BlackRock Inc. Buys Shares of 3,459,461 HubSpot, Inc. $HUBS

Key Points

• BlackRock acquired 3,459,461 HubSpot shares in the second quarter, worth approximately $631.4 million, giving it a 6.75% stake. Institutional investors collectively own 90.39% of the company.
• HubSpot exceeded quarterly expectations, reporting $3.26 in EPS and $911.74 million in revenue, with revenue rising 19.8% year over year. The company issued fiscal 2026 EPS guidance of $13.230–$13.310.
• Analyst sentiment is mixed: the consensus rating is “Hold” with a $268.90 price target, while several firms recently lowered their targets. HubSpot shares opened at $240.26, and insiders have sold $5.48 million of stock over the past 90 days.

BlackRock Inc. purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,459,461 shares of the software maker's stock, valued at approximately $631,386,000. BlackRock Inc. owned 6.75% of HubSpot as of its most recent SEC filing.

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

HubSpot Stock Up 0.1%

NYSE:HUBS opened at $240.26 on Monday. The firm has a market capitalization of $11.98 billion, a P/E ratio of 84.90, a P/E/G ratio of 2.46 and a beta of 1.19. The company has a fifty day moving average of $209.65 and a 200 day moving average of $223.34. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $525.51.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, analysts anticipate that HubSpot, Inc. will post 4.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HUBS. Wall Street Zen lowered HubSpot from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $250.00 price target on shares of HubSpot in a report on Friday, May 8th. Mizuho dropped their price target on HubSpot from $300.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 8th. Barclays cut their price objective on HubSpot from $270.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Finally, Piper Sandler cut shares of HubSpot from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $250.00 to $220.00 in a research note on Thursday, August 6th. 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, HubSpot has an average rating of "Hold" and a consensus price target of $268.90.

Insider Activity at HubSpot

In other HubSpot news, Director Gerald Dischler acquired 925 shares of the business's stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the transaction, the director owned 1,940 shares in the company, valued at $418,904.20. This represents a 91.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the sale, the director owned 85,000 shares in the company, valued at approximately $18,792,650. This represents a 9.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,202 shares of company stock worth $5,477,709 in the last 90 days. Company insiders own 3.70% of the company's stock.

About HubSpot

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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