HubSpot (NYSE:HUBS) Releases Q4 2024 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.180-2.200 for the period, compared to the consensus earnings per share estimate of 2.180. The company issued revenue guidance of $672.0 million-$674.0 million, compared to the consensus revenue estimate of $669.5 million. HubSpot also updated its FY 2024 guidance to 7.980-8.000 EPS.

HubSpot Price Performance

HUBS stock traded up $19.45 during midday trading on Wednesday, hitting $597.73. The stock had a trading volume of 886,667 shares, compared to its average volume of 356,151. The business has a fifty day moving average price of $529.41 and a two-hundred day moving average price of $545.99. HubSpot has a 1-year low of $413.07 and a 1-year high of $693.85.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUBS. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Monday, October 14th. Wells Fargo & Company dropped their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Oppenheimer reissued an “outperform” rating and set a $625.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $614.33.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 1,507 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $792,440.88. Following the completion of the transaction, the chief executive officer now owns 62,668 shares of the company’s stock, valued at $32,953,341.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,937 shares of company stock valued at $3,194,673 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.