Short Interest in HubSpot, Inc. (NYSE:HUBS) Grows By 5.8%

HubSpot, Inc. (NYSE:HUBS) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,100,000 shares, a growth of 5.8% from the October 31st total of 1,040,000 shares. Based on an average daily volume of 476,200 shares, the short-interest ratio is currently 2.3 days.

HubSpot Stock Up 5.1 %

Shares of NYSE HUBS opened at $756.48 on Thursday. The business’s 50 day moving average price is $609.30 and its two-hundred day moving average price is $558.67. The company has a market cap of $39.05 billion, a PE ratio of -2,801.78, a price-to-earnings-growth ratio of 87.96 and a beta of 1.70. HubSpot has a twelve month low of $434.84 and a twelve month high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (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 during the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. As a group, research analysts anticipate that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock worth $29,126,596 in the last three months. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the third quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. boosted its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC boosted its stake in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the period. Finally, J.Safra Asset Management Corp boosted its stake in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after buying an additional 76 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on HUBS shares. Wells Fargo & Company lifted their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays lifted their price target on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $672.68.

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.