Heron Bay Capital Management Makes New Investment in HubSpot, Inc. $HUBS

Key Points

• Heron Bay Capital Management initiated a HubSpot position by purchasing 8,826 shares worth approximately $1.61 million in the second quarter. Institutional investors collectively own 90.39% of the company.
• Analyst sentiment is mixed: 15 analysts rate HubSpot a Buy, 16 recommend Hold and two recommend Sell, resulting in an average rating of Hold and a consensus price target of $268.90.
• HubSpot exceeded quarterly expectations, reporting $3.26 in adjusted EPS versus a $3.02 estimate and revenue of $911.74 million, up 19.8% year over year. Insider activity was mixed, with one director buying shares while another sold, and insiders selling 26,202 shares over the past 90 days.

Heron Bay Capital Management bought a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,826 shares of the software maker's stock, valued at approximately $1,611,000.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP bought a new position in shares of HubSpot in the second quarter worth $291,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in HubSpot in the second quarter worth approximately $835,000. Silvant Capital Management LLC acquired a new stake in HubSpot in the second quarter worth approximately $569,000. Tejara Capital Ltd bought a new position in HubSpot during the 2nd quarter valued at $2,730,000. Finally, Vise Technologies Inc. acquired a new position in shares of HubSpot during the 2nd quarter valued at $353,000. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. William Blair cut shares of HubSpot from an "outperform" rating to a "market perform" rating in a report on Friday, May 8th. KeyCorp cut their price target on shares of HubSpot from $290.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. The Goldman Sachs Group set a $276.00 price target on HubSpot in a research report on Thursday, August 6th. Truist Financial lowered their target price on HubSpot from $300.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Finally, Barclays dropped their price target on HubSpot from $270.00 to $240.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $268.90.

Insider Activity

In other news, Director Gerald Dischler bought 925 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the purchase, the director owned 1,940 shares of the company's stock, valued at $418,904.20. This trade represents a 91.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was 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 of the company's stock, valued at approximately $16,791,750. This trade represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,202 shares of company stock worth $5,477,709. Company insiders own 3.70% of the company's stock.

HubSpot Stock Performance

Shares of HUBS opened at $240.26 on Friday. The company has a 50-day simple moving average of $209.65 and a 200-day simple moving average of $223.69. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $525.51. The firm has a market capitalization of $11.98 billion, a P/E ratio of 84.90, a P/E/G ratio of 2.45 and a beta of 1.19.

HubSpot (NYSE:HUBS - Get Free Report) last issued 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. The firm had revenue of $911.74 million for the quarter, compared to analyst estimates of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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, equities analysts forecast that HubSpot, Inc. will post 4.54 earnings per share for the current 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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