6,085 Shares in HubSpot, Inc. $HUBS Purchased by Kerrisdale Advisers LLC

Key Points

• Kerrisdale Advisers acquired 6,085 HubSpot shares in the second quarter, worth approximately $1.11 million. Institutional investors collectively own 90.39% of the company.
• Analysts recently lowered their HubSpot price targets and ratings, with the stock receiving an overall “Hold” consensus and an average target of $268.90.
• HubSpot exceeded quarterly expectations, reporting $3.26 in earnings per share versus a $3.02 estimate and $911.74 million in revenue, up 19.8% year over year; however, insiders sold more than 26,000 shares worth $5.48 million over the past 90 days.

Kerrisdale Advisers LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,085 shares of the software maker's stock, valued at approximately $1,111,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HUBS. National Bank of Canada FI increased its position in shares of HubSpot by 8.6% during the third quarter. National Bank of Canada FI now owns 379 shares of the software maker's stock worth $177,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker's stock worth $30,000 after buying an additional 47 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of HubSpot by 2.9% in the second quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker's stock valued at $994,000 after buying an additional 51 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in shares of HubSpot by 3.3% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 1,738 shares of the software maker's stock worth $697,000 after buying an additional 55 shares in the last quarter. Finally, Turning Point Benefit Group Inc. acquired a new stake in HubSpot in the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HUBS shares. TD Cowen dropped their price target on HubSpot from $250.00 to $220.00 and set a "hold" rating for the company in a research report on Thursday, August 6th. Piper Sandler cut HubSpot from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $250.00 to $220.00 in a report on Thursday, August 6th. BMO Capital Markets downgraded HubSpot from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $230.00 to $215.00 in a research note on Thursday, August 6th. Citigroup lowered their price target on shares of HubSpot from $217.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of HubSpot in a research report on Wednesday, June 24th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $268.90.

Insider Buying and Selling

In other HubSpot news, insider Erika Ashley Fisher sold 702 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total value of $165,124.44. Following the completion of the transaction, the insider owned 14,581 shares in the company, valued at $3,429,742.82. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 76,500 shares in the company, valued at approximately $16,791,750. The trade was a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,202 shares of company stock worth $5,477,709 in the last ninety days. 3.70% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of HUBS stock opened at $261.01 on Monday. HubSpot, Inc. has a one year low of $169.63 and a one year high of $525.51. The firm's 50 day moving average price is $216.41 and its 200-day moving average price is $223.76. The firm has a market cap 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 (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, topping the consensus estimate of $3.02 by $0.24. The business had revenue of $911.74 million during the quarter, compared to the consensus estimate of $898.31 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.19 earnings per share. 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, research analysts predict that HubSpot, Inc. will post 4.54 EPS for the current fiscal year.

HubSpot Company 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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