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

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

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of the business’s 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 transaction, the director directly owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the insider owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,691 shares of company stock worth $7,250,662 over the last quarter. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. World Investment Advisors boosted its position in HubSpot by 72.7% in the fourth quarter. World Investment Advisors now owns 786 shares of the software maker’s stock valued at $315,000 after buying an additional 331 shares during the last quarter. Corient Private Wealth LLC raised its position in HubSpot by 40.8% during the 4th quarter. Corient Private Wealth LLC now owns 2,967 shares of the software maker’s stock worth $1,191,000 after buying an additional 860 shares during the last quarter. Reflection Asset Management acquired a new stake in HubSpot during the 4th quarter valued at approximately $37,000. Wick Capital Partners LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at $335,000. Finally, Groupama Asset Managment boosted its holdings in shares of HubSpot by 3.3% in the 4th quarter. Groupama Asset Managment now owns 64,729 shares of the software maker’s stock valued at $25,976,000 after acquiring an additional 2,065 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on HUBS. Royal Bank Of Canada decreased their price target on shares of HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Needham & Company LLC reduced their price objective on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. KeyCorp decreased their target price on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Cantor Fitzgerald raised their target price on shares of HubSpot from $280.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of HubSpot in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $435.93.

HubSpot Trading Up 0.7%

Shares of NYSE HUBS traded up $1.63 during midday trading on Wednesday, reaching $245.73. The company had a trading volume of 316,065 shares, compared to its average volume of 1,673,803. The business’s 50-day simple moving average is $260.46 and its 200 day simple moving average is $362.30. The stock has a market cap of $12.96 billion, a P/E ratio of 282.44, a P/E/G ratio of 3.55 and a beta of 1.40. HubSpot has a 1 year low of $207.20 and a 1 year high of $682.57.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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 firm had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. During the same period in the previous year, the company earned $2.32 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts predict that HubSpot will post 1.01 earnings per share for the current year.

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.