Freestone Grove Partners LP Invests $60.27 Million in HubSpot, Inc. $HUBS

Freestone Grove Partners LP purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 330,241 shares of the software maker’s stock, valued at approximately $60,272,000. Freestone Grove Partners LP owned approximately 0.66% of HubSpot as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turning Point Benefit Group Inc. acquired a new stake in HubSpot during the third quarter valued at approximately $25,000. Rakuten Securities Inc. grew its position in shares of HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of HubSpot in the 4th quarter worth approximately $33,000. Osterweis Capital Management Inc. bought a new stake in shares of HubSpot in the 2nd quarter valued at approximately $34,000. Finally, Larson Financial Group LLC increased its holdings in shares of HubSpot by 378.9% in the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock valued at $37,000 after acquiring an additional 72 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $219.50, for a total transaction of $1,865,750.00. Following the completion of the transaction, the director owned 76,500 shares in the company, valued at approximately $16,791,750. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Dischler acquired 925 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the acquisition, the director owned 1,940 shares in the company, valued at approximately $418,904.20. This trade represents a 91.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 26,202 shares of company stock worth $5,477,709. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HUBS. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $250.00 to $220.00 in a research report on Thursday, August 6th. Citigroup decreased their price objective on shares of HubSpot from $217.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 7th. Raymond James Financial reiterated an “outperform” rating and set a $250.00 target price on shares of HubSpot in a research note on Friday, May 8th. Canaccord Genuity Group dropped their target price on shares of HubSpot from $335.00 to $300.00 and set a “buy” rating on the stock 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 reduced their price target for the stock from $230.00 to $215.00 in a research report on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $268.90.

HubSpot Trading Down 0.3%

Shares of HubSpot stock opened at $236.86 on Thursday. The business’s 50 day simple moving average is $213.12 and its 200-day simple moving average is $223.38. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 83.70, a PEG ratio of 2.57 and a beta of 1.19. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $525.51.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.24. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The business had revenue of $911.74 million during the quarter, compared to analyst estimates of $898.31 million. During the same quarter in the previous year, the firm posted $2.19 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Sell-side analysts predict that HubSpot, Inc. will post 4.54 earnings per share for the current year.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.