HubSpot (HUBS) Scheduled to Post Quarterly Earnings on Wednesday

HubSpot (NYSE:HUBS) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect HubSpot to post earnings of $1.89 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same period last year, the firm posted ($1.17) EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis.

HubSpot Trading Up 1.0 %

NYSE:HUBS opened at $563.58 on Wednesday. The firm has a 50-day moving average price of $520.74 and a two-hundred day moving average price of $548.17. HubSpot has a twelve month low of $408.62 and a twelve month high of $693.85. The company has a market capitalization of $28.72 billion, a P/E ratio of -212.67, a price-to-earnings-growth ratio of 7,068.33 and a beta of 1.64.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $21,695,632.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,321 shares of company stock valued at $3,374,089 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $625.00 target price on shares of HubSpot in a report on Thursday, September 19th. Piper Sandler restated an “overweight” rating and set a $570.00 target price on shares of HubSpot in a report on Thursday, September 19th. Stifel Nicolaus raised their target price on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Monday, October 14th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $614.33.

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.