4,706 Shares of HubSpot, Inc. $HUBS Acquired by Greatmark Investment Partners Inc.

Key Points

• Greatmark Investment Partners acquired 4,706 HubSpot shares worth approximately $965,000 in the third quarter. Institutional investors collectively own 90.39% of the company, with several other funds also increasing or initiating positions.
• HubSpot insiders sold 26,202 shares valued at roughly $6.16 million during the last quarter. Director Brian Halligan and insider Erika Fisher were among those who reduced their holdings.
• HubSpot shares opened at $234.54, while analysts maintain a consensus “Hold” rating and a $272.77 price target. The company recently exceeded earnings and revenue expectations, reporting $3.26 in EPS and $911.74 million in quarterly revenue.

Greatmark Investment Partners Inc. bought a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,706 shares of the software maker's stock, valued at approximately $965,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HUBS. Assenagon Asset Management S.A. raised 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 valued at $41,397,000 after purchasing an additional 130,433 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of HubSpot in the 2nd quarter valued at about $1,366,000. Meeder Asset Management Inc. bought a new stake in shares of HubSpot in the 2nd quarter valued at about $5,860,000. The Manufacturers Life Insurance Company grew its position in shares of HubSpot by 175.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,063 shares of the software maker's stock worth $2,700,000 after buying an additional 7,044 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of HubSpot in the 1st quarter worth approximately $41,434,000. 90.39% of the stock is owned by institutional investors.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated 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 of the company's stock, valued at $14,254,415. The trade was a 12.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Erika Fisher sold 702 shares of the company's 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 directly owned 14,581 shares in the company, valued at $3,429,742.82. This represents a 4.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,202 shares of company stock worth $6,155,159 in the last quarter. Company insiders own 3.70% of the company's stock.

HubSpot Stock Down 2.1%

HubSpot stock opened at $234.54 on Friday. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 75.34, a PEG ratio of 2.43 and a beta of 1.24. HubSpot, Inc. has a 52-week low of $169.63 and a 52-week high of $497.96. The company has a fifty day simple moving average of $234.71 and a 200-day simple moving average of $232.72.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.24. The firm had revenue of $911.74 million for the quarter, compared to analysts' expectations of $898.31 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The company's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts anticipate that HubSpot, Inc. will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HUBS shares. BMO Capital Markets increased their target price on shares of HubSpot from $215.00 to $250.00 and gave the company a "market perform" rating in a research report on Monday, September 21st. Cantor Fitzgerald raised their target price on shares of HubSpot from $200.00 to $265.00 and gave the company a "neutral" rating in a research note on Friday. KeyCorp cut their price target on shares of HubSpot from $290.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. William Blair restated a "market perform" rating on shares of HubSpot in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. cut HubSpot from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $268.00 to $240.00 in a research report on Thursday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $272.77.

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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