HubSpot, Inc. (NYSE:HUBS) Short Interest Up 5.6% in December

HubSpot, Inc. (NYSE:HUBS) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,020,000 shares, an increase of 5.6% from the December 15th total of 965,600 shares. Based on an average daily volume of 458,500 shares, the short-interest ratio is presently 2.2 days.

HubSpot Price Performance

HubSpot stock opened at $704.08 on Tuesday. The firm has a market cap of $36.35 billion, a PE ratio of -2,607.59, a price-to-earnings-growth ratio of 41.24 and a beta of 1.70. The stock’s fifty day moving average price is $713.49 and its two-hundred day moving average price is $586.01. HubSpot has a one year low of $434.84 and a one year high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter last year, the business earned ($0.04) earnings per share. HubSpot’s revenue was up 20.1% on a year-over-year basis. Sell-side analysts expect that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in HubSpot by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 77,292 shares of the software maker’s stock valued at $45,586,000 after purchasing an additional 6,138 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of HubSpot by 12.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 752 shares of the software maker’s stock worth $444,000 after buying an additional 82 shares during the last quarter. Amalgamated Bank lifted its position in shares of HubSpot by 3.6% during the 2nd quarter. Amalgamated Bank now owns 3,303 shares of the software maker’s stock worth $1,948,000 after buying an additional 114 shares during the last quarter. Blair William & Co. IL boosted its stake in HubSpot by 39.8% in the second quarter. Blair William & Co. IL now owns 1,995 shares of the software maker’s stock valued at $1,177,000 after buying an additional 568 shares in the last quarter. Finally, Profund Advisors LLC bought a new position in HubSpot in the second quarter valued at about $1,960,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HUBS. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $680.00 to $725.00 in a research note on Friday. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Mizuho raised their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Canaccord Genuity Group boosted their target price on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Morgan Stanley increased their price target on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $721.26.

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.