HubSpot, Inc. $HUBS Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 22.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,219 shares of the software maker’s stock after acquiring an additional 2,604 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in HubSpot were worth $7,915,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HUBS. Altman Advisors Inc. boosted its position in shares of HubSpot by 1.8% in the second quarter. Altman Advisors Inc. now owns 3,307 shares of the software maker’s stock worth $1,845,000 after acquiring an additional 58 shares during the last quarter. Pier 88 Investment Partners LLC increased its position in HubSpot by 45.6% during the second quarter. Pier 88 Investment Partners LLC now owns 1,500 shares of the software maker’s stock worth $835,000 after purchasing an additional 470 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in HubSpot by 5.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 42,986 shares of the software maker’s stock worth $23,927,000 after purchasing an additional 2,338 shares during the period. Freemont Management S.A. boosted its holdings in shares of HubSpot by 30.1% in the 2nd quarter. Freemont Management S.A. now owns 9,500 shares of the software maker’s stock valued at $5,288,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of HubSpot by 24.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock valued at $7,363,000 after purchasing an additional 2,569 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 17,253 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the transaction, the chief technology officer owned 1,275,805 shares of the company’s stock, valued at approximately $638,744,531.30. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares of the company’s stock, valued at $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 51,098 shares of company stock valued at $24,757,257 in the last 90 days. 4.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on HUBS shares. Rothschild Redb downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company lowered their price target on HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Oppenheimer cut their price objective on HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. UBS Group set a $500.00 price objective on HubSpot in a research note on Friday. Finally, Macquarie decreased their target price on HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $620.41.

HubSpot Stock Up 2.2%

HUBS stock opened at $394.66 on Wednesday. The stock’s 50 day moving average is $471.61 and its two-hundred day moving average is $524.53. HubSpot, Inc. has a 52-week low of $375.01 and a 52-week high of $881.13. 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.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.58 by $0.08. The company had revenue of $809.52 million during 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 was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 EPS. 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, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot 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.