HubSpot (NYSE:HUBS) Stock Price Up 7.6% – Here’s Why

HubSpot, Inc. (NYSE:HUBS)’s stock price was up 7.6% during mid-day trading on Thursday. The stock traded as high as $237.45 and last traded at $243.3270. 123,866 shares were traded during trading, a decline of 93% from the average session volume of 1,764,075 shares. The stock had previously closed at $226.23.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUBS. Canaccord Genuity Group cut their price target on HubSpot from $335.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wells Fargo & Company lowered HubSpot from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 6th. Capital One Financial set a $206.00 price objective on HubSpot and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Bank of America restated an “underperform” rating and issued a $200.00 target price on shares of HubSpot in a research note on Thursday, August 6th. Finally, TD Cowen reduced their target price on HubSpot from $285.00 to $260.00 and set a “hold” rating for the company in a report on Friday, September 18th. Twelve equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of “Hold” and an average target price of $264.97.

HubSpot Stock Performance

The firm has a market capitalization of $11.95 billion, a PE ratio of 84.78, a PEG ratio of 2.29 and a beta of 1.24. The company’s 50 day simple moving average is $228.93 and its 200-day simple moving average is $217.64.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.24. The firm had revenue of $911.74 million during the quarter, compared to analyst estimates of $898.31 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts forecast that HubSpot, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, Director Gerald Dischler acquired 925 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $215.93 per share, with a total value of $199,735.25. Following the completion of the purchase, the director owned 1,940 shares of the company’s stock, valued at approximately $418,904.20. This represents a 91.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $245.64, for a total value of $2,087,940.00. Following the transaction, the director owned 68,000 shares of the company’s stock, valued at approximately $16,703,520. The trade was a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,202 shares of company stock worth $5,998,079. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of HubSpot

A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of HubSpot in the second quarter worth approximately $631,386,000. Pictet Asset Management Holding SA lifted its position in HubSpot by 13.1% during the first quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker’s stock valued at $533,993,000 after purchasing an additional 252,604 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in HubSpot by 352.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock valued at $220,559,000 after purchasing an additional 703,706 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in HubSpot during the second quarter valued at approximately $112,671,000. Finally, Amundi grew its stake in HubSpot by 33.4% in the 1st quarter. Amundi now owns 586,037 shares of the software maker’s stock worth $143,052,000 after buying an additional 146,871 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc develops customer relationship management (CRM) software and related tools designed to help businesses attract, engage and retain customers. Its cloud-based platform brings together marketing, sales, customer service, content management, operations and commerce capabilities, allowing organizations to manage customer interactions across the business.

The company’s products include tools for marketing automation, email marketing, lead generation, sales pipeline management, customer support, website and content management, analytics, payments and business operations.