Short Interest in HubSpot, Inc. (NYSE:HUBS) Drops By 11.4%

HubSpot, Inc. (NYSE:HUBS) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 974,400 shares, a decline of 11.4% from the November 15th total of 1,100,000 shares. Based on an average daily trading volume, of 486,500 shares, the days-to-cover ratio is presently 2.0 days.

Insider Activity

In other news, CEO Yamini Rangan sold 1,507 shares of HubSpot stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at approximately $32,953,341.12. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Hedge funds have recently made changes to their positions in the company. Oddo BHF Asset Management Sas bought a new stake in HubSpot during the 3rd quarter valued at $740,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter worth $25,000. Coldstream Capital Management Inc. grew its position in HubSpot by 40.8% during the third quarter. Coldstream Capital Management Inc. now owns 783 shares of the software maker’s stock worth $433,000 after buying an additional 227 shares in the last quarter. Synergy Financial Group LTD raised its stake in HubSpot by 14.2% in the third quarter. Synergy Financial Group LTD now owns 933 shares of the software maker’s stock valued at $496,000 after purchasing an additional 116 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Performance

Shares of HUBS stock traded down $5.28 during mid-day trading on Tuesday, hitting $741.63. The company’s stock had a trading volume of 611,979 shares, compared to its average volume of 586,440. The company has a market cap of $38.29 billion, a PE ratio of -2,746.78, a P/E/G ratio of 88.26 and a beta of 1.70. HubSpot has a 52 week low of $434.84 and a 52 week high of $762.47. The company’s fifty day simple moving average is $646.48 and its 200-day simple moving average is $566.02.

HubSpot (NYSE:HUBS) last released 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. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, equities analysts anticipate that HubSpot will post 0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised their price objective on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Truist Financial reissued a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $702.23.

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.