Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 617,344 shares of the software maker's stock, valued at approximately $112,671,000. Connor Clark & Lunn Investment Management Ltd. owned 1.24% of HubSpot as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Geode Capital Management LLC boosted its holdings in HubSpot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker's stock worth $388,917,000 after acquiring an additional 14,159 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of HubSpot by 135.3% during the second 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 during the period. Havemeyer Place LP purchased a new stake in shares of HubSpot during the fourth quarter valued at approximately $2,044,000. Forsta AP Fonden lifted its position in shares of HubSpot by 28.2% during the fourth quarter. Forsta AP Fonden now owns 24,620 shares of the software maker's stock worth $9,880,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab lifted its position in shares of HubSpot by 20.0% during the fourth quarter. Danica Pension Livsforsikringsaktieselskab now owns 255,923 shares of the software maker's stock worth $102,702,000 after purchasing an additional 42,718 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at HubSpot
In other news, insider Erika Ashley Fisher sold 702 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total value of $165,124.44. Following the sale, the insider owned 14,581 shares in the company, valued at approximately $3,429,742.82. This represents a 4.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $219.50, for a total transaction of $1,865,750.00. Following the transaction, the director directly owned 76,500 shares in the company, valued at $16,791,750. The trade was a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,202 shares of company stock valued at $5,477,709. Insiders own 3.70% of the company's stock.
HubSpot Trading Up 0.1%
HUBS stock opened at $240.26 on Monday. The firm has a 50 day simple moving average of $209.65 and a 200-day simple moving average of $223.34. The company has a market capitalization of $11.98 billion, a P/E ratio of 84.90, a PEG ratio of 2.46 and a beta of 1.19. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $525.51.
HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The firm had revenue of $911.74 million for the quarter, compared to analysts' expectations of $898.31 million. During the same period in the prior year, the company posted $2.19 earnings per share. The firm's quarterly 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, research analysts predict that HubSpot, Inc. will post 4.54 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. BTIG Research lowered their price target on shares of HubSpot from $300.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Stifel Nicolaus lowered shares of HubSpot from a "buy" rating to a "hold" rating and cut their price objective for the stock from $275.00 to $200.00 in a report on Thursday, August 6th. Zacks Research cut shares of HubSpot from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Piper Sandler downgraded HubSpot from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $250.00 to $220.00 in a research note on Thursday, August 6th. Finally, UBS Group set a $287.00 target price on HubSpot in a research note on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $268.90.
Read Our Latest Stock Analysis on HUBS
HubSpot Profile
(
Free Report)
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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