Greenleaf Trust Takes Position in HubSpot, Inc. $HUBS

Key Points

• Greenleaf Trust purchased 4,801 HubSpot shares worth approximately $876,000 during the second quarter. Institutional investors collectively own 90.39% of the company.
• Analyst sentiment is mixed, with 15 Buy, 16 Hold and 2 Sell ratings; HubSpot has a consensus rating of Hold and an average price target of $268.90.
• HubSpot exceeded quarterly expectations, reporting $3.26 in EPS and $911.74 million in revenue, up 19.8% year over year. Recent insider activity included a director selling 8,500 shares and another purchasing 925 shares.

Greenleaf Trust purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,801 shares of the software maker's stock, valued at approximately $876,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of HubSpot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker's stock worth $388,917,000 after purchasing an additional 14,159 shares during the period. Assenagon Asset Management S.A. grew its position in 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 buying an additional 130,433 shares during the period. Havemeyer Place LP bought a new position in HubSpot during the fourth quarter valued at about $2,044,000. Forsta AP Fonden increased its holdings in 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 buying an additional 5,420 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co increased its holdings in HubSpot by 107.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 34,979 shares of the software maker's stock worth $14,037,000 after buying an additional 18,100 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HUBS shares. Wall Street Zen downgraded shares of HubSpot from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. Evercore set a $225.00 price target on shares of HubSpot in a report on Friday, May 8th. Truist Financial dropped their price objective on HubSpot from $300.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, May 8th. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective on shares of HubSpot in a report on Thursday, August 6th. Finally, Stifel Nicolaus lowered HubSpot from a "buy" rating to a "hold" rating and lowered their target price for the company from $275.00 to $200.00 in a research note on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of "Hold" and a consensus target price of $268.90.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $219.50, for a total value of $1,865,750.00. Following the completion of the transaction, the director directly owned 76,500 shares in the company, valued at approximately $16,791,750. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Dischler acquired 925 shares of HubSpot stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $215.93 per share, with a total value of $199,735.25. Following the purchase, the director owned 1,940 shares of the company's stock, valued at $418,904.20. This represents a 91.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,202 shares of company stock valued at $5,477,709. 3.70% of the stock is currently owned by corporate insiders.

HubSpot Price Performance

HubSpot stock opened at $261.68 on Tuesday. The firm has a market capitalization of $13.05 billion, a P/E ratio of 92.47, a PEG ratio of 2.82 and a beta of 1.19. HubSpot, Inc. has a one year low of $169.63 and a one year high of $525.51. The business has a fifty day moving average price of $218.19 and a 200-day moving average price of $223.97.

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. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The company had revenue of $911.74 million for the quarter, compared to analyst estimates of $898.31 million. During the same period in the previous year, the company posted $2.19 EPS. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Sell-side analysts expect that HubSpot, Inc. will post 4.54 earnings per share for the current fiscal year.

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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