HubSpot, Inc. (NYSE:HUBS – Free Report) – Research analysts at Scotiabank boosted their FY2024 earnings estimates for shares of HubSpot in a report released on Wednesday, January 8th. Scotiabank analyst N. Altmann now anticipates that the software maker will post earnings of $0.39 per share for the year, up from their prior estimate of ($0.05). Scotiabank has a “Sector Outperform” rating and a $825.00 price objective on the stock. The consensus estimate for HubSpot’s current full-year earnings is $0.40 per share. Scotiabank also issued estimates for HubSpot’s FY2025 earnings at $0.83 EPS.
HubSpot (NYSE:HUBS – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis.
View Our Latest Stock Analysis on HubSpot
HubSpot Stock Performance
Shares of NYSE:HUBS opened at $702.78 on Monday. The firm has a market capitalization of $36.28 billion, a P/E ratio of -2,602.79, a P/E/G ratio of 87.75 and a beta of 1.70. The stock has a 50 day moving average price of $708.82 and a 200-day moving average price of $583.45. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47.
Insider Buying and Selling at HubSpot
In other news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $28,881,300. This represents a 9.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,066 shares of company stock worth $54,900,427. Insiders own 4.50% of the company’s stock.
Hedge Funds Weigh In On HubSpot
A number of institutional investors have recently bought and sold shares of HUBS. HM Payson & Co. grew its holdings in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Pallas Capital Advisors LLC increased its holdings in HubSpot by 1.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after acquiring an additional 21 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in HubSpot by 2.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after acquiring an additional 26 shares in the last quarter. V Square Quantitative Management LLC raised its stake in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after acquiring an additional 27 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than HubSpot
- What Are Dividend Champions? How to Invest in the Champions
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- Investing In Preferred Stock vs. Common Stock
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Short Selling – The Pros and Cons
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.