Employees Retirement System of Texas Sells 141,382 Shares of HubSpot, Inc. $HUBS

Key Points

• Employees Retirement System of Texas nearly exited HubSpot, selling 141,382 shares in the fourth quarter and leaving just 465 shares worth about $187,000.
• HubSpot reported better-than-expected Q1 results, with EPS of $2.72 and revenue of $881 million, while also issuing upbeat Q2 2026 and FY 2026 guidance.
• Despite the stock trading down and several analysts lowering targets, HubSpot still has a Moderate Buy consensus, with 22 Buy ratings and an average price target of $311.

Employees Retirement System of Texas cut its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 99.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 465 shares of the software maker's stock after selling 141,382 shares during the quarter. Employees Retirement System of Texas' holdings in HubSpot were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HUBS. Pictet Asset Management Holding SA grew its stake in shares of HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker's stock worth $776,714,000 after acquiring an additional 476,740 shares during the period. Vanguard Group Inc. grew its stake in shares of HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker's stock worth $2,683,659,000 after acquiring an additional 345,524 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of HubSpot by 22,795.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 284,816 shares of the software maker's stock worth $114,297,000 after acquiring an additional 283,572 shares during the period. AQR Capital Management LLC lifted its holdings in HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker's stock valued at $255,623,000 after acquiring an additional 257,577 shares during the period. Finally, Atreides Management LP bought a new position in HubSpot in the third quarter valued at about $113,878,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Down 1.4%

Shares of HUBS opened at $197.95 on Friday. The business's 50 day moving average is $221.58 and its 200 day moving average is $289.82. The company has a market capitalization of $10.14 billion, a PE ratio of 103.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.23. HubSpot, Inc. has a 12-month low of $173.25 and a 12-month high of $621.16.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.25. The company had revenue of $881.00 million for the quarter, compared to the consensus estimate of $863.32 million. HubSpot had a return on equity of 5.66% and a net margin of 3.04%.The firm's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company earned $1.84 EPS. HubSpot has set its Q2 2026 guidance at 3.000-3.020 EPS and its FY 2026 guidance at 13.040-13.120 EPS. Equities research analysts predict that HubSpot, Inc. will post 4.39 earnings per share for the current year.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah acquired 10,000 shares of HubSpot stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $181.37 per share, with a total value of $1,813,700.00. Following the purchase, the chief technology officer directly owned 1,295,400 shares in the company, valued at $234,946,698. The trade was a 0.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erika Ashley Fisher sold 915 shares of HubSpot stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $236.66, for a total value of $216,543.90. Following the completion of the sale, the insider directly owned 16,270 shares in the company, valued at approximately $3,850,458.20. The trade was a 5.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have purchased 14,063 shares of company stock worth $2,585,781 and have sold 26,207 shares worth $6,233,049. Company insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HUBS. BMO Capital Markets lowered their target price on HubSpot from $285.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 8th. William Blair downgraded HubSpot from an "outperform" rating to a "market perform" rating in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on HubSpot from $530.00 to $425.00 and set an "overweight" rating on the stock in a report on Friday, May 8th. Jefferies Financial Group reissued a "buy" rating and issued a $250.00 target price on shares of HubSpot in a report on Friday, May 8th. Finally, Evercore set a $225.00 target price on HubSpot in a report on Friday, May 8th. Twenty-two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus target price of $311.00.

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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