On Tuesday, HubSpot announced the launch of its new Slack integration, which turns conversations on the popular cloud-based collaboration tool into HubSpot CRM Tasks.
Slack, a cloud-based set of collaboration tools and services, currently has 8 million daily active users. Microsoft was reportedly interested in buying it for $8 billion in 2016. According to the privately held company, Slack is “the fastest-growing business application in history.”
Last July, HubSpot acquired Kemvi, a startup focused on using artificial intelligence (AI) and machine learning to help sales representatives deepen relationships with potential buyers.
In September, HubSpot bought Motion AI, a top visual-chatbot builder whose technology allows anyone to create chatbots on Facebook Messenger, Slack and other platforms. Chatbots are programs designed to handle interactions with online users
In each quarter of 2017, HubSpot posted triple-digit earnings growth. While those gains were based on comparisons to year-over-year quarters that showed a loss, HubSpot’s Q1 2018 numbers were not. The company posted a 400% spike in earnings growth compared with last year’s also-profitable first quarter
*pivot point it 124.55 with an agressive buy point of $120.75 if you do that kind of thing. However, its accumulation rating is poor.
I am long, and will add more on a valid breakout.