HubSpot, Inc. (NYSE:HUBS) Short Interest Up 37.9% in February

HubSpot, Inc. (NYSE:HUBS) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,892,652 shares, a growth of 37.9% from the January 29th total of 2,097,932 shares. Based on an average daily trading volume, of 3,153,626 shares, the short-interest ratio is presently 0.9 days. Approximately 5.7% of the company’s shares are short sold. Approximately 5.7% of the company’s shares are short sold. Based on an average daily trading volume, of 3,153,626 shares, the short-interest ratio is presently 0.9 days.

HubSpot Trading Down 0.3%

Shares of HubSpot stock traded down $0.85 during trading hours on Monday, hitting $263.66. 1,332,636 shares of the company were exchanged, compared to its average volume of 1,909,463. HubSpot has a 1 year low of $207.20 and a 1 year high of $732.00. The business has a 50-day moving average of $310.16 and a 200-day moving average of $394.75. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 303.06, a P/E/G ratio of 3.95 and a beta of 1.44.

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 analysts’ expectations of $830.65 million. During the same quarter in the prior year, the business posted $2.32 earnings per share. HubSpot’s revenue was up 20.4% compared to the same quarter last year. As a group, research analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HUBS. BMO Capital Markets dropped their price target on HubSpot from $385.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Oppenheimer lowered their price target on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Zacks Research upgraded HubSpot from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Citigroup upped their price objective on shares of HubSpot from $600.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Argus reduced their price target on HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $452.70.

Insider Buying and Selling

In other HubSpot news, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 26,691 shares of company stock worth $8,136,702. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently added to or reduced their stakes in the business. Strategic Advocates LLC purchased a new position in shares of HubSpot during the 3rd quarter worth approximately $25,000. Turning Point Benefit Group Inc. acquired a new stake in HubSpot during the 3rd quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in HubSpot during the 2nd quarter valued at $27,000. Exane Asset Management purchased a new position in HubSpot during the third quarter worth $30,000. Finally, Rakuten Securities Inc. raised its holdings in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.