HubSpot Inc ( HUBS ) shares spiked higher in early trading Thursday on reports Alphabet Inc ( GOOG ) is considering a takeover.

What To Know: Google ( GOOG ) is in talks with advisors about making a potential offer to acquire HubSpot ( HUBS ), per Reuters.

The stock was briefly halted for volatility Thursday morning. Hubspot ( HUBS ) shares continued to move higher immediately after resuming trading.

HubSpot ( HUBS ) offers a customer platform that helps businesses connect and grow. The company aims to deliver seamless connection for customer-facing teams on its platform, which includes AI-powered engagement hubs, a Smart CRM and a connected ecosystem with over 1,500 App Marketplace integrations.

HubSpot ( HUBS ) reported total revenues of $2.17 billion in 2023, up 25% compared to 2022. A large majority of the company’s revenues are subscription-based. The company anticipates full-year 2024 revenue of $2.55 billion to $2.56 billion. HubSpot ( HUBS ) had $1.7 billion in cash, equivalents and investments as of Dec. 31.

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HUBS Price Action: HubSpot ( HUBS ) shares are up approximately 17% since the start of the year. The stock was up 8.98% at $685.16 Thursday morning, according to Benzinga Pro.