RDST Capital LLC Buys Shares of 331,796 HubSpot, Inc. $HUBS

Key Points

• RDST Capital initiated a sizable HubSpot position, buying 331,796 shares worth approximately $60.6 million. The investment represents about 5% of the fund’s portfolio and 0.67% of HubSpot’s outstanding shares.
• HubSpot reported quarterly results above expectations, with EPS of $3.26 versus the $3.02 consensus and revenue of $911.7 million, up 19.8% year over year. The company provided fiscal 2026 EPS guidance of $13.23–$13.31.
• Analyst sentiment remains mixed: the consensus rating is “Hold”, with 15 Buy, 16 Hold and 2 Sell ratings and an average price target of $268.90. HubSpot shares opened at $243.85, while recent insider activity included one director purchase but net insider selling over the past 90 days.

RDST Capital LLC bought a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 331,796 shares of the software maker's stock, valued at approximately $60,556,000. HubSpot makes up about 5.0% of RDST Capital LLC's portfolio, making the stock its 13th largest holding. RDST Capital LLC owned 0.67% of HubSpot as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HUBS. National Bank of Canada FI boosted its holdings in HubSpot by 8.6% in the third quarter. National Bank of Canada FI now owns 379 shares of the software maker's stock worth $177,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. raised its holdings in HubSpot by 783.3% during the second 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. Orion Porfolio Solutions LLC lifted its position in shares of HubSpot by 2.9% in the second quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker's stock worth $994,000 after buying an additional 51 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of HubSpot by 3.3% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 1,738 shares of the software maker's stock worth $697,000 after buying an additional 55 shares during the last quarter. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of HubSpot during the 3rd quarter worth about $25,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In other news, insider Erika Ashley Fisher sold 702 shares of the company'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 completion of the transaction, the insider owned 14,581 shares of the company's stock, valued at approximately $3,429,742.82. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Dischler bought 925 shares of HubSpot stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $215.93 per share, with a total value of $199,735.25. Following the purchase, the director owned 1,940 shares of the company's stock, valued at $418,904.20. This trade represents a 91.13% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 26,202 shares of company stock valued at $5,477,709. Insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HUBS shares. Stifel Nicolaus lowered HubSpot from a "buy" rating to a "hold" rating and lowered their price objective for the company from $275.00 to $200.00 in a report on Thursday, August 6th. Evercore set a $225.00 target price on HubSpot in a report on Friday, May 8th. BTIG Research decreased their price target on shares of HubSpot from $300.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, August 6th. BNP Paribas Exane downgraded HubSpot from an "outperform" rating to a "neutral" rating and set a $210.00 price target on the stock. in a research report on Monday, May 11th. Finally, The Goldman Sachs Group set a $276.00 price objective on HubSpot in a research note on Thursday, August 6th. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $268.90.

HubSpot Trading Up 1.6%

Shares of HubSpot stock opened at $243.85 on Tuesday. HubSpot, Inc. has a 1 year low of $169.63 and a 1 year high of $525.51. The company's fifty day simple moving average is $210.81 and its 200-day simple moving average is $223.33. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 86.17, a PEG 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 EPS for the quarter, beating the consensus estimate of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The firm had revenue of $911.74 million during the quarter, compared to analysts' expectations of $898.31 million. During the same period in the prior year, the company earned $2.19 EPS. The business's quarterly 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, research analysts forecast 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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