Meeder Asset Management Inc. Buys Shares of 32,109 HubSpot, Inc. $HUBS

Key Points

• Meeder Asset Management purchased 32,109 HubSpot shares during the second quarter, worth approximately $5.86 million, while institutional investors collectively own 90.39% of the company.
• Analyst sentiment is mixed: HubSpot has an overall “Hold” consensus rating, with a $268.90 average price target. Recent actions included target-price cuts from Stifel Nicolaus and RBC, alongside a $276 target from Goldman Sachs.
• HubSpot exceeded quarterly expectations, reporting $3.26 in adjusted EPS versus the $3.02 consensus and $911.74 million in revenue versus $898.31 million expected. Revenue increased 19.8% year over year.

Meeder Asset Management Inc. bought a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 32,109 shares of the software maker's stock, valued at approximately $5,860,000. Meeder Asset Management Inc. owned 0.06% of HubSpot as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. increased its position in shares of HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker's stock valued at $30,000 after buying an additional 47 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in HubSpot during the 3rd quarter worth $25,000. Osterweis Capital Management Inc. acquired a new stake in HubSpot during the 2nd quarter worth $34,000. Cary Street Partners Investment Advisory LLC bought a new position in HubSpot during the fourth quarter worth about $33,000. Finally, Larson Financial Group LLC lifted its holdings in HubSpot by 378.9% during the fourth quarter. Larson Financial Group LLC now owns 91 shares of the software maker's stock worth $37,000 after acquiring an additional 72 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the completion of the transaction, the director owned 85,000 shares of the company's stock, valued at $18,792,650. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gerald Dischler purchased 925 shares of the firm's stock in a transaction dated 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 completion of the purchase, the director directly owned 1,940 shares in the company, valued at approximately $418,904.20. This represents a 91.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 17,702 shares of company stock valued at $3,611,959 in the last quarter. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded HubSpot from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 4th. Capital One Financial set a $206.00 price objective on HubSpot and gave the company an "equal weight" rating in a report on Thursday, August 6th. Stifel Nicolaus lowered HubSpot from a "buy" rating to a "hold" rating and decreased their price objective for the company from $275.00 to $200.00 in a research report on Thursday, August 6th. The Goldman Sachs Group set a $276.00 price objective on HubSpot in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada lowered their target price on HubSpot from $350.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $268.90.

HubSpot Price Performance

HUBS opened at $215.77 on Tuesday. The business's 50-day moving average price is $206.00 and its two-hundred day moving average price is $224.78. HubSpot, Inc. has a 1 year low of $169.63 and a 1 year high of $525.51. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 76.24, a P/E/G ratio of 2.29 and a beta of 1.19.

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

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.

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