Retirement Systems of Alabama Acquires 76,400 Shares of HubSpot, Inc. $HUBS

Retirement Systems of Alabama bought a new stake in HubSpot, Inc. (NYSE:HUBS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 76,400 shares of the software maker’s stock, valued at approximately $15,660,000.

Several other large investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its holdings in shares of HubSpot by 135.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 226,818 shares of the software maker’s stock worth $41,397,000 after acquiring an additional 130,433 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of HubSpot during the 2nd quarter worth $1,366,000. Meeder Asset Management Inc. acquired a new position in HubSpot in the second quarter valued at $5,860,000. The Manufacturers Life Insurance Company grew its position in HubSpot by 175.3% during the first quarter. The Manufacturers Life Insurance Company now owns 11,063 shares of the software maker’s stock valued at $2,700,000 after acquiring an additional 7,044 shares during the period. Finally, Engineers Gate Manager LP grew its position in HubSpot by 58.8% during the second quarter. Engineers Gate Manager LP now owns 68,704 shares of the software maker’s stock valued at $12,539,000 after acquiring an additional 25,441 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $239.57, for a total value of $2,036,345.00. Following the sale, the director owned 59,500 shares of the company’s stock, valued at approximately $14,254,415. This trade represents a 12.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Erika Fisher sold 702 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total value of $159,859.44. Following the completion of the sale, the insider directly owned 12,829 shares in the company, valued at $2,921,419.88. This represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,202 shares of company stock valued at $6,149,894 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Key Headlines Impacting HubSpot

Investors following HUBS have been watching these headlines:

• Positive Sentiment: Co-founder Brian Halligan is returning as CEO, replacing Yamini Rangan, in a move described as a “refounding” of the company. HubSpot also named Karen Burgess as its next CFO. Investors appear to be welcoming the leadership reset. Reuters: HubSpot co-founder Brian Halligan returns as CEO
• Positive Sentiment: HubSpot raised its FY2026 adjusted EPS guidance to $13.59–$13.61, well above the $11.84 consensus estimate. Its Q4 EPS forecast of $3.85–$3.87 also tops the $3.44 consensus, signaling stronger expected profitability. Yahoo Finance: HubSpot announces leadership transition
• Neutral Sentiment: Revenue guidance is broadly in line with expectations: $3.7 billion for FY2026 and $945–$947 million for Q4, versus consensus of $3.7 billion and $946.8 million, respectively. Yahoo Finance: HubSpot stock rises on leadership overhaul

HubSpot Trading Up 6.3%

HUBS stock opened at $215.72 on Friday. The stock’s 50 day simple moving average is $228.14 and its 200 day simple moving average is $227.63. HubSpot, Inc. has a 12-month low of $169.63 and a 12-month high of $406.94. The firm has a market cap of $10.54 billion, a P/E ratio of 51.49, a P/E/G ratio of 1.93 and a beta of 1.14.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.54. HubSpot had a net margin of 5.95% and a return on equity of 12.18%. The company had revenue of $947.57 million for the quarter, compared to the consensus estimate of $925.50 million. During the same period last year, the firm posted $2.66 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, research analysts forecast that HubSpot, Inc. will post 5.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HUBS shares. Cantor Fitzgerald cut HubSpot from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $265.00 to $170.00 in a report on Thursday, November 5th. Stephens lifted their target price on shares of HubSpot from $251.00 to $255.00 and gave the company an “equal weight” rating in a report on Monday, September 21st. JPMorgan Chase & Co. cut their price objective on HubSpot from $240.00 to $224.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th. KeyCorp cut HubSpot from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 5th. Finally, Piper Sandler reduced their target price on shares of HubSpot from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $251.23.

HubSpot Company Profile

HubSpot, Inc. develops cloud-based customer relationship management software designed to help businesses attract and engage customers, manage sales, and provide customer support. Founded in 2006 by Brian Halligan and Dharmesh Shah, the company helped popularize inbound marketing, an approach focused on drawing customers in with useful content and experiences. Its platform combines a central CRM with products for marketing, sales, customer service, content management, operations, and commerce. HubSpot also offers automation, analytics, and artificial intelligence features to help organizations manage customer interactions and coordinate business processes.