HubSpot, Inc. (NYSE:HUBS – Get Rating) – Analysts at Jefferies Financial Group cut their Q1 2023 earnings per share estimates for shares of HubSpot in a note issued to investors on Sunday, September 11th. Jefferies Financial Group analyst S. Samana now anticipates that the software maker will post earnings per share of ($0.38) for the quarter, down from their prior estimate of ($0.33). Jefferies Financial Group currently has a “Buy” rating and a $450.00 price objective on the stock. The consensus estimate for HubSpot’s current full-year earnings is ($2.13) per share. Jefferies Financial Group also issued estimates for HubSpot’s Q2 2023 earnings at ($0.36) EPS, Q3 2023 earnings at ($0.36) EPS, Q4 2023 earnings at ($0.38) EPS, FY2023 earnings at ($1.48) EPS and FY2024 earnings at ($1.73) EPS.
A number of other brokerages have also issued reports on HUBS. Oppenheimer boosted their target price on HubSpot from $350.00 to $425.00 in a research report on Monday, August 8th. Piper Sandler upped their price objective on HubSpot from $350.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Barclays cut their price objective on HubSpot from $375.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 26th. The Goldman Sachs Group cut their price objective on HubSpot from $617.00 to $444.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Finally, Wolfe Research dropped their target price on HubSpot from $400.00 to $370.00 and set an “outperform” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $523.92.
HubSpot Stock Down 0.1 %
HubSpot (NYSE:HUBS – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The software maker reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.16). The business had revenue of $421.76 million during the quarter, compared to analyst estimates of $409.67 million. HubSpot had a negative net margin of 6.28% and a negative return on equity of 9.89%.
Insider Buying and Selling
In other HubSpot news, CFO Kathryn Bueker sold 200 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $400.00, for a total value of $80,000.00. Following the completion of the transaction, the chief financial officer now directly owns 36,577 shares of the company’s stock, valued at $14,630,800. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $300.18, for a total transaction of $2,551,530.00. Following the completion of the transaction, the insider now directly owns 684,851 shares of the company’s stock, valued at approximately $205,578,573.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $400.00, for a total transaction of $80,000.00. Following the transaction, the chief financial officer now directly owns 36,577 shares of the company’s stock, valued at $14,630,800. The disclosure for this sale can be found here. Insiders sold 17,200 shares of company stock valued at $5,004,730 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of HUBS. Durable Capital Partners LP purchased a new position in shares of HubSpot during the 1st quarter worth approximately $283,913,000. Norges Bank acquired a new stake in HubSpot during the fourth quarter worth approximately $261,886,000. Clearbridge Investments LLC boosted its position in HubSpot by 33.6% during the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after acquiring an additional 284,039 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in HubSpot during the second quarter worth approximately $53,395,000. Finally, Goldman Sachs Group Inc. boosted its position in HubSpot by 21.2% during the second quarter. Goldman Sachs Group Inc. now owns 793,615 shares of the software maker’s stock worth $238,600,000 after acquiring an additional 139,047 shares during the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.
HubSpot Company Profile
HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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