Short Interest in HubSpot, Inc. (NYSE:HUBS) Decreases By 6.8%

HubSpot, Inc. (NYSE:HUBSGet Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 804,600 shares, a decrease of 6.8% from the May 15th total of 863,100 shares. Based on an average daily volume of 654,300 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Canaccord Genuity Group lowered their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Stifel Nicolaus lowered their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Barclays lowered their target price on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Finally, Citigroup lowered their target price on HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $641.00.

View Our Latest Stock Analysis on HubSpot

HubSpot Stock Performance

NYSE:HUBS traded down $8.85 during mid-day trading on Tuesday, hitting $562.14. The stock had a trading volume of 587,886 shares, compared to its average volume of 561,114. HubSpot has a twelve month low of $407.23 and a twelve month high of $693.85. The stock has a market cap of $28.65 billion, a price-to-earnings ratio of -212.13 and a beta of 1.57. The company’s 50 day simple moving average is $613.15 and its 200 day simple moving average is $599.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07.

HubSpot (NYSE:HUBSGet Free Report) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. On average, equities research analysts forecast that HubSpot will post -0.56 earnings per share for the current year.

Insider Activity

In other news, insider Dawson Alyssa Harvey sold 192 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the transaction, the insider now owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Dawson Alyssa Harvey sold 192 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total value of $124,800.00. Following the completion of the sale, the insider now owns 10,860 shares in the company, valued at approximately $7,059,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now 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 have sold a total of 20,353 shares of company stock valued at $12,845,623 in the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently bought and sold shares of HUBS. Hsbc Holdings PLC grew its stake in shares of HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after buying an additional 2,057 shares during the last quarter. Stifel Financial Corp grew its holdings in HubSpot by 15.1% in the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after acquiring an additional 4,371 shares during the last quarter. Strs Ohio grew its holdings in HubSpot by 1,203.0% in the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after acquiring an additional 18,466 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in HubSpot by 19.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock worth $13,089,000 after acquiring an additional 3,671 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of HubSpot in the 4th quarter worth about $2,312,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

(Get Free Report)

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.

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