HubSpot Inc(NYSE:HUBS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $64.97M. Analysts estimated a revenue of $61.66M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.15.
In a different note, Stifel Nicolaus said it Initiates Coverage on HubSpot Inc, according to a research note issued on Jul 19, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 14, 2016, Morgan Stanley said it Maintains its rating on HubSpot Inc. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Overweight’ by the firm. RBC Capital said it Initiates Coverage on HubSpot Inc, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Outperform’ by the firm. William Blair said it Initiates Coverage on HubSpot Inc, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Outperform’ by the firm. Piper Jaffray said it Initiates Coverage on HubSpot Inc, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Overweight’ by the firm.
HubSpot Inc (HUBS) shares turned negative on Fridays trading session with the shares closing down -0.15 points or -0.25% at a volume of 1,52,614. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $59.5. The peak price level was also seen at $59.5 while the days lowest was $58.81. Finally the shares closed at $59.01. The 52-week high of the shares is $60.11 while the 52-week low is $27. According to the latest information available, the market cap of the company is $2,086 M.
Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, John P. Kelleher (General Counsel) sold 7,666 shares at $50.64 per share price.Also, 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.