Wellington Management Group LLP Has $50.56 Million Holdings in HubSpot, Inc. $HUBS

Key Points

• Wellington Management cut its HubSpot stake by 45.6% in the second quarter, selling 231,935 shares and retaining 277,012 shares worth approximately $50.56 million. Institutional investors collectively own 90.39% of HubSpot.
• HubSpot exceeded quarterly expectations, reporting $3.26 in earnings per share versus the $3.02 consensus estimate and $911.74 million in revenue, up 19.8% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and average price target of $271.07. HubSpot shares opened at $255.24, while recent insider activity included $5.48 million in net insider sales.

Wellington Management Group LLP decreased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 45.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,012 shares of the software maker's stock after selling 231,935 shares during the quarter. Wellington Management Group LLP owned approximately 0.56% of HubSpot worth $50,557,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Beacon Pointe Advisors LLC bought a new stake in HubSpot during the 2nd quarter worth about $2,630,000. Empowered Funds LLC bought a new stake in shares of HubSpot during the second quarter valued at approximately $3,028,000. United Capital Financial Advisors LLC acquired a new stake in shares of HubSpot in the second quarter valued at approximately $491,000. Public Employees Retirement System of Ohio bought a new position in HubSpot in the 2nd quarter worth approximately $2,600,000. Finally, Capstone Investment Advisors LLC bought a new position in HubSpot in the 2nd quarter worth approximately $341,000. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $219.50, for a total value of $1,865,750.00. Following the completion of the transaction, the director directly owned 76,500 shares of the company's stock, valued at approximately $16,791,750. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Dischler purchased 925 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 26,202 shares of company stock worth $5,477,709 in the last quarter. Corporate insiders own 3.70% of the company's stock.

HubSpot Stock Up 4.0%

Shares of HubSpot stock opened at $255.24 on Friday. The business has a fifty day simple moving average of $222.73 and a 200 day simple moving average of $224.47. The stock has a market cap of $12.73 billion, a PE ratio of 90.19, a price-to-earnings-growth ratio of 2.66 and a beta of 1.18. 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 released its earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.24. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts expect that HubSpot, Inc. will post 4.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. KeyCorp decreased their price objective on HubSpot from $290.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Capital One Financial set a $206.00 price target on HubSpot and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Evercore set a $225.00 price objective on HubSpot in a report on Friday, May 8th. Jefferies Financial Group restated a "buy" rating and set a $250.00 target price on shares of HubSpot in a research report on Friday, May 8th. Finally, Zacks Research lowered shares of HubSpot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $271.07.

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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