HubSpot, Inc. (NYSE:HUBS) Short Interest Up 18.6% in April
by Teresa Graham · The Cerbat GemHubSpot, Inc. (NYSE:HUBS – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 3,607,730 shares, a growth of 18.6% from the March 31st total of 3,041,358 shares. Based on an average daily trading volume, of 1,833,604 shares, the days-to-cover ratio is currently 2.0 days. Currently, 7.1% of the shares of the company are sold short.
HubSpot Stock Up 8.3%
HubSpot stock traded up $18.33 on Friday, hitting $240.09. The company’s stock had a trading volume of 1,541,938 shares, compared to its average volume of 1,493,059. The firm has a market cap of $12.36 billion, a P/E ratio of 275.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.44. The company has a fifty day moving average price of $242.77 and a 200-day moving average price of $323.93. HubSpot has a one year low of $187.45 and a one year high of $682.57.
HubSpot (NYSE:HUBS – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 EPS. Analysts anticipate that HubSpot will post 3.66 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 target price on shares of HubSpot in a research report on Thursday, April 16th. Stifel Nicolaus dropped their target price on shares of HubSpot from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. KeyCorp dropped their target price on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Jefferies Financial Group dropped their target price on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Wells Fargo & Company dropped their target price on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Twenty-five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $388.07.
View Our Latest Report on HubSpot
Insiders Place Their Bets
In other news, Director Brian Halligan sold 8,292 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $230.72, for a total value of $1,913,130.24. Following the completion of the sale, the director directly owned 362,000 shares in the company, valued at approximately $83,520,640. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider directly owned 10,119 shares in the company, valued at $2,408,423.19. This trade represents a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,483 shares of company stock valued at $6,585,062 over the last 90 days. 4.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On HubSpot
Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Price T Rowe Associates Inc. MD increased its holdings in HubSpot by 36.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock valued at $1,838,727,000 after buying an additional 1,224,424 shares during the period. Capital World Investors bought a new stake in shares of HubSpot in the 4th quarter worth about $259,930,000. AQR Capital Management LLC grew its holdings in shares of HubSpot by 117.6% in the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after purchasing an additional 642,545 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of HubSpot by 32.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after purchasing an additional 476,740 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of HubSpot by 408.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 560,088 shares of the software maker’s stock worth $224,763,000 after purchasing an additional 449,864 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.