Jupiter Topco LLC Buys Shares of 23,867 HubSpot, Inc. $HUBS

Key Points

• Jupiter Topco LLC acquired 23,867 HubSpot shares during the second quarter, valued at approximately $4.35 million. Institutional investors collectively own 90.39% of the company.
• Analyst sentiment is mixed: 15 analysts rate HubSpot a Buy, 16 a Hold and two a Sell, resulting in an overall “Hold” rating and a consensus price target of $271.07.
• HubSpot exceeded quarterly expectations, reporting $3.26 in EPS and $911.74 million in revenue, with revenue up 19.8% year over year. The stock opened at $250.75, while insiders have sold 26,202 shares worth about $5.48 million over the past 90 days.

Jupiter Topco LLC acquired a new stake 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 (SEC). The fund acquired 23,867 shares of the software maker's stock, valued at approximately $4,351,000.

A number of other hedge funds also recently added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD grew its holdings in shares of HubSpot by 36.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker's stock worth $1,838,727,000 after acquiring an additional 1,224,424 shares during the period. BlackRock Inc. purchased a new position in shares of HubSpot during the 2nd quarter valued at $631,386,000. Pictet Asset Management Holding SA grew its holdings in HubSpot by 13.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker's stock valued at $533,993,000 after buying an additional 252,604 shares in the last quarter. State Street Corp increased its holdings in shares of 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 last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of HubSpot by 117.6% in the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker's stock worth $477,138,000 after buying an additional 642,545 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HUBS has been the subject of several research analyst reports. UBS Group set a $287.00 price target on shares of HubSpot in a research note on Thursday, August 6th. Zacks Research lowered shares of HubSpot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Royal Bank Of Canada dropped their price target on shares of HubSpot from $350.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. Wells Fargo & Company lowered HubSpot from an "overweight" rating to a "neutral" rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $250.00 target price on shares of HubSpot in a report on Friday, May 8th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $271.07.

HubSpot Stock Down 4.1%

Shares of HubSpot stock opened at $250.75 on Wednesday. The firm's 50 day moving average is $219.72 and its two-hundred day moving average is $224.27. 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 $12.50 billion, a P/E ratio of 88.60, a P/E/G ratio of 2.83 and a beta of 1.18.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, beating 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 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 business posted $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 expect that HubSpot, Inc. will post 4.54 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, insider Erika Ashley Fisher sold 702 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were 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. This trade represents a 4.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total value of $1,879,265.00. Following the transaction, the director directly owned 85,000 shares in the company, valued at approximately $18,792,650. This represents a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,202 shares of company stock valued at $5,477,709 in the last ninety days. Corporate insiders own 3.70% of the company's stock.

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.

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