HubSpot Inc (HUBS) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $-0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $-0.15. The company posted revenue of $65.00 million in the period, compared to analysts expectations of $61.65 million. The company’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.
Many Wall Street Analysts have commented on HubSpot Inc. Stifel Initiated HubSpot Inc on Jul 19, 2016 to “Buy”, Price Target of the shares are set at $61.Company shares were Reiterated by Piper Jaffray on Jul 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 65 from a previous price target of $60 .Needham Resumed HubSpot Inc on Jun 13, 2016 to “Buy”, Price Target of the shares are set at $60.
HubSpot Inc closed down -0.63 points or -1.17% at $53.24 with 3,86,249 shares getting traded on Tusday. Post opening the session at $53.58, the shares hit an intraday low of $52.74 and an intraday high of $53.66 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 18, 2016, John P. Kelleher (General Counsel) sold 7,666 shares at $50.64 per share price. According to the SEC, on Jul 18, 2016, Dharmesh Shah (Chief Technology Officer) sold 40,000 shares at $51.00 per share price. On Jul 7, 2016, Hunter Madeley (Chief Sales Officer) sold 800 shares at $42.12 per share price, according to the Form-4 filing with the securities and exchange commission.
HubSpot Inc. (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications which include social media search engine optimization blogging Website content management marketing automation email CRM analytics and reporting. HubSpot’s platform is a multi-tenant single code-based software-as-a-service delivered through Web browsers or mobile applications. HubSpot offers applications which include Content Optimization System (COS) Search Engine Optimization (SEO) Social Inbox Marketing Automation and Email Sidekick CRM Sync HubSpot CRM and Reporting and Analytics. The Company sells three product plans which include HubSpot Basic HubSpot Pro and HubSpot Enterprise. HubSpot offers professional services and support over the phone and via Web meeting technology.