Short Interest in HubSpot, Inc. (NYSE:HUBS) Rises By 15.4%

HubSpot, Inc. (NYSE:HUBS) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,040,000 shares, a growth of 15.4% from the September 15th total of 901,000 shares. Based on an average daily volume of 678,900 shares, the days-to-cover ratio is currently 1.5 days.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 1,374 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the transaction, the chief executive officer now owns 61,294 shares of the company’s stock, valued at $33,711,700. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the completion of the sale, the chief executive officer now owns 61,294 shares in the company, valued at $33,711,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,321 shares of company stock worth $3,374,089 over the last quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in HubSpot in the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. lifted its position in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of HubSpot in the 2nd quarter valued at approximately $35,000. Crewe Advisors LLC raised its position in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in HubSpot in the first quarter valued at $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Monday. Piper Sandler reissued an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Oppenheimer reaffirmed an “outperform” rating and set a $625.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Raymond James decreased their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $700.00 price target on shares of HubSpot in a report on Thursday, September 19th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $611.83.

HubSpot Price Performance

Shares of HUBS traded down $16.86 during midday trading on Wednesday, reaching $531.35. 387,526 shares of the stock were exchanged, compared to its average volume of 603,200. HubSpot has a twelve month low of $407.23 and a twelve month high of $693.85. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of -200.51, a PEG ratio of 7,193.98 and a beta of 1.64. The business’s 50-day moving average price is $509.80 and its 200 day moving average price is $555.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.17) earnings per share.

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.