Legal & General Group Plc Raises Position in HubSpot, Inc. $HUBS

Legal & General Group Plc grew its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 411,835 shares of the software maker's stock after acquiring an additional 40,867 shares during the period. Legal & General Group Plc owned about 0.79% of HubSpot worth $165,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker's stock valued at $2,683,659,000 after purchasing an additional 345,524 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker's stock valued at $776,714,000 after purchasing an additional 476,740 shares during the period. State Street Corp lifted its stake in shares of HubSpot by 1.9% in the third quarter. State Street Corp now owns 1,148,895 shares of the software maker's stock valued at $537,453,000 after purchasing an additional 21,358 shares during the period. AQR Capital Management LLC lifted its stake in shares of HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker's stock valued at $255,623,000 after purchasing an additional 257,577 shares during the period. Finally, Amundi lifted its stake in shares of HubSpot by 57.6% in the third quarter. Amundi now owns 452,252 shares of the software maker's stock valued at $209,660,000 after purchasing an additional 165,315 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Trading Up 1.4%

Shares of HUBS opened at $200.71 on Thursday. The stock has a market cap of $10.28 billion, a P/E ratio of 105.08, a PEG ratio of 2.17 and a beta of 1.23. The company has a 50-day moving average of $222.93 and a two-hundred day moving average of $291.22. HubSpot, Inc. has a 12-month low of $173.25 and a 12-month high of $626.93.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.25. The company had revenue of $881.00 million during the quarter, compared to analysts' expectations of $863.32 million. HubSpot had a net margin of 3.04% and a return on equity of 5.66%. The firm's quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 earnings per share. HubSpot has set its Q2 2026 guidance at 3.000-3.020 EPS and its FY 2026 guidance at 13.040-13.120 EPS. As a group, analysts forecast that HubSpot, Inc. will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. BMO Capital Markets reduced their price objective on shares of HubSpot from $285.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 8th. Mizuho reduced their price objective on shares of HubSpot from $300.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 8th. Wells Fargo & Company cut their target price on shares of HubSpot from $350.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. KeyCorp cut their target price on shares of HubSpot from $340.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. Finally, Cantor Fitzgerald cut shares of HubSpot from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $325.00 to $200.00 in a research report on Friday, May 8th. Twenty-two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $311.00.

Insiders Place Their Bets

In other news, CEO Yamini Rangan acquired 2,750 shares of the business's stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $189.84 per share, with a total value of $522,060.00. Following the completion of the transaction, the chief executive officer directly owned 102,982 shares in the company, valued at approximately $19,550,102.88. This represents a 2.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $220.00, for a total transaction of $1,870,000.00. Following the completion of the transaction, the director directly owned 353,500 shares of the company's stock, valued at approximately $77,770,000. This represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 14,063 shares of company stock valued at $2,585,781 and have sold 26,207 shares valued at $6,233,049. Corporate insiders own 4.00% 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.