HubSpot Sees Unusually Large Options Volume (HUBS)

HubSpot Inc (NYSE:HUBS) was the target of unusually large options trading activity on Thursday. Stock traders bought 1,254 put options on the company. This is an increase of approximately 981% compared to the typical volume of 116 put options.

A number of equities research analysts recently commented on the stock. Bank of America reiterated a “buy” rating and set a $185.00 price target (up from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. UBS Group lowered shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. Oppenheimer reaffirmed a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Monday. Finally, CIBC reaffirmed a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $152.82.

HUBS stock opened at $158.31 on Friday. HubSpot has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $5.97 billion, a P/E ratio of -155.21 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business had revenue of $131.83 million during the quarter, compared to analysts’ expectations of $126.65 million. During the same period last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. Analysts predict that HubSpot will post -0.97 earnings per share for the current year.

In other news, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total value of $70,378.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hunter Madeley sold 1,199 shares of the business’s stock in a transaction that occurred on Monday, January 14th. The stock was sold at an average price of $137.13, for a total transaction of $164,418.87. Following the completion of the sale, the insider now owns 35,526 shares of the company’s stock, valued at $4,871,680.38. The disclosure for this sale can be found here. In the last three months, insiders sold 72,376 shares of company stock valued at $9,180,482. Corporate insiders own 9.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. CWM LLC purchased a new position in HubSpot in the fourth quarter valued at about $40,000. First Hawaiian Bank purchased a new position in HubSpot in the fourth quarter valued at about $43,000. DekaBank Deutsche Girozentrale grew its stake in HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares during the last quarter. Penserra Capital Management LLC purchased a new position in HubSpot in the third quarter valued at about $160,000. Finally, Global X Management Co LLC purchased a new position in HubSpot in the second quarter valued at about $172,000. Hedge funds and other institutional investors own 93.62% of the company’s stock.

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HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.