Beacon Pointe Advisors LLC Acquires New Shares in HubSpot, Inc. $HUBS

Beacon Pointe Advisors LLC acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,408 shares of the software maker's stock, valued at approximately $2,630,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new stake in shares of HubSpot during the second quarter worth about $3,028,000. United Capital Financial Advisors LLC acquired a new position in shares of HubSpot in the second quarter valued at approximately $491,000. Public Employees Retirement System of Ohio acquired a new position in shares of HubSpot in the second quarter valued at approximately $2,600,000. Capstone Investment Advisors LLC purchased a new stake in HubSpot during the 2nd quarter worth approximately $341,000. Finally, Proficio Capital Partners LLC purchased a new stake in HubSpot during the 2nd quarter worth approximately $221,000. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Up 2.0%

HUBS opened at $261.01 on Friday. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 92.23, a price-to-earnings-growth ratio of 2.82 and a beta of 1.19. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $525.51. The business's 50 day moving average is $216.41 and its two-hundred day moving average is $223.81.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.24. The company had revenue of $911.74 million during the quarter, compared to analysts' expectations of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Equities analysts expect that HubSpot, Inc. will post 4.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of analyst reports. KeyCorp lowered their target price on shares of HubSpot from $290.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. The Goldman Sachs Group set a $276.00 price target on HubSpot in a research note on Thursday, August 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 price target on shares of HubSpot in a report on Friday, May 8th. Sanford C. Bernstein cut HubSpot from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $381.00 to $220.00 in a research report on Thursday, August 6th. Finally, Mizuho dropped their price objective on HubSpot from $300.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 8th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $268.90.

Insiders Place Their Bets

In other HubSpot news, Director Gerald Dischler bought 925 shares of HubSpot stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, the director owned 1,940 shares of the company's stock, valued at approximately $418,904.20. This represents a 91.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the sale, the director owned 85,000 shares of the company's stock, valued at $18,792,650. This trade represents a 9.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 26,202 shares of company stock valued at $5,477,709. Insiders own 3.70% of the company's stock.

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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