HubSpot (NYSE:HUBS) Announces Quarterly Earnings Results

HubSpot (NYSE:HUBS) issued its quarterly earnings data on Wednesday. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98), Zacks reports. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%.

HubSpot Price Performance

HubSpot stock traded up $0.39 during mid-day trading on Wednesday, hitting $784.84. The company’s stock had a trading volume of 766,488 shares, compared to its average volume of 457,996. HubSpot has a 52-week low of $434.84 and a 52-week high of $811.79. The firm’s 50 day moving average is $731.91 and its 200 day moving average is $616.53. The company has a market cap of $40.51 billion, a PE ratio of -2,906.71, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the transaction, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at $889,973,789.90. This represents a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock worth $51,432,627 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup lifted their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays upped their price objective on shares of HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and raised their price target for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Canaccord Genuity Group boosted their price objective on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Morgan Stanley raised their price target on shares of HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.92.

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.