Kovitz Investment Group Partners LLC Reduces Position in HubSpot, Inc. $HUBS

Kovitz Investment Group Partners LLC lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 92.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,758 shares of the software maker’s stock after selling 67,009 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in HubSpot were worth $2,311,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of HubSpot by 36.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock valued at $1,838,727,000 after buying an additional 1,224,424 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after buying an additional 476,740 shares in the last quarter. State Street Corp increased its holdings in HubSpot by 3.7% during the 4th quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after acquiring an additional 42,948 shares during the period. AQR Capital Management LLC increased its holdings in HubSpot by 117.6% during the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after acquiring an additional 642,545 shares during the period. Finally, Geode Capital Management LLC lifted its stake in HubSpot by 1.5% in 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. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HUBS stock opened at $176.04 on Friday. The stock has a market capitalization of $9.02 billion, a PE ratio of 92.17, a P/E/G ratio of 1.93 and a beta of 1.21. HubSpot, Inc. has a 1-year low of $171.65 and a 1-year high of $568.16. The business has a 50-day moving average of $208.51 and a 200 day moving average of $271.39.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.25. HubSpot had a return on equity of 5.66% and a net margin of 3.04%.The business had revenue of $881.00 million for the quarter, compared to analyst estimates of $863.32 million. During the same period last year, the company earned $1.84 EPS. HubSpot’s revenue for the quarter was up 23.4% compared to the same quarter last year. HubSpot has set its Q2 2026 guidance at 3.000-3.020 EPS and its FY 2026 guidance at 13.040-13.120 EPS. Analysts anticipate that HubSpot, Inc. will post 4.39 EPS for the current year.

Insider Activity

In other news, insider Erika Ashley Fisher sold 915 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $236.66, for a total transaction of $216,543.90. Following the completion of the transaction, the insider directly owned 16,270 shares of the company’s stock, valued at approximately $3,850,458.20. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Yamini Rangan bought 2,750 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $189.84 per share, with a total value of $522,060.00. Following the completion of the acquisition, the chief executive officer owned 102,982 shares of the company’s stock, valued at $19,550,102.88. This trade represents a 2.74% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 14,063 shares of company stock valued at $2,585,781 and sold 26,207 shares valued at $5,567,244. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James Financial restated an “outperform” rating and set a $250.00 price target on shares of HubSpot in a research report on Friday, May 8th. Zacks Research downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group reissued a “buy” rating and set a $382.00 price objective on shares of HubSpot in a research note on Friday, May 8th. Piper Sandler reduced their target price on HubSpot from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Citigroup lowered HubSpot from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $321.00 to $230.00 in a research note on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $311.00.

HubSpot Company 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.