$ 295.80 million in expected sales for HubSpot, Inc. (NYSE: HUBS) this quarter
Stock analysts expect HubSpot, Inc. (NYSE: HUBS) to achieve $ 295.80 million in revenue for the current fiscal quarter, Zacks reports. Ten analysts have released earnings estimates for HubSpot. The highest sales estimate is $ 297.00 million and the lowest is $ 295.00 million. HubSpot recorded sales of $ 203.61 million in the same quarter of last year, which would indicate a positive growth rate of 45.3% year-over-year. The company is expected to release its next quarterly results on Wednesday August 4.
On average, analysts expect HubSpot to report annual revenue of $ 1.24 billion for the current fiscal year, with estimates ranging from $ 1.17 billion to $ 1.25 billion. dollars. For next year, analysts predict the company will have sales of $ 1.57 billion, with estimates ranging from $ 1.45 billion to $ 1.67 billion. Zacks’ sales calculations are an average based on a survey of sales-side research companies that provide coverage for HubSpot.
Several brokerages recently commented on HUBS. Mizuho raised his target price on HubSpot shares from $ 525.00 to $ 570.00 in a research report on Thursday, May 6. Wolfe Research began covering shares of HubSpot in a research report on Wednesday, April 28. They set an “outperformance” rating and a price target of $ 650.00 for the company. Bank of America reiterated a “buy” note and set a price target of $ 600.00 on HubSpot shares in a research report on Wednesday, April 14. Jefferies Financial Group raised its price target on HubSpot shares from $ 525.00 to $ 600.00 in a research report on Thursday, May 6. Finally, Piper Sandler raised her price target on HubSpot’s stock from $ 600.00 to $ 615.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6. Seventeen equity research analysts rated the stock with a buy rating and one issued a strong buy rating for the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $ 525.92.
NYSE Shares: HUBS opened at $ 504.38 on Tuesday. The company has a 50-day moving average of $ 514.27 and a 200-day moving average of $ 447.98. The stock has a market cap of $ 23.57 billion, a PE ratio of -252.19 and a beta of 1.72. The company has a current ratio of 2.84, a quick ratio of 2.84, and a debt ratio of 0.56. HubSpot has a 12-month low of $ 190.87 and a 12-month high of $ 574.83.
Meanwhile, technical director Dharmesh Shah sold 18,000 shares of the company in a transaction on Monday May 17th. The shares were sold for an average price of $ 485.50, for a total value of $ 8,739,000.00. As a result of the sale, the CTO now directly owns 1,542,891 shares of the company, valued at approximately $ 749,073,580.50. The transaction was disclosed in a legal deposit with the SEC, which is available on the SEC’s website. In addition, CEO Brian Halligan sold 8,500 shares of the company’s stock in a trade on Tuesday, May 18. The shares were sold for an average price of $ 484.56, for a total transaction of $ 4,118,760.00. Following the completion of the sale, the CEO now directly owns 635,784 shares of the company, valued at $ 308,075,495.04. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 46,806 shares of the company valued at $ 22,726,953. Insiders hold 8.30% of the shares of the company.
A number of hedge funds and other institutional investors have recently changed their holdings of equities. O Shaughnessy Asset Management LLC increased its stake in HubSpot by 4.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 531 shares of the software maker valued at $ 241,000 after acquiring 22 additional shares in the last quarter. Parallel Advisors LLC increased its stake in HubSpot by 8.6% in the first quarter. Parallel Advisors LLC now owns 290 shares of the software maker valued at $ 132,000 after acquiring 23 additional shares in the last quarter. Signaturefd LLC increased its stake in HubSpot by 21.4% in the fourth quarter. Signaturefd LLC now owns 136 shares of the software maker valued at $ 54,000 after acquiring 24 additional shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in HubSpot by 8.6% in the first quarter. Harvest Fund Management Co. Ltd. now owns 377 shares of the software maker valued at $ 164,000 after acquiring 30 more shares in the last quarter. Finally, OneAscent Wealth Management LLC increased its stake in HubSpot by 2.7% during the first quarter. OneAscent Wealth Management LLC now owns 1,181 shares of the software maker valued at $ 536,000 after acquiring 31 additional shares in the last quarter. 90.32% of the shares are currently held by institutional investors and hedge funds.
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and 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, site content management Web, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and help desk tools, NPS customer surveys, analytics and reports.
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