HubSpot (NYSE:HUBS) Posts Quarterly Earnings Results, Misses Estimates By $1.98 EPS

HubSpot (NYSE:HUBS) released its quarterly earnings data on Wednesday. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98), Zacks reports. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%.

HubSpot Stock Up 0.0 %

NYSE:HUBS traded up $0.39 during midday trading on Wednesday, hitting $784.84. The stock had a trading volume of 755,536 shares, compared to its average volume of 454,346. The stock has a 50-day moving average of $731.91 and a 200 day moving average of $616.53. The company has a market capitalization of $40.51 billion, a price-to-earnings ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a one year low of $434.84 and a one year high of $811.79.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HUBS. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and upped their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Royal Bank of Canada upped their target price on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Truist Financial reissued a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Stifel Nicolaus increased their price target on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $747.92.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is currently owned by company insiders.

HubSpot Company Profile

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.