VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 58,488 HubSpot, Inc. $HUBS

Key Points

• Virginia Retirement Systems acquired 58,488 HubSpot shares worth approximately $10.7 million, representing about 0.12% of the company. Institutional investors collectively own 90.39% of HubSpot.
• Analyst sentiment is mixed: several firms downgraded the stock to “hold” or “neutral,” while the consensus rating remains Hold with an average price target of $271.07.
• HubSpot exceeded quarterly expectations, reporting adjusted EPS of $3.26 versus $3.02 expected and revenue of $911.74 million, up 19.8% year over year. However, insiders sold $5.48 million of stock over the past three months.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,488 shares of the software maker's stock, valued at approximately $10,675,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.12% of HubSpot at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot during the third quarter valued at about $25,000. Rakuten Securities Inc. grew its position in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker's stock worth $30,000 after purchasing an additional 47 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in HubSpot in the 4th quarter valued at about $33,000. Osterweis Capital Management Inc. purchased a new stake in HubSpot in the 2nd quarter valued at about $34,000. Finally, Larson Financial Group LLC lifted its position in shares of HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker's stock worth $37,000 after buying an additional 72 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several recent analyst reports. Morgan Stanley set a $287.00 target price on HubSpot in a report on Thursday, August 6th. Oppenheimer lowered HubSpot from an "outperform" rating to a "market perform" rating in a report on Thursday, August 6th. Stephens cut HubSpot from an "overweight" rating to a "hold" rating and set a $251.00 price objective on the stock. in a research report on Thursday, August 6th. Zacks Research downgraded HubSpot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company lowered HubSpot from an "overweight" rating to a "neutral" rating in a research report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, HubSpot has a consensus rating of "Hold" and an average target price of $271.07.

Insider Transactions at HubSpot

In other HubSpot news, insider Erika Fisher sold 702 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the transaction, the director directly owned 85,000 shares of the company's stock, valued at $18,792,650. The trade was a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,202 shares of company stock valued at $5,477,709 over the last three months. Company insiders own 3.70% of the company's stock.

HubSpot Stock Down 2.8%

Shares of NYSE:HUBS opened at $240.67 on Wednesday. The firm has a market capitalization of $12.00 billion, a PE ratio of 85.04, a P/E/G ratio of 2.67 and a beta of 1.18. The company has a 50-day moving average price of $226.40 and a two-hundred day moving average price of $224.43. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $525.51.

HubSpot (NYSE:HUBS - Get Free Report) last announced 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. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The company had revenue of $911.74 million for the quarter, compared to analysts' expectations of $898.31 million. During the same period in the prior year, the company posted $2.19 EPS. HubSpot'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. Analysts anticipate that HubSpot, Inc. will post 4.55 earnings per share for the current fiscal year.

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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