Research lowered their price objective on HubSpot from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Zacks Research raised HubSpot from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $443.34.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total value of $2,233,375.00. Following the completion of the sale, 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 transaction 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 firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was 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 in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 26,691 shares of company stock valued at $7,250,662. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the business. Strategic Advocates LLC bought a new stake in HubSpot during the 3rd quarter valued at about $25,000. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot during the 3rd quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in HubSpot during the 2nd quarter valued at about $27,000. Exane Asset Management purchased a new position in shares of HubSpot during the 3rd quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. grew its holdings in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the period. 90.39% of the stock is currently owned by institutional investors.

About HubSpot

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.