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

by · The Cerbat Gem

HubSpot, Inc. (NYSE:HUBS – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,040,000 shares, an increase of 15.4% from the September 15th total of 901,000 shares. Based on an average daily volume of 678,900 shares, the short-interest ratio is currently 1.5 days.

Insider Activity

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the transaction, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,321 shares of company stock worth $3,374,089. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Riverview Trust Co acquired a new position in shares of HubSpot during the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. boosted its stake in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of HubSpot in the second quarter valued at about $35,000. Crewe Advisors LLC boosted its position in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in HubSpot during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS traded down $16.86 during mid-day trading on Wednesday, reaching $531.35. 387,526 shares of the stock were exchanged, compared to its average volume of 603,200. The company has a market capitalization of $27.08 billion, a P/E ratio of -200.51, a P/E/G ratio of 7,193.98 and a beta of 1.64. The business’s 50 day moving average is $509.80 and its 200-day moving average is $555.70. HubSpot has a 1 year low of $407.23 and a 1 year high of $693.85.

HubSpot (NYSE:HUBS – Get Free Report) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the company posted ($1.17) EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBS. Citigroup reduced their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $570.00 target price on shares of HubSpot in a research report on Thursday, September 19th. UBS Group lowered their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Bank of America cut their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Barclays lowered their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $611.83.

Read Our Latest Stock Analysis on HubSpot

About HubSpot

(Get Free Report)

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.

Featured Articles