Short Interest in HubSpot, Inc. (NYSE:HUBS) Increases By 35.0%

HubSpot, Inc. (NYSE:HUBS) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 992,000 shares, a growth of 35.0% from the February 28th total of 734,800 shares. Based on an average daily volume of 533,100 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.0% of the company’s shares are short sold.

HubSpot Price Performance

Shares of NYSE HUBS traded up $11.01 during mid-day trading on Tuesday, hitting $582.30. The company had a trading volume of 466,542 shares, compared to its average volume of 610,673. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market cap of $30.37 billion, a P/E ratio of 6,470.73, a PEG ratio of 41.44 and a beta of 1.80. The business’s 50-day simple moving average is $699.84 and its 200-day simple moving average is $661.33.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts predict that HubSpot will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HUBS. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group boosted their target price on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler raised their price target on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price target on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,853 shares of company stock valued at $15,453,396. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after buying an additional 13 shares in the last quarter. Wedbush Securities Inc. grew its position in HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after acquiring an additional 13 shares during the period. First Horizon Advisors Inc. raised its stake in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC boosted its stake in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

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.