HubSpot, Inc. $HUBS Stake Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 22.4% in the 2nd quarter, Holdings Channel reports. The firm owned 14,219 shares of the software maker’s stock after purchasing an additional 2,604 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in HubSpot were worth $7,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,387 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. The trade was a 4.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the sale, the director directly owned 522,435 shares of the company’s stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 51,098 shares of company stock worth $24,757,257. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HUBS has been the subject of several recent research reports. The Goldman Sachs Group lowered their target price on HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a report on Friday, November 7th. Wall Street Zen upgraded HubSpot from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James Financial dropped their target price on HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Oppenheimer reduced their price target on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Canaccord Genuity Group lowered 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, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $620.41.

HubSpot Stock Performance

HUBS opened at $394.66 on Wednesday. The company has a market capitalization of $20.67 billion, a PE ratio of -4,933.25, a P/E/G ratio of 12.71 and a beta of 1.60. The stock’s fifty day moving average is $471.61 and its 200-day moving average is $524.53. HubSpot, Inc. has a one year low of $375.01 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 5th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter last year, the business posted $2.18 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.