Short Interest in HubSpot, Inc. (NYSE:HUBS) Rises By 18.6%

HubSpot, Inc. (NYSE:HUBS) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 3,607,730 shares, a growth of 18.6% from the March 31st total of 3,041,358 shares. Currently, 7.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,833,604 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HUBS shares. Citigroup cut their target price on HubSpot from $368.00 to $321.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of HubSpot in a research note on Friday, January 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. Mizuho dropped their price objective on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Finally, Jefferies Financial Group decreased their target price on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Twenty-five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $388.07.

Insider Activity

In other HubSpot news, Director Brian Halligan sold 8,292 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $230.72, for a total value of $1,913,130.24. Following the completion of the transaction, the director owned 362,000 shares of the company’s stock, valued at $83,520,640. This represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This represents a 7.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,483 shares of company stock valued at $6,585,062. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Several large investors have recently made changes to their positions in HUBS. Empowered Funds LLC lifted its position in HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after purchasing an additional 737 shares during the period. NewEdge Advisors LLC grew its position in shares of HubSpot by 12.1% during the 2nd quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock worth $2,665,000 after buying an additional 516 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of HubSpot by 4.7% during the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock worth $13,222,000 after buying an additional 1,077 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of HubSpot during the second quarter worth approximately $34,000. Finally, Alliancebernstein L.P. lifted its holdings in HubSpot by 35.0% in the second quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock valued at $209,335,000 after buying an additional 97,469 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HUBS stock traded up $18.33 during trading hours on Friday, reaching $240.09. 1,541,938 shares of the company were exchanged, compared to its average volume of 1,493,059. HubSpot has a fifty-two week low of $187.45 and a fifty-two week high of $682.57. The stock’s fifty day moving average is $242.77 and its two-hundred day moving average is $323.93. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 275.96, a P/E/G ratio of 3.03 and a beta of 1.44.

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 net margin of 1.47% and a return on equity of 3.64%. The business had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. During the same quarter last year, the business posted $2.32 earnings per share. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that HubSpot will post 3.66 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.