HubSpot, Inc. (NYSE:HUBS) Short Interest Up 35.0% in March

HubSpot, Inc. (NYSE:HUBS) was the target of a large growth in short interest during the month of 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 trading volume, of 533,100 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of recent research reports. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Citigroup increased their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Sanford C. Bernstein began coverage on HubSpot in a research note on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Five research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $848.58.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated Friday, January 3rd. The shares were 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 owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,853 shares of company stock worth $15,453,396. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the 3rd quarter worth $25,000. Elequin Capital LP bought a new stake in shares of HubSpot in the fourth quarter valued at about $27,000. Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% during 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 period. MassMutual Private Wealth & Trust FSB boosted its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of NYSE HUBS traded down $12.38 during midday trading on Monday, reaching $569.73. 424,447 shares of the stock were exchanged, compared to its average volume of 610,438. The company has a market capitalization of $29.71 billion, a price-to-earnings ratio of 6,323.98, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The business has a 50-day simple moving average of $705.35 and a two-hundred day simple moving average of $660.14.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Equities research analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

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.