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

HubSpot, Inc. (NYSE:HUBS) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 716,800 shares, a decrease of 10.9% from the May 31st total of 804,600 shares. Based on an average daily trading volume, of 712,300 shares, the short-interest ratio is presently 1.0 days.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 192 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the sale, the insider now owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Dawson Alyssa Harvey sold 192 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the sale, the insider now owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders sold a total of 17,479 shares of company stock valued at $11,043,280 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently made changes to their positions in HUBS. O Shaughnessy Asset Management LLC lifted its position in shares of HubSpot by 121.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,129 shares of the software maker’s stock valued at $556,000 after acquiring an additional 620 shares in the last quarter. Synovus Financial Corp increased its stake in HubSpot by 7.0% in the 3rd quarter. Synovus Financial Corp now owns 658 shares of the software maker’s stock valued at $324,000 after buying an additional 43 shares during the period. Tower Research Capital LLC TRC increased its stake in HubSpot by 79.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the software maker’s stock valued at $874,000 after buying an additional 785 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in HubSpot in the 3rd quarter valued at approximately $3,960,000. Finally, AQR Capital Management LLC increased its stake in HubSpot by 19.5% in the 3rd quarter. AQR Capital Management LLC now owns 35,504 shares of the software maker’s stock valued at $17,486,000 after buying an additional 5,794 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 1.4 %

Shares of NYSE:HUBS traded up $8.17 during mid-day trading on Wednesday, hitting $592.31. The stock had a trading volume of 251,501 shares, compared to its average volume of 575,512. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $30.18 billion, a PE ratio of -223.51 and a beta of 1.60. HubSpot has a 12-month low of $407.23 and a 12-month high of $693.85. The company’s 50 day moving average is $599.20 and its 200-day moving average is $604.07.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, sell-side analysts predict that HubSpot will post -0.55 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on HUBS shares. Piper Sandler decreased their target price on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Mizuho decreased their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Canaccord Genuity Group decreased their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. BMO Capital Markets decreased their target price on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Wells Fargo & Company increased their price objective on shares of HubSpot from $725.00 to $750.00 and gave the company an “overweight” rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $641.00.

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.