HubSpot, Inc. (NYSE:HUBS) posted its quarterly earnings data on Tuesday. The software maker reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15, Bloomberg Earnings reports. The business had revenue of $97.73 million during the quarter, compared to analyst estimates of $96.50 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company’s revenue was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share.
In related news, CFO John Kinzer sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the completion of the sale, the chief financial officer now directly owns 92,380 shares in the company, valued at $6,210,707.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $72.80, for a total transaction of $72,800.00. Following the sale, the insider now owns 66,887 shares of the company’s stock, valued at $4,869,373.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,000 shares of company stock valued at $3,425,100. 12.10% of the stock is currently owned by corporate insiders.
HUBS has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. set a $80.00 price objective on shares of HubSpot and gave the company a “buy” rating in a research report on Thursday, August 3rd. Canaccord Genuity boosted their price objective on shares of HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. UBS AG reissued a “buy” rating and issued a $84.00 price objective (up previously from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. BidaskClub lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of HubSpot in a research report on Tuesday, September 19th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average target price of $81.72.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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