10,329 Shares of HubSpot, Inc. $HUBS Purchased by Oregon Public Employees Retirement Fund

Key Points

• Oregon Public Employees Retirement Fund acquired 10,329 HubSpot shares in the third quarter, worth about $2.12 million. Institutional investors collectively own 90.39% of the company’s stock.
• HubSpot’s third-quarter revenue increased 17.1% year over year to $947.6 million, while adjusted EPS of $3.81 exceeded analyst expectations; the company also raised its full-year outlook.
• Despite the quarterly beat, Q4 revenue guidance fell short of expectations, and several analysts cut ratings or price targets. The consensus rating was Hold, with an average target price of $257.65.

Oregon Public Employees Retirement Fund acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,329 shares of the software maker's stock, valued at approximately $2,117,000.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of HubSpot in the second quarter valued at approximately $631,386,000. 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 worth $220,559,000 after buying an additional 703,706 shares in the last quarter. Amundi lifted its position in HubSpot by 33.4% during the first 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. Connor Clark & Lunn Investment Management Ltd. acquired a new position in HubSpot during the second quarter worth $112,671,000. Finally, Spyglass Capital Management LLC boosted its stake in HubSpot by 18.5% during the first quarter. Spyglass Capital Management LLC now owns 313,922 shares of the software maker's stock worth $76,628,000 after buying an additional 48,993 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Erika Fisher sold 702 shares of the business's stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $227.72, for a total value of $159,859.44. Following the sale, the insider directly owned 12,829 shares in the company, valued at approximately $2,921,419.88. The trade was a 5.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total transaction of $2,036,345.00. Following the completion of the sale, the director owned 59,500 shares in the company, valued at approximately $14,254,415. This trade represents a 12.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,202 shares of company stock valued at $6,149,894 in the last quarter. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group set a $276.00 target price on HubSpot in a report on Thursday, August 6th. Weiss Ratings upgraded HubSpot from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, October 2nd. Sanford C. Bernstein cut shares of HubSpot from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $381.00 to $220.00 in a research report on Thursday, August 6th. UBS Group reissued a "hold" rating on shares of HubSpot in a report on Thursday. Finally, KeyCorp lowered shares of HubSpot from an "overweight" rating to a "sector weight" rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, HubSpot presently has an average rating of "Hold" and a consensus target price of $257.65.

HubSpot News Roundup

Here are the key news stories impacting HubSpot this week:

• Positive Sentiment: Q3 revenue rose 17.1% year over year to $947.6 million, adjusted EPS of $3.81 topped estimates, and HubSpot added 5,300 net customers. The company also raised its full-year 2026 outlook. HubSpot: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Insider Erika Fisher sold 702 shares for about $160,000, reducing her direct stake by 5.19%; she retained 12,829 shares, making the sale a relatively limited signal. HubSpot insider share sale
• Negative Sentiment: Q4 revenue guidance of $945 million–$947 million fell short of market expectations, overshadowing the Q3 beat. Reports also point to AI-related growth headwinds and customers demanding clearer proof of value before purchasing, which could slow sales. HubSpot Q4 revenue outlook and AI headwinds Customers want proof of value
• Negative Sentiment: Several firms downgraded HubSpot or cut price targets after the results and outlook, including Cantor Fitzgerald, Morgan Stanley, KeyCorp and BTIG. The broadening analyst caution adds pressure despite some firms retaining Buy or Outperform ratings. Analyst downgrades after Q3 results and guidance

HubSpot Price Performance

HUBS traded down $3.85 during trading hours on Friday, reaching $201.11. The company's stock had a trading volume of 2,127,106 shares, compared to its average volume of 1,037,110. HubSpot, Inc. has a fifty-two week low of $169.63 and a fifty-two week high of $406.94. The stock has a market cap of $10.03 billion, a PE ratio of 48.00, a P/E/G ratio of 2.37 and a beta of 1.14. The business's 50-day moving average is $232.10 and its 200-day moving average is $229.88.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.54. The company had revenue of $947.57 million during the quarter, compared to analysts' expectations of $925.50 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.66 earnings per share. Analysts expect that HubSpot, Inc. will post 5.48 EPS for the current year.

About HubSpot

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company's offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.

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