HubSpot, Inc. $HUBS Holdings Reduced by Amundi

Key Points

• Amundi cut its HubSpot stake by 63.7% in the second quarter, selling 373,395 shares and retaining 212,642 shares valued at approximately $38.8 million. Institutional investors collectively own 90.39% of the company.
• HubSpot reported better-than-expected quarterly results, with earnings of $3.26 per share and revenue of $911.74 million, up 19.8% year over year. The company issued fiscal 2026 EPS guidance of $13.230–$13.310.
• Analyst sentiment remains mixed: HubSpot has a consensus “Hold” rating and a $271.07 average price target, compared with shares trading near $223.45.

Amundi lowered its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 63.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,642 shares of the software maker's stock after selling 373,395 shares during the quarter. Amundi owned about 0.43% of HubSpot worth $38,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HUBS. California State Teachers Retirement System grew its stake in shares of HubSpot by 17,004.9% in the second quarter. California State Teachers Retirement System now owns 10,573,899 shares of the software maker's stock worth $1,929,842,000 after purchasing an additional 10,512,081 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of HubSpot by 36.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker's stock valued at $1,838,727,000 after purchasing an additional 1,224,424 shares in the last quarter. BlackRock Inc. bought a new stake in shares of HubSpot during the second quarter valued at about $631,386,000. Pictet Asset Management Holding SA raised its stake in shares of HubSpot by 13.1% during the first quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker's stock valued at $533,993,000 after purchasing an additional 252,604 shares in the last quarter. Finally, State Street Corp lifted its holdings in HubSpot by 3.7% in the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker's stock worth $478,287,000 after purchasing an additional 42,948 shares during the period. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

Shares of HUBS opened at $223.45 on Friday. HubSpot, Inc. has a 12-month low of $169.63 and a 12-month high of $525.51. The stock has a market capitalization of $11.14 billion, a P/E ratio of 78.96, a P/E/G ratio of 2.48 and a beta of 1.18. The firm's 50 day moving average is $227.88 and its 200-day moving average is $224.30.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share 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 firm had revenue of $911.74 million during the quarter, compared to analysts' expectations of $898.31 million. During the same period last year, the firm posted $2.19 earnings per share. 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. As a group, equities research analysts forecast that HubSpot, Inc. will post 4.55 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, insider Erika Fisher sold 702 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total transaction of $165,124.44. Following the sale, the insider directly owned 14,581 shares of the company's stock, valued at $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald Dischler bought 925 shares of HubSpot stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, the director owned 1,940 shares of the company's stock, valued at $418,904.20. The trade was a 91.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 26,202 shares of company stock valued at $5,477,709 over the last three months. Company insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent analyst reports. BMO Capital Markets lowered shares of HubSpot from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $230.00 to $215.00 in a research report on Thursday, August 6th. TD Cowen boosted their price target on shares of HubSpot from $220.00 to $285.00 and gave the stock a "hold" rating in a research report on Tuesday, September 1st. The Goldman Sachs Group set a $276.00 price target on shares of HubSpot in a research note on Thursday, August 6th. Weiss Ratings reiterated a "sell (d)" rating on shares of HubSpot in a report on Wednesday, June 24th. Finally, Sanford C. Bernstein lowered shares of HubSpot from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $381.00 to $220.00 in a research note on Thursday, August 6th. 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, HubSpot presently has a consensus rating of "Hold" and a consensus target price of $271.07.

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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