HubSpot, Inc. (NYSE:HUBS) Short Interest Update

HubSpot, Inc. (NYSE:HUBS) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,418,266 shares, an increase of 19.2% from the December 15th total of 1,189,679 shares. Based on an average daily volume of 724,236 shares, the short-interest ratio is presently 2.0 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 724,236 shares, the short-interest ratio is presently 2.0 days.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director directly owned 496,308 shares of the company’s stock, valued at $182,140,072.92. This represents a 1.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 25,500 shares of company stock valued at $10,058,565 in the last three months. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Jennison Associates LLC raised its stake in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares during the period. Norges Bank purchased a new stake in shares of HubSpot in the 2nd quarter valued at approximately $269,941,000. Vanguard Group Inc. increased its holdings in shares of HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after buying an additional 345,524 shares during the last quarter. AQR Capital Management LLC raised its position in shares of HubSpot by 89.2% during the 3rd quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after buying an additional 257,577 shares during the period. Finally, Atreides Management LP purchased a new stake in shares of HubSpot during the 3rd quarter valued at approximately $113,878,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of several recent analyst reports. Wall Street Zen lowered shares of HubSpot from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. dropped their target price on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Barclays reduced their price target on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Wells Fargo & Company decreased their price target on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Truist Financial cut their price objective on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $603.07.

HubSpot Stock Down 5.1%

HUBS traded down $16.92 during trading on Monday, reaching $312.32. The company’s stock had a trading volume of 1,970,689 shares, compared to its average volume of 747,222. The company has a market cap of $16.36 billion, a price-to-earnings ratio of -3,904.00, a PEG ratio of 7.32 and a beta of 1.46. The firm has a fifty day simple moving average of $376.79 and a two-hundred day simple moving average of $447.79. HubSpot has a 1 year low of $309.00 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter last year, the firm earned $2.18 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, equities analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.