HubSpot, Inc. (HUBS) Sets New 1-Year High Following Earnings Beat

HubSpot, Inc. (NYSE:HUBS) reached a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $86.95 and last traded at $86.90, with a volume of 114,238 shares traded. The stock had previously closed at $85.45.

The software maker reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.15. The firm had revenue of $97.73 million during the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. HubSpot’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share.

HUBS has been the subject of several research reports. BidaskClub raised HubSpot from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. TheStreet raised HubSpot from a “d” rating to a “c-” rating in a research report on Monday, October 9th. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Summit Redstone reaffirmed a “hold” rating on shares of HubSpot in a research report on Thursday, August 3rd. Finally, UBS AG reaffirmed an “outperform” rating and issued a $82.00 target price (up from $80.00) on shares of HubSpot in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and a consensus target price of $81.83.

In other news, CFO John Kinzer sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $67.23, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dharmesh Shah sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the insider now owns 1,716,316 shares of the company’s stock, valued at $126,320,857.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,000 shares of company stock valued at $3,425,100. 12.10% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. ETF Managers Group LLC acquired a new stake in shares of HubSpot in the second quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of HubSpot by 136.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after buying an additional 994 shares in the last quarter. Sei Investments Co. increased its stake in shares of HubSpot by 41.3% in the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after buying an additional 631 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of HubSpot by 168.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker’s stock valued at $191,000 after buying an additional 1,823 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of HubSpot by 18.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after buying an additional 462 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

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HubSpot Company Profile

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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