HubSpot (HUBS) to Release Earnings on Wednesday

HubSpot (NYSE:HUBS) will likely be announcing its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $2.18 per share and revenue of $673.32 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

HubSpot Stock Performance

HubSpot stock opened at $802.51 on Tuesday. The business’s 50-day simple moving average is $729.04 and its two-hundred day simple moving average is $612.33. The company has a market cap of $41.43 billion, a PE ratio of -2,972.16, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $811.79.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,112 shares of company stock worth $51,432,627 over the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of HubSpot from $810.00 to $835.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Bank of America upped their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Barclays lifted their price objective on HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Finally, Stifel Nicolaus raised their target price on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $732.88.

About HubSpot

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.