VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in HubSpot, Inc. $HUBS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the 2nd quarter, HoldingsChannel reports. The fund purchased 58,488 shares of the software maker’s stock, valued at approximately $10,675,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in HubSpot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock valued at $388,917,000 after purchasing an additional 14,159 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of HubSpot by 135.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 226,818 shares of the software maker’s stock worth $41,397,000 after buying an additional 130,433 shares during the last quarter. Havemeyer Place LP purchased a new stake in shares of HubSpot during the 4th quarter valued at $2,044,000. Forsta AP Fonden raised its position in HubSpot by 28.2% during the fourth quarter. Forsta AP Fonden now owns 24,620 shares of the software maker’s stock valued at $9,880,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co grew its position in HubSpot by 107.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 34,979 shares of the software maker’s stock valued at $14,037,000 after acquiring an additional 18,100 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 2.8%

Shares of HubSpot stock opened at $240.67 on Wednesday. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $525.51. The company’s 50 day moving average is $226.40 and its 200 day moving average is $224.43. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 85.04, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.24. The business had revenue of $911.74 million during the quarter, compared to the consensus estimate of $898.31 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.19 EPS. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Sell-side analysts expect that HubSpot, Inc. will post 4.55 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Erika Fisher sold 702 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total transaction of $165,124.44. Following the completion of the sale, the insider owned 14,581 shares of the company’s stock, valued at $3,429,742.82. This represents a 4.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the completion of the transaction, the director directly owned 85,000 shares in the company, valued at approximately $18,792,650. The trade was a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,202 shares of company stock valued at $5,477,709. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on HUBS. Sanford C. Bernstein lowered HubSpot from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $381.00 to $220.00 in a research report on Thursday, August 6th. BTIG Research lowered their price objective on shares of HubSpot from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen cut HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. The Goldman Sachs Group set a $276.00 target price on shares of HubSpot in a report on Thursday, August 6th. Finally, Barclays lowered their price target on shares of HubSpot from $270.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $271.07.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.