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

HubSpot, Inc. (NYSE:HUBS) saw a large increase in short interest during the month of 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 Trading Down 1.8 %

Shares of HUBS traded down $13.26 during mid-day trading on Friday, hitting $704.08. The company’s stock had a trading volume of 503,210 shares, compared to its average volume of 311,176. The firm has a 50-day simple moving average of $713.49 and a 200 day simple moving average of $586.01. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47. The firm has a market capitalization of $36.34 billion, a P/E ratio of -2,607.59, a P/E/G ratio of 41.24 and a beta of 1.70.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on HUBS. BMO Capital Markets boosted their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Evercore ISI boosted their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped their target price on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Finally, Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $721.26.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently modified their holdings of the company. Donoghue Forlines LLC acquired a new position in HubSpot during the fourth quarter worth $2,049,000. Mutual Advisors LLC acquired a new position in shares of HubSpot during the 4th quarter worth $206,000. Sheets Smith Wealth Management acquired a new position in shares of HubSpot during the 4th quarter worth $434,000. Ballentine Partners LLC boosted its position in shares of HubSpot by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock worth $393,000 after buying an additional 25 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in HubSpot by 73.1% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.