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

HubSpot, Inc. (NYSE:HUBS - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 992,000 shares, a growth of 35.0% from the February 28th total of 734,800 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 533,100 shares, the short-interest ratio is presently 1.9 days.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,382 shares of company stock valued at $13,415,657. Insiders own 4.50% of the company's stock.

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Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently bought and sold shares of HUBS. Norges Bank bought a new position in HubSpot during the 4th quarter worth approximately $420,345,000. Wellington Management Group LLP raised its position in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after acquiring an additional 480,796 shares in the last quarter. Raymond James Financial Inc. bought a new position in HubSpot during the fourth quarter worth $157,019,000. Wealthfront Advisers LLC lifted its position in shares of HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after buying an additional 129,357 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of HubSpot during the 4th quarter valued at about $79,135,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HUBS. Citigroup boosted their price target on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price for the company in a research note on Thursday, February 13th. Raymond James boosted their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Sanford C. Bernstein began coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target on the stock. Finally, StockNews.com downgraded HubSpot from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $848.58.

HubSpot Stock Performance

Shares of HUBS stock traded down $27.00 during mid-day trading on Friday, reaching $500.79. 1,393,357 shares of the company were exchanged, compared to its average volume of 615,677. The business's 50 day simple moving average is $692.86 and its 200 day simple moving average is $659.92. The company has a market capitalization of $26.12 billion, a P/E ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, analysts forecast that HubSpot will post 1.01 EPS for the current year.

HubSpot Company Profile

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.