Customer GrowthThe company continues to add net new customers at a robust clip, adding approximately 11,000 new customers each of the last two quarters compared to 8,000-9,000 previously.
Market PositionHUBS has successfully transitioned from an SMB marketing automation tool to a mid-market CRM platform and is well-positioned to continue to grow share in a large and still-expanding CRM market.
ValuationShares are currently trading at a multiple below the 1-year, 3-year, 5-year, and 10-year averages for HUBS, presenting a particularly attractive entry point.