HubSpot, Inc. $HUBS Stock Position Raised by KBC Group NV

KBC Group NV boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 299.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,579 shares of the software maker’s stock after buying an additional 60,421 shares during the period. KBC Group NV owned 0.15% of HubSpot worth $44,853,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in HubSpot by 19.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after buying an additional 1,533 shares during the period. Moody Lynn & Lieberson LLC lifted its holdings in shares of HubSpot by 2,038.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of HubSpot by 24.1% in the second quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock worth $7,363,000 after acquiring an additional 2,569 shares in the last quarter. Nordea Investment Management AB boosted its stake in HubSpot by 74.4% in the 2nd quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after purchasing an additional 6,846 shares during the period. Finally, Acadian Asset Management LLC raised its position in HubSpot by 15.0% during the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after buying an additional 660 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the sale, the chief executive officer owned 56,277 shares in the company, valued at $28,138,500. The trade was a 4.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Dharmesh Shah sold 4,747 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the sale, the chief technology officer directly owned 1,271,058 shares of the company’s stock, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,098 shares of company stock valued at $24,757,257 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $450.00 target price (down previously from $610.00) on shares of HubSpot in a research report on Monday. BMO Capital Markets dropped their target price on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Cantor Fitzgerald lowered their price objective on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Canaccord Genuity Group cut their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Truist Financial lowered their price target on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $620.41.

HubSpot Trading Down 0.1%

NYSE:HUBS opened at $394.57 on Thursday. The firm has a 50 day moving average of $470.05 and a 200-day moving average of $523.62. HubSpot, Inc. has a 1 year low of $375.01 and a 1 year high of $881.13. The stock has a market capitalization of $20.67 billion, a P/E ratio of -4,932.16, a price-to-earnings-growth ratio of 13.40 and a beta of 1.60.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. The company had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. As a group, 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.