On Friday, shares of customer relationship management (CRM) platform HubSpot (NYSE:HUBS) traded sharply higher, surging as much as 11.5%, driven by relatively healthy fourth-quarter 2021 results.

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Quarterly revenues for the company increased 46.5% year-over-year to $369.3 million, surpassing consensus estimates of $357.47 million.

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Some investors have feared that the influx of customers that HubSpot has seen might slow as the rush of traffic created by the COVID-19 pandemic started to ebb. However, the company's most recent metrics didn't confirm those fears as Non-GAAP net income rose to $92.5 million while HubSpot's customer metrics climbed to 135,442, up 30% year over year.

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Subscription revenues were up 46.8% year-over-year and accounted for over 97% of the total quarterly revenue, with quarterly operating margin improving from 9.8% in the previous year to 10.3%.

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GUIDANCE

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Investors were also pleased with HubSpot's guidance which called for first-quarter 2022 revenues in the range of $381 million to $383 million and revenues between $1.72 billion and $1.73 billion for the full year.

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Adjusted earnings of $2.34 to $2.42 per share would confirm that HubSpot still has the power to keep expanding over the coming year and beyond.

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"I am incredibly proud of how the HubSpot team was able to adapt and execute in 2021 to deliver a truly exceptional year... 2022 will be a year of sustained focus and consistency as we continue to invest in those priorities." - CEO Yamini Rangan, HubSpot

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WHAT'S NEW

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Last week, PartnerStack announced it is now listed in the HubSpot App Marketplace. PartnerStack offers a seamless integration with HubSpot using a simple drag-and-drop editor and allows for data sharing and mapping.  

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PartnerStack is the only partner platform specifically designed for B2B SaaS channel teams that enables small and medium-sized businesses to build and scale affiliate, referral, and reseller partner programs quickly and sustainably.

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PRICE TARGET:  Consensus among analysts is a Strong Buy based on 10 Buys and 1 Hold. The average HubSpot price target of $752.55 implies an upside potential of 40.8% from current levels. Over the past year, shares have gained 23.8%.

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To invest in HubSpot's stock visit MEXEM.

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