New Mexico Educational Retirement Board Buys New Holdings in HubSpot, Inc. $HUBS

New Mexico Educational Retirement Board bought a new position in HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, HoldingsChannel reports. The fund bought 10,500 shares of the software maker’s stock, valued at approximately $2,152,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its holdings in HubSpot by 20.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 2,983 shares of the software maker’s stock worth $611,000 after acquiring an additional 512 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of HubSpot in the third quarter valued at about $524,000. Jefferies Financial Group Inc. increased its position in shares of HubSpot by 395.6% in the third quarter. Jefferies Financial Group Inc. now owns 33,742 shares of the software maker’s stock valued at $6,916,000 after acquiring an additional 26,933 shares during the period. Machina Capital S.A.S. raised its stake in shares of HubSpot by 92.1% during the third quarter. Machina Capital S.A.S. now owns 4,308 shares of the software maker’s stock valued at $883,000 after acquiring an additional 2,066 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of HubSpot by 92.7% during the third quarter. Illinois Municipal Retirement Fund now owns 12,881 shares of the software maker’s stock valued at $2,640,000 after acquiring an additional 6,197 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Up 2.8%

Shares of HUBS opened at $202.60 on Thursday. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year high of $406.94. The firm’s 50-day moving average price is $228.74 and its 200-day moving average price is $228.20. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 1.88 and a beta of 1.14.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.54. HubSpot had a net margin of 5.95% and a return on equity of 12.18%. The company had revenue of $947.57 million during the quarter, compared to the consensus estimate of $925.50 million. During the same period in the prior year, the firm earned $2.66 earnings per share. HubSpot’s revenue was up 17.1% on a year-over-year basis. On average, research analysts forecast that HubSpot, Inc. will post 5.12 EPS for the current fiscal year.

Key Stories Impacting HubSpot

These are some of the HUBS stories that stood out recently:

• Positive Sentiment: KeyCorp raised its FY2026 and FY2027 EPS forecasts to $5.11 and $7.53, respectively, from $4.60 and $6.46. HubSpot’s latest reported quarter also beat consensus EPS and revenue estimates, with revenue up 17.1% year over year. KeyCorp estimate updates
• Positive Sentiment: HubSpot completed $1 billion in share repurchases over 24 months, returning capital to shareholders and potentially supporting per-share results. HubSpot completed a $1 billion share repurchase
• Neutral Sentiment: Zacks characterized HUBS as a strong value stock, although the article provides no specific price target in the supplied summary. Another Zacks piece compares HubSpot with Braze, leaving the relative-value conclusion unclear. Zacks on HubSpot value

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Capital One Financial cut HubSpot from an “overweight” rating to an “equal weight” rating and set a $206.00 target price on the stock. in a research note on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of HubSpot in a report on Tuesday, October 6th. Stephens upped their price target on HubSpot from $251.00 to $255.00 and gave the company an “equal weight” rating in a research report on Monday, September 21st. BTIG Research lowered HubSpot from a “buy” rating to a “neutral” rating in a research report on Thursday, November 5th. Finally, Stifel Nicolaus increased their price objective on HubSpot from $200.00 to $225.00 and gave the stock a “hold” rating in a report on Friday, September 11th. Eight analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $251.23.

Insider Buying and Selling

In related news, insider Erika Fisher sold 702 shares of HubSpot stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total transaction of $159,859.44. Following the sale, the insider directly owned 12,829 shares in the company, valued at $2,921,419.88. The trade was a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total value of $2,036,345.00. Following the sale, the director owned 59,500 shares in the company, valued at $14,254,415. This represents a 12.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,202 shares of company stock worth $6,149,894 in the last quarter. Company insiders own 3.70% of the company’s stock.

About HubSpot

HubSpot, Inc. develops cloud-based customer relationship management software designed to help businesses attract and engage customers, manage sales, and provide customer support. Founded in 2006 by Brian Halligan and Dharmesh Shah, the company helped popularize inbound marketing, an approach focused on drawing customers in with useful content and experiences. Its platform combines a central CRM with products for marketing, sales, customer service, content management, operations, and commerce. HubSpot also offers automation, analytics, and artificial intelligence features to help organizations manage customer interactions and coordinate business processes.