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

HubSpot, Inc. (NYSE:HUBS) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 911,400 shares, a decline of 6.5% from the June 30th total of 974,800 shares. Based on an average trading volume of 808,300 shares, the short-interest ratio is presently 1.1 days.

HubSpot Stock Performance

Shares of HUBS traded down $12.87 during mid-day trading on Thursday, hitting $484.16. The company’s stock had a trading volume of 209,500 shares, compared to its average volume of 636,836. HubSpot has a one year low of $407.23 and a one year high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $24.67 billion, a PE ratio of -187.56 and a beta of 1.60. The stock’s 50-day moving average is $556.42 and its two-hundred day moving average is $595.45.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. As a group, sell-side analysts anticipate that HubSpot will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays cut their price objective on HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. TD Cowen dropped their target price on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Scotiabank upped their target price on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. BMO Capital Markets dropped their target price on HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $630.04.

Insider Buying and Selling

In related news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $124,800.00. Following the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at $7,059,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 192 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the sale, the insider now owns 10,860 shares in the company, valued at approximately $7,059,000. The disclosure for this sale can be found here. Insiders have sold a total of 46,491 shares of company stock valued at $26,699,609 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after acquiring an additional 119,999 shares in the last quarter. Hsbc Holdings PLC raised its stake in HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after acquiring an additional 2,057 shares in the last quarter. Stifel Financial Corp raised its stake in HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after acquiring an additional 4,371 shares in the last quarter. Strs Ohio raised its stake in HubSpot by 1,203.0% during the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after acquiring an additional 18,466 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in HubSpot by 19.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock worth $13,089,000 after acquiring an additional 3,671 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

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.