Analysts expect HubSpot, Inc. (NYSE:HUBS) to report sales of $95.96 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for HubSpot’s earnings, with estimates ranging from $92.90 million to $96.90 million. HubSpot reported sales of $70.59 million in the same quarter last year, which indicates a positive year over year growth rate of 35.9%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that HubSpot will report full year sales of $95.96 million for the current fiscal year, with estimates ranging from $363.06 million to $370.25 million. For the next financial year, analysts anticipate that the business will post sales of $460.05 million per share, with estimates ranging from $441.22 million to $475.56 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for HubSpot.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The firm had revenue of $89.10 million for the quarter, compared to the consensus estimate of $85.80 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year.

Several analysts have recently commented on the company. TheStreet raised HubSpot from a “d” rating to a “c-” rating in a research report on Monday, October 9th. UBS AG reissued a “buy” rating and set a $84.00 price objective (up previously from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $82.00 price objective on shares of HubSpot in a research report on Wednesday, September 27th. Cowen and Company reissued a “market perform” rating and set a $69.00 price objective (up previously from $63.00) on shares of HubSpot in a research report on Friday, August 4th. Finally, Canaccord Genuity reissued a “buy” rating and set a $83.00 price objective on shares of HubSpot in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $79.47.

In related news, insider Hunter Madeley sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $72.77, for a total transaction of $1,164,320.00. Following the transaction, the insider now directly owns 84,549 shares in the company, valued at $6,152,630.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Kinzer sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $67.23, for a total value of $1,008,450.00. Following the transaction, the chief financial officer now owns 92,380 shares in the company, valued at $6,210,707.40. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock worth $4,589,420 over the last 90 days. Corporate insiders own 12.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Point72 Asia Hong Kong Ltd boosted its holdings in HubSpot by 153.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,032 shares in the last quarter. ETF Managers Group LLC acquired a new stake in HubSpot during the second quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in HubSpot by 136.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after purchasing an additional 994 shares in the last quarter. Sei Investments Co. boosted its holdings in HubSpot by 41.3% during the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after purchasing an additional 631 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in HubSpot during the first quarter valued at approximately $151,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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HubSpot (NYSE HUBS) opened at 83.65 on Thursday. The company’s 50-day moving average price is $78.06 and its 200 day moving average price is $70.93. The stock’s market capitalization is $3.10 billion. HubSpot has a 52-week low of $44.90 and a 52-week high of $86.90.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

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