HubSpot, Inc. (NYSE:HUBS) Sees Large Drop in Short Interest

HubSpot, Inc. (NYSE:HUBS) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 709,200 shares, a decrease of 16.6% from the January 31st total of 850,800 shares. Based on an average daily volume of 478,100 shares, the days-to-cover ratio is currently 1.5 days.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock worth $35,796,526 in the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

Several large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the third quarter valued at about $25,000. Elequin Capital LP purchased a new position in shares of HubSpot during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC increased its stake in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its stake in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

HubSpot stock traded up $10.01 during trading on Wednesday, reaching $697.13. 509,348 shares of the company’s stock were exchanged, compared to its average volume of 511,044. The company’s 50-day moving average is $738.87 and its two-hundred day moving average is $645.44. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The firm has a market cap of $36.36 billion, a price-to-earnings ratio of 7,746.74, a PEG ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued its earnings results 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%. Analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on HUBS shares. Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company boosted their target price on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and upped their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. StockNews.com downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $863.96.

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.