HubSpot (NYSE:HUBS – Get Free Report)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a report issued on Friday, Benzinga reports. They currently have a $300.00 price objective on the software maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 30.57% from the company’s previous close.
A number of other research firms also recently commented on HUBS. Oppenheimer downgraded HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 6th. KeyCorp dropped their price target on HubSpot from $290.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. BTIG Research lowered their price objective on shares of HubSpot from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Canaccord Genuity Group dropped their target price on shares of HubSpot from $335.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, BMO Capital Markets downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $230.00 to $215.00 in a report on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $271.90.
Read Our Latest Analysis on HUBS
HubSpot Trading Down 2.8%
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, topping the consensus estimate of $3.02 by $0.24. The business 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 previous year, the company earned $2.19 EPS. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. On average, sell-side analysts forecast that HubSpot will post 4.56 EPS for the current fiscal year.
Insider Buying and Selling
In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $245.64, for a total value of $2,087,940.00. Following the transaction, the director directly owned 68,000 shares in the company, valued at approximately $16,703,520. This represents a 11.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $165,124.44. Following the sale, the insider directly owned 14,581 shares in the company, valued at $3,429,742.82. This represents a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,202 shares of company stock worth $5,998,079. 3.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On HubSpot
A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in HubSpot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock worth $388,917,000 after purchasing an additional 14,159 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in HubSpot by 135.3% during the second quarter. Assenagon Asset Management S.A. now owns 226,818 shares of the software maker’s stock valued at $41,397,000 after buying an additional 130,433 shares in the last quarter. Havemeyer Place LP purchased a new stake in HubSpot during the fourth quarter worth approximately $2,044,000. Forsta AP Fonden grew its stake in HubSpot by 28.2% during the fourth quarter. Forsta AP Fonden now owns 24,620 shares of the software maker’s stock worth $9,880,000 after buying an additional 5,420 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of HubSpot in the second quarter worth $1,366,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
About HubSpot
HubSpot, Inc develops cloud-based customer relationship management (CRM) and marketing software for businesses. Its platform is designed to help organizations attract prospects, manage customer interactions, close sales and provide ongoing service through an integrated set of tools.
The company’s products include Marketing Hub, Sales Hub, Service Hub, Content Hub, Operations Hub and Commerce Hub. These offerings support marketing automation, sales engagement, customer support, content management, data integration, payments and other commercial activities.
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