HubSpot (HUBS) Set to Announce Quarterly Earnings on Wednesday

HubSpot (NYSE:HUBS - Get Free Report) is scheduled to be releasing 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 interested in registering for the company's earnings conference call can do so using this link.

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

HubSpot Stock Performance

Shares of HubSpot stock traded up $3.88 on Wednesday, hitting $567.09. The stock had a trading volume of 30,045 shares, compared to its average volume of 588,027. The stock has a 50 day moving average of $520.74 and a 200 day moving average of $548.17. HubSpot has a twelve month low of $408.62 and a twelve month high of $693.85. The firm has a market capitalization of $28.90 billion, a P/E ratio of -212.67, a PEG ratio of 7,068.33 and a beta of 1.64.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,136 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,321 shares of company stock valued at $3,374,089. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on HUBS. Raymond James lowered their price objective on HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Piper Sandler reaffirmed an "overweight" rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Royal Bank of Canada reissued an "outperform" rating and set a $700.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Finally, Oppenheimer reissued an "outperform" rating and set a $625.00 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $614.33.

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.