The Manufacturers Life Insurance Company Buys Shares of 261,463 HubSpot, Inc. $HUBS

The Manufacturers Life Insurance Company bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 261,463 shares of the software maker's stock, valued at approximately $47,720,000. The Manufacturers Life Insurance Company owned 0.52% of HubSpot at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Turning Point Benefit Group Inc. purchased a new position in shares of HubSpot during the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in 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 purchasing an additional 47 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in HubSpot in the 4th quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in HubSpot in the second quarter valued at approximately $34,000. Finally, Larson Financial Group LLC raised its position in HubSpot by 378.9% in the fourth quarter. Larson Financial Group LLC now owns 91 shares of the software maker's stock valued at $37,000 after purchasing an additional 72 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the transaction, the director directly owned 85,000 shares of the company's stock, valued at approximately $18,792,650. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Erika Ashley Fisher sold 702 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total value of $165,124.44. Following the completion of the transaction, the insider owned 14,581 shares in the company, valued at $3,429,742.82. This trade represents a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,202 shares of company stock valued at $5,477,709. 3.70% of the stock is currently owned by insiders.

HubSpot Price Performance

NYSE:HUBS opened at $236.86 on Thursday. The firm has a market capitalization of $11.81 billion, a PE ratio of 83.70, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. The business's fifty day moving average price is $213.12 and its 200 day moving average price is $223.38. HubSpot, Inc. has a 12 month low of $169.63 and a 12 month high of $525.51.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share 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 analysts' expectations of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.HubSpot's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts anticipate that HubSpot, Inc. will post 4.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HUBS. BMO Capital Markets cut HubSpot from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $230.00 to $215.00 in a research note on Thursday, August 6th. Wells Fargo & Company cut HubSpot from an "overweight" rating to a "neutral" rating in a report on Thursday, August 6th. Piper Sandler downgraded HubSpot from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $250.00 to $220.00 in a research report on Thursday, August 6th. Jefferies Financial Group reiterated a "buy" rating and set a $250.00 price target on shares of HubSpot in a research note on Friday, May 8th. Finally, Capital One Financial set a $206.00 price target on shares of HubSpot and gave the stock an "equal weight" rating in a research 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $268.90.

HubSpot Company 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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