California State Teachers Retirement System Acquires 10,512,081 Shares of HubSpot, Inc. $HUBS

California State Teachers Retirement System boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 17,004.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,573,899 shares of the software maker's stock after purchasing an additional 10,512,081 shares during the period. California State Teachers Retirement System owned about 21.20% of HubSpot worth $1,929,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in HubSpot in the 2nd quarter worth $631,386,000. Price T Rowe Associates Inc. MD raised its position in shares of HubSpot by 36.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker's stock worth $1,838,727,000 after acquiring an additional 1,224,424 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of HubSpot by 352.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker's stock worth $220,559,000 after acquiring an additional 703,706 shares in the last quarter. Capital World Investors purchased a new position in shares of HubSpot in the 4th quarter valued at approximately $259,930,000. Finally, AQR Capital Management LLC lifted its stake in shares of HubSpot by 117.6% in the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker's stock valued at $477,138,000 after purchasing an additional 642,545 shares during the period. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the completion of the transaction, the director directly owned 85,000 shares of the company's stock, valued at approximately $18,792,650. The trade was a 9.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Dischler purchased 925 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the acquisition, the director directly owned 1,940 shares in the company, valued at $418,904.20. The trade was a 91.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 26,202 shares of company stock worth $5,477,709 over the last quarter. Insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

HUBS has been the topic of several recent research reports. Wall Street Zen cut HubSpot from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. Sanford C. Bernstein cut shares of HubSpot from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $381.00 to $220.00 in a report on Thursday, August 6th. Stephens downgraded shares of HubSpot from an "overweight" rating to a "hold" rating and set a $251.00 target price on the stock. in a research report on Thursday, August 6th. The Goldman Sachs Group set a $276.00 price target on shares of HubSpot in a research note on Thursday, August 6th. Finally, Citigroup lowered their price target on shares of HubSpot from $217.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Fifteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $271.90.

HubSpot Stock Up 1.1%

HubSpot stock opened at $226.01 on Friday. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 79.86, a PEG ratio of 2.41 and a beta of 1.18. The firm's fifty day moving average is $228.56 and its 200 day moving average is $224.31. 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 issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The business had revenue of $911.74 million during the quarter, compared to analysts' expectations of $898.31 million. During the same period last year, the company posted $2.19 EPS. The business's revenue 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. On average, equities research analysts anticipate that HubSpot, Inc. will post 4.55 earnings per share for the current fiscal year.

HubSpot Profile

HubSpot, Inc develops cloud-based customer relationship management (CRM) and marketing software for businesses. Its platform is designed to help organizations attract prospects, manage customer interactions, close sales and provide ongoing service through an integrated set of tools.

The company's products include Marketing Hub, Sales Hub, Service Hub, Content Hub, Operations Hub and Commerce Hub. These offerings support marketing automation, sales engagement, customer support, content management, data integration, payments and other commercial activities.

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