Resona Asset Management Co. Ltd. Raises Stake in HubSpot, Inc. $HUBS

Resona Asset Management Co. Ltd. raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,713 shares of the software maker’s stock after acquiring an additional 1,102 shares during the period. Resona Asset Management Co. Ltd.’s holdings in HubSpot were worth $9,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Whittier Trust Co. boosted its stake in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Hilltop National Bank bought a new stake in HubSpot in the second quarter worth $32,000. Cullen Frost Bankers Inc. boosted its position in HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after buying an additional 34 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in HubSpot during the first quarter valued at about $35,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of HubSpot during the second quarter valued at about $39,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Up 0.7%

Shares of HUBS stock opened at $397.83 on Friday. The firm has a market capitalization of $20.84 billion, a price-to-earnings ratio of -4,972.91, a PEG ratio of 13.77 and a beta of 1.60. The stock has a fifty day moving average of $475.10 and a 200 day moving average of $527.88. HubSpot, Inc. has a 52 week low of $375.01 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. During the same period in the prior year, the business earned $2.18 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

HUBS has been the subject of a number of recent research reports. Evercore ISI set a $500.00 target price on HubSpot in a research note on Thursday. Needham & Company LLC lowered their price objective on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America cut their target price on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a report on Thursday. Oppenheimer decreased their target price on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group dropped their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $626.50.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the transaction, the chief financial officer owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 17,253 shares of HubSpot stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.66, for a total value of $8,637,886.98. Following the sale, the chief technology officer owned 1,275,805 shares in the company, valued at $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,098 shares of company stock valued at $24,757,257 in the last three months. Corporate insiders own 4.00% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.