HubSpot, Inc. (NYSE:HUBS) Short Interest Up 5.6% in January

HubSpot, Inc. (NYSE:HUBS - Get Free Report) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,020,000 shares, an increase of 5.6% from the December 31st total of 965,600 shares. Based on an average daily volume of 458,500 shares, the short-interest ratio is presently 2.2 days.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 3,057 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company's stock, valued at $28,881,300. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its stake in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after acquiring an additional 15 shares in the last quarter. Compass Capital Corp MA ADV acquired a new stake in shares of HubSpot during the fourth quarter worth about $291,000. Handelsbanken Fonder AB increased its holdings in shares of HubSpot by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 16,531 shares of the software maker's stock valued at $11,518,000 after acquiring an additional 458 shares during the period. Ieq Capital LLC raised its holdings in shares of HubSpot by 336.3% in the fourth quarter. Ieq Capital LLC now owns 9,459 shares of the software maker's stock valued at $6,591,000 after buying an additional 7,291 shares during the last quarter. Finally, Private Wealth Partners LLC purchased a new stake in shares of HubSpot during the fourth quarter worth approximately $209,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

NYSE HUBS traded down $14.14 during mid-day trading on Monday, hitting $765.39. The stock had a trading volume of 445,893 shares, compared to its average volume of 442,642. The firm's 50 day moving average is $724.40 and its 200 day moving average is $602.09. The stock has a market capitalization of $39.51 billion, a price-to-earnings ratio of -2,834.66, a PEG ratio of 44.02 and a beta of 1.72. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the company posted ($0.04) EPS. The business's revenue was up 20.1% on a year-over-year basis. As a group, equities research analysts expect that HubSpot will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. Canaccord Genuity Group boosted their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a "buy" rating and issued a $730.00 price objective on shares of HubSpot in a report on Thursday, November 7th. TD Cowen downgraded HubSpot from a "buy" rating to a "hold" rating and upped their target price for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Jefferies Financial Group lifted their price target on HubSpot from $860.00 to $900.00 and gave the company a "buy" rating in a research report on Monday. Finally, Piper Sandler lowered HubSpot from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $731.83.

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.