Public Employees Retirement System of Ohio Takes Position in HubSpot, Inc. $HUBS

Key Points

• Public Employees Retirement System of Ohio purchased 14,246 HubSpot shares worth approximately $2.6 million during the second quarter. Institutional investors collectively own 90.39% of the company.
• Analyst sentiment is mixed, with 15 Buy, 16 Hold and 2 Sell ratings; HubSpot has a consensus rating of Hold and an average price target of $271.07.
• HubSpot exceeded quarterly expectations, reporting adjusted EPS of $3.26 versus the $3.02 consensus and revenue of $911.74 million, up 19.8% year over year.

Public Employees Retirement System of Ohio purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,246 shares of the software maker's stock, valued at approximately $2,600,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of HubSpot by 36.5% during 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 in the last quarter. BlackRock Inc. purchased a new position in shares of HubSpot in the second quarter valued at $631,386,000. Pictet Asset Management Holding SA grew its position in shares of HubSpot by 13.1% in the first quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker's stock valued at $533,993,000 after purchasing an additional 252,604 shares in the last quarter. State Street Corp raised its stake in shares of HubSpot by 3.7% during the 4th quarter. State Street Corp now owns 1,191,843 shares of the software maker's stock valued at $478,287,000 after purchasing an additional 42,948 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of HubSpot by 117.6% during the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker's stock valued at $477,138,000 after purchasing an additional 642,545 shares during the period. 90.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Erika Fisher sold 702 shares of the stock in a transaction dated 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 represents a 4.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Dischler purchased 925 shares of the firm's stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the purchase, the director directly owned 1,940 shares of the company's stock, valued at approximately $418,904.20. This represents a 91.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 26,202 shares of company stock valued at $5,477,709 over the last 90 days. Insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HUBS. TD Cowen raised their target price on HubSpot from $220.00 to $285.00 and gave the stock a "hold" rating in a research note on Tuesday. Zacks Research cut HubSpot from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Barclays reduced their price objective on shares of HubSpot from $270.00 to $240.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. BMO Capital Markets cut shares of HubSpot from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $230.00 to $215.00 in a research note on Thursday, August 6th. Finally, Oppenheimer downgraded shares of HubSpot from an "outperform" rating to a "market perform" rating in a 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 issued a Sell rating to the company. According to data from MarketBeat, HubSpot has an average rating of "Hold" and a consensus target price of $271.07.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $247.24 on Friday. The company's fifty day moving average price is $223.98 and its 200-day moving average price is $224.63. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 87.36, a PEG ratio of 2.67 and a beta of 1.18. HubSpot, Inc. has a one year low of $169.63 and a one year high of $525.51.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $898.31 million. During the same period in the previous year, the firm posted $2.19 EPS. The firm's revenue was up 19.8% compared to the same quarter last year. 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, equities research analysts expect that HubSpot, Inc. will post 4.55 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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