HubSpot (NYSE:HUBS) released its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54, Bloomberg Earnings reports. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same period last year, the firm earned $0.12 earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis.
HUBS stock opened at $168.38 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. HubSpot has a 12 month low of $101.45 and a 12 month high of $180.00. The company has a market capitalization of $6.71 billion, a PE ratio of -165.08 and a beta of 1.92.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of HubSpot stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the completion of the sale, the insider now directly owns 1,545,145 shares in the company, valued at $257,312,996.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider J Donald Sherman sold 15,000 shares of HubSpot stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $127.08, for a total transaction of $1,906,200.00. The disclosure for this sale can be found here. Insiders sold 74,763 shares of company stock valued at $10,819,780 over the last 90 days. 9.60% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc lifted its holdings in shares of HubSpot by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock worth $2,007,000 after acquiring an additional 904 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in shares of HubSpot by 50.2% in the third quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock worth $3,735,000 after buying an additional 8,264 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of HubSpot in the third quarter worth $452,000. Columbia Partners L.L.C. Investment Management increased its stake in shares of HubSpot by 43.9% in the third quarter. Columbia Partners L.L.C. Investment Management now owns 42,292 shares of the software maker’s stock worth $6,383,000 after buying an additional 12,912 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. increased its stake in shares of HubSpot by 30.3% in the third quarter. Rothschild & Co. Asset Management US Inc. now owns 19,820 shares of the software maker’s stock worth $2,992,000 after buying an additional 4,614 shares during the period. Institutional investors and hedge funds own 95.01% of the company’s stock.
A number of research firms recently issued reports on HUBS. Stephens began coverage on shares of HubSpot in a report on Thursday, January 17th. They set an “overweight” rating and a $191.00 price objective for the company. UBS Group downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. CIBC restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Oppenheimer restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Deutsche Bank initiated coverage on shares of HubSpot in a research note on Friday, January 25th. They issued a “hold” rating and a $150.00 target price for the company. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $170.29.
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HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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