HubSpot, Inc. $HUBS Shares Purchased by Spyglass Capital Management LLC

Key Points

• Spyglass Capital Management increased its HubSpot stake by 18.3% in the second quarter, purchasing 57,443 additional shares. It now owns 371,365 shares valued at approximately $67.8 million, while institutional investors collectively hold 90.39% of the stock.
• HubSpot exceeded quarterly expectations, reporting $3.26 in earnings per share versus the $3.02 consensus and $911.74 million in revenue, up 19.8% year over year. The company issued fiscal 2026 EPS guidance of $13.230–$13.310.
• Analyst sentiment is mixed: HubSpot has a consensus rating of “Hold” and an average price target of $268.90, while several firms recently downgraded the stock or lowered their targets. Shares opened at $261.68, with a price-to-earnings ratio of 92.47.

Spyglass Capital Management LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 371,365 shares of the software maker's stock after buying an additional 57,443 shares during the period. HubSpot makes up about 3.7% of Spyglass Capital Management LLC's investment portfolio, making the stock its 15th largest position. Spyglass Capital Management LLC owned 0.74% of HubSpot worth $67,778,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. grew its stake in HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker's stock worth $30,000 after buying an additional 47 shares during the period. Turning Point Benefit Group Inc. purchased a new position in shares of HubSpot in the 3rd quarter valued at $25,000. Osterweis Capital Management Inc. acquired a new position in shares of HubSpot during the 2nd quarter valued at $34,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $33,000. Finally, Larson Financial Group LLC boosted its position in HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker's stock worth $37,000 after purchasing an additional 72 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HUBS stock opened at $261.68 on Tuesday. The stock has a market capitalization of $13.05 billion, a price-to-earnings 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 company's 50-day simple moving average is $218.19 and its 200-day simple moving average is $223.97.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.24. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The firm had revenue of $911.74 million during the quarter, compared to analyst estimates of $898.31 million. During the same period in the previous year, the company earned $2.19 earnings per share. HubSpot'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. As a group, research analysts forecast that HubSpot, Inc. will post 4.54 EPS for the current year.

Insider Transactions at HubSpot

In other news, Director Gerald Dischler purchased 925 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $215.93 per share, with a total value of $199,735.25. Following the transaction, the director owned 1,940 shares in the company, valued at approximately $418,904.20. The trade was a 91.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Erika Ashley Fisher sold 702 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total value of $165,124.44. Following the transaction, the insider owned 14,581 shares in the company, valued at $3,429,742.82. This trade represents a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,202 shares of company stock worth $5,477,709. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HUBS shares. Bank of America reissued an "underperform" rating and issued a $200.00 price objective on shares of HubSpot in a research report on Thursday, August 6th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of HubSpot in a research report on Thursday, August 6th. Wolfe Research lowered HubSpot from an "outperform" rating to a "peer perform" rating in a research note on Thursday, August 6th. Citigroup dropped their target price on HubSpot from $217.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Finally, Piper Sandler lowered HubSpot from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $250.00 to $220.00 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $268.90.

HubSpot 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source