138,247 Shares in HubSpot, Inc. $HUBS Acquired by Legal & General Group Plc

Key Points

• Legal & General Group acquired 138,247 HubSpot shares worth approximately $25.2 million, representing about 0.28% of the company; institutional investors now own 90.39% of the stock.
• Analyst sentiment is mixed, with several firms cutting price targets. HubSpot has a consensus “Hold” rating from 33 analysts and an average price target of $268.90.
• HubSpot beat quarterly expectations, reporting adjusted EPS of $3.26 versus $3.02 expected and revenue of $911.74 million, up 19.8% year over year. Insiders sold 26,202 shares worth $5.48 million over the past 90 days.

Legal & General Group Plc purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 138,247 shares of the software maker's stock, valued at approximately $25,231,000. Legal & General Group Plc owned approximately 0.28% of HubSpot at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HUBS. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot during the third quarter valued at $25,000. Rakuten Securities Inc. boosted its position in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker's stock valued at $30,000 after buying an additional 47 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $33,000. Osterweis Capital Management Inc. acquired a new position in shares of HubSpot in the 2nd quarter worth approximately $34,000. Finally, Larson Financial Group LLC grew its position in HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker's stock worth $37,000 after acquiring an additional 72 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HUBS shares. TD Cowen reduced their price objective on HubSpot from $250.00 to $220.00 and set a "hold" rating on the stock in a research note on Thursday, August 6th. BTIG Research lowered their target price on HubSpot from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Jefferies Financial Group reiterated a "buy" rating and set a $250.00 price target on shares of HubSpot in a research report on Friday, May 8th. Weiss Ratings reissued a "sell (d)" rating on shares of HubSpot in a research note on Wednesday, June 24th. Finally, BMO Capital Markets lowered shares of HubSpot from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $230.00 to $215.00 in a report on Thursday, August 6th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $268.90.

Insider Buying and Selling at HubSpot

In other news, insider Erika Ashley Fisher sold 702 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total value of $165,124.44. Following the transaction, 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 SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $219.50, for a total value of $1,865,750.00. Following the completion of the transaction, the director owned 76,500 shares in the company, valued at $16,791,750. This represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,202 shares of company stock worth $5,477,709. Insiders own 3.70% of the company's stock.

HubSpot Trading Up 2.0%

Shares of NYSE:HUBS opened at $261.01 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 92.23, a P/E/G ratio of 2.82 and a beta of 1.19. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year high of $525.51. The business has a 50-day moving average price of $216.41 and a two-hundred day moving average price of $223.81.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The company had revenue of $911.74 million for the quarter, compared to analyst estimates of $898.31 million. During the same quarter last year, the firm earned $2.19 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. As a group, equities analysts predict that HubSpot, Inc. will post 4.54 EPS for the current year.

HubSpot Profile

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.

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