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

HubSpot Inc (NYSE:HUBS) saw some unusual options trading on Tuesday. Investors purchased 4,231 put options on the company. This is an increase of 1,256% compared to the typical daily volume of 312 put options.

In other news, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total value of $1,881,820.86. Following the transaction, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald S. Gill sold 4,140 shares of the business’s stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $128.15, for a total value of $530,541.00. Following the completion of the transaction, the director now directly owns 18,214 shares in the company, valued at $2,334,124.10. The disclosure for this sale can be found here. Insiders sold a total of 46,763 shares of company stock worth $6,156,940 over the last three months. 9.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Ffcm LLC bought a new stake in HubSpot during the 4th quarter worth approximately $25,000. CWM LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $40,000. First Hawaiian Bank bought a new position in shares of HubSpot in the fourth quarter valued at approximately $43,000. Mckinley Capital Management LLC Delaware bought a new position in shares of HubSpot in the fourth quarter valued at approximately $51,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of 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 acquiring an additional 385 shares in the last quarter. 93.19% of the stock is owned by hedge funds and other institutional investors.

Shares of HUBS opened at $171.87 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. The company has a market cap of $6.58 billion, a price-to-earnings ratio of -168.50 and a beta of 1.92. HubSpot has a 52 week low of $95.75 and a 52 week high of $180.00.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Analysts expect that HubSpot will post -0.97 EPS for the current year.

HUBS has been the subject of a number of research analyst reports. Bank of America boosted their target price on HubSpot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Morgan Stanley decreased their target price on HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. Royal Bank of Canada boosted their target price on HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research report on Thursday, November 8th. Oppenheimer boosted their target price on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Finally, Raymond James boosted their target price on HubSpot from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $170.29.

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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.

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