HubSpot, Inc. (NYSE:HUBS) Short Interest Down 11.4% in November

HubSpot, Inc. (NYSE:HUBS) was the recipient of a large decline in short interest in the month of 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 trading volume of 486,500 shares, the short-interest ratio is currently 2.0 days.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,390 shares of company stock valued at $29,126,596. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GDS Wealth Management acquired a new stake in shares of HubSpot in the third quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the 3rd quarter worth approximately $624,000. Icon Wealth Advisors LLC boosted its position in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of HubSpot in the 2nd quarter valued at about $3,135,000. Finally, Curi RMB Capital LLC increased its holdings in HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after buying an additional 937 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Down 0.7 %

Shares of HUBS traded down $5.28 during mid-day trading on Tuesday, hitting $741.63. 611,979 shares of the company traded hands, compared to its average volume of 586,440. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47. The business has a 50 day moving average of $646.48 and a 200 day moving average of $566.02. The company has a market capitalization of $38.29 billion, a PE ratio of -2,746.78, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s quarterly 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. As a group, research analysts expect that HubSpot will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on HUBS shares. Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America increased their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday. UBS Group boosted their target price on shares of HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating 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 investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.