Ieq Capital LLC Purchases New Shares in HubSpot, Inc. $HUBS

Key Points

• Ieq Capital LLC acquired 40,646 HubSpot shares worth approximately $7.4 million, while institutional investors overall own 90.39% of the company.
• Analyst sentiment is mixed, with 15 Buy, 16 Hold and 2 Sell ratings; the consensus rating is Hold with a target price of $268.90.
• HubSpot exceeded quarterly expectations, reporting adjusted EPS of $3.26 versus $3.02 expected and revenue of $911.74 million, up 19.8% year over year.

Ieq Capital LLC purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,646 shares of the software maker's stock, valued at approximately $7,418,000. Ieq Capital LLC owned 0.08% of HubSpot at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBS. Turning Point Benefit Group Inc. purchased a new stake in shares of HubSpot in the third quarter valued at about $25,000. Rakuten Securities Inc. grew its holdings in shares of 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 last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of HubSpot during the fourth quarter worth about $33,000. Osterweis Capital Management Inc. acquired a new position in HubSpot in the 2nd quarter valued at about $34,000. Finally, Larson Financial Group LLC increased its position in HubSpot by 378.9% in the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker's stock valued at $37,000 after acquiring an additional 72 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent research reports. Capital One Financial set a $206.00 price objective on HubSpot and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Mizuho dropped their target price on HubSpot from $300.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 8th. Piper Sandler cut HubSpot from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $250.00 to $220.00 in a research note on Thursday, August 6th. TD Cowen decreased their price target on HubSpot from $250.00 to $220.00 and set a "hold" rating for the company in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of HubSpot from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Fifteen investment 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 MarketBeat.com, HubSpot presently has an average rating of "Hold" and a consensus target price of $268.90.

Insiders Place Their Bets

In related news, Director Gerald Dischler bought 925 shares of the firm's stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the transaction, the director owned 1,940 shares of the company's stock, valued at approximately $418,904.20. This trade represents a 91.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Erika Ashley Fisher sold 702 shares of the company'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 transaction, the insider directly owned 14,581 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 26,202 shares of company stock worth $5,477,709. 3.70% of the stock is owned by corporate insiders.

HubSpot Trading Up 0.1%

Shares of HUBS opened at $240.26 on Monday. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $525.51. The stock's 50 day moving average is $209.65 and its two-hundred day moving average is $223.34. The firm has a market capitalization of $11.98 billion, a PE ratio of 84.90, a P/E/G ratio of 2.46 and a beta of 1.19.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.24. The company had revenue of $911.74 million for the quarter, compared to analysts' expectations of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.19 EPS. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. On average, sell-side analysts predict that HubSpot, Inc. will post 4.54 EPS 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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