New Mexico Educational Retirement Board Buys New Stake in HubSpot, Inc. $HUBS

New Mexico Educational Retirement Board purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,500 shares of the software maker’s stock, valued at approximately $2,152,000.

Other institutional investors have also recently made changes to their positions in the company. Access Investment Management LLC bought a new stake in HubSpot during the third quarter valued at $32,000. Elevation Wealth Partners LLC increased its stake in HubSpot by 66.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 175 shares of the software maker’s stock worth $36,000 after acquiring an additional 70 shares during the last quarter. Global Retirement Partners LLC bought a new position in HubSpot in the 2nd quarter worth about $38,000. Provenance Wealth Advisors LLC raised its holdings in shares of HubSpot by 152.2% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 290 shares of the software maker’s stock valued at $59,000 after acquiring an additional 175 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of HubSpot by 4,785.7% in the 2nd quarter. CX Institutional now owns 342 shares of the software maker’s stock valued at $62,000 after acquiring an additional 335 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HUBS shares. Stephens lifted their price target on HubSpot from $251.00 to $255.00 and gave the company an “equal weight” rating in a research report on Monday, September 21st. Cantor Fitzgerald downgraded shares of HubSpot from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $265.00 to $170.00 in a research note on Thursday, November 5th. Morgan Stanley downgraded shares of HubSpot from an “overweight” rating to an “equal weight” rating and set a $229.00 target price on the stock. in a research note on Thursday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of HubSpot in a research report on Tuesday, October 6th. Finally, UBS Group reissued a “hold” rating on shares of HubSpot in a research note on Thursday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, HubSpot has an average rating of “Hold” and an average target price of $251.23.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total value of $2,036,345.00. Following the completion of the sale, the director directly owned 59,500 shares of the company’s stock, valued at $14,254,415. The trade was a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Erika Fisher sold 702 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $227.72, for a total transaction of $159,859.44. Following the sale, the insider owned 12,829 shares of the company’s stock, valued at approximately $2,921,419.88. The trade was a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,202 shares of company stock worth $6,149,894. 3.70% of the stock is owned by corporate insiders.

Top HubSpot Stories

These are some of the HUBS stories that stood out recently:

• Positive Sentiment: KeyCorp raised its FY2026 and FY2027 EPS forecasts to $5.11 and $7.53, respectively, from $4.60 and $6.46. HubSpot’s latest reported quarter also beat consensus EPS and revenue estimates, with revenue up 17.1% year over year. KeyCorp estimate updates
• Positive Sentiment: HubSpot completed $1 billion in share repurchases over 24 months, returning capital to shareholders and potentially supporting per-share results. HubSpot completed a $1 billion share repurchase
• Neutral Sentiment: Zacks characterized HUBS as a strong value stock, although the article provides no specific price target in the supplied summary. Another Zacks piece compares HubSpot with Braze, leaving the relative-value conclusion unclear. Zacks on HubSpot value

HubSpot Trading Up 2.8%

Shares of NYSE HUBS opened at $202.60 on Thursday. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 48.35, a P/E/G ratio of 1.88 and a beta of 1.14. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year high of $406.94. The stock’s 50-day moving average is $228.74 and its 200 day moving average is $228.20.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.54. The business had revenue of $947.57 million during the quarter, compared to analyst estimates of $925.50 million. HubSpot had a return on equity of 12.18% and a net margin of 5.95%. HubSpot’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.66 earnings per share. On average, analysts forecast that HubSpot, Inc. will post 5.12 EPS for the current fiscal year.

HubSpot 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.