Investors Buy High Volume of Put Options on HubSpot (HUBS)

HubSpot Inc (NYSE:HUBS) saw some unusual options trading activity on Thursday. Investors bought 1,254 put options on the stock. This represents an increase of approximately 981% compared to the typical volume of 116 put options.

In other news, General Counsel John P. Kelleher sold 508 shares of HubSpot stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total value of $70,378.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $128.15, for a total transaction of $530,541.00. Following the completion of the transaction, the director now owns 18,214 shares of the company’s stock, valued at approximately $2,334,124.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,763 shares of company stock valued at $6,156,940. 9.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of HUBS. Dimensional Fund Advisors LP boosted its holdings in shares of HubSpot by 46.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock valued at $6,982,000 after buying an additional 17,640 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of HubSpot by 4.0% during the 2nd quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock valued at $2,564,000 after buying an additional 782 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of HubSpot during the 2nd quarter valued at $276,000. Millennium Management LLC boosted its stake in HubSpot by 84.0% in the 2nd quarter. Millennium Management LLC now owns 52,334 shares of the software maker’s stock worth $6,563,000 after purchasing an additional 23,893 shares in the last quarter. Finally, Global X Management Co LLC bought a new position in HubSpot in the 2nd quarter worth about $172,000. 93.19% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on HUBS shares. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Deutsche Bank started coverage on shares of HubSpot in a research report on Friday, January 25th. They set a “hold” rating and a $150.00 target price for the company. Bank of America reiterated a “buy” rating and set a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. CIBC reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Jefferies Financial Group lifted their target price on shares of HubSpot to $200.00 and gave the company a “buy” rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $170.29.

Shares of NYSE HUBS traded down $0.08 during mid-day trading on Friday, hitting $166.09. The stock had a trading volume of 838,913 shares, compared to its average volume of 716,332. The company has a quick ratio of 3.15, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a market cap of $6.58 billion, a price-to-earnings ratio of -162.83 and a beta of 1.92.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Equities research analysts anticipate that HubSpot will post -0.99 earnings per share for the current year.

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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.