HubSpot (NYSE:HUBS) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.08-1.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. The company issued revenue guidance of $648-652 million, compared to the consensus revenue estimate of $636.56 million.HubSpot also updated its Q1 2019 guidance to $0.23-0.25 EPS.
A number of brokerages recently issued reports on HUBS. Bank of America boosted their target price on shares of HubSpot to $160.00 and gave the stock a buy rating in a research report on Wednesday, October 17th. Royal Bank of Canada boosted their price target on shares of HubSpot from $138.00 to $147.00 and gave the company a sector perform rating in a report on Thursday, November 8th. Zacks Investment Research reissued a hold rating on shares of HubSpot in a report on Tuesday, November 13th. Oppenheimer reissued a market perform rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Morgan Stanley boosted their price target on shares of HubSpot from $141.00 to $146.00 and gave the company an equal weight rating in a report on Thursday, November 8th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $153.35.
HubSpot stock traded up $4.37 on Tuesday, hitting $172.00. The company’s stock had a trading volume of 921,332 shares, compared to its average volume of 610,291. The firm has a market capitalization of $6.58 billion, a PE ratio of -168.63 and a beta of 1.92. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. HubSpot has a one year low of $95.56 and a one year high of $172.54.
In other news, CEO Brian Halligan sold 15,277 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the sale, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dharmesh Shah sold 27,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $125.50, for a total transaction of $3,388,500.00. The disclosure for this sale can be found here. Insiders sold a total of 69,630 shares of company stock worth $8,855,559 in the last three months. Insiders own 9.60% of the company’s stock.
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About HubSpot
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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