Wellington Management Group LLP Sells 231,935 Shares of HubSpot, Inc. $HUBS

Wellington Management Group LLP lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 45.6% in the second quarter, Holdings Channel.com reports. The firm owned 277,012 shares of the software maker’s stock after selling 231,935 shares during the period. Wellington Management Group LLP’s holdings in HubSpot were worth $50,557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUBS. Beacon Pointe Advisors LLC acquired a new position in shares of HubSpot during the second quarter worth about $2,630,000. Empowered Funds LLC bought a new stake in HubSpot in the 2nd quarter valued at approximately $3,028,000. United Capital Financial Advisors LLC acquired a new position in HubSpot during the 2nd quarter worth approximately $491,000. Public Employees Retirement System of Ohio bought a new position in shares of HubSpot during the 2nd quarter worth approximately $2,600,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of HubSpot in the second quarter valued at approximately $341,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS stock opened at $255.24 on Friday. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $525.51. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 90.19, a PEG ratio of 2.66 and a beta of 1.18. The company has a 50-day simple moving average of $222.73 and a 200 day simple moving average of $224.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.24. The firm had revenue of $911.74 million for the quarter, compared to analysts’ expectations of $898.31 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.19 EPS. 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 forecast that HubSpot, Inc. will post 4.54 EPS for the current year.

Insider Transactions at HubSpot

In other news, Director Gerald Dischler bought 925 shares of the stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total value of $1,879,265.00. Following the sale, the director directly owned 85,000 shares of the company’s stock, valued at approximately $18,792,650. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,202 shares of company stock worth $5,477,709. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HUBS shares. Stifel Nicolaus cut shares of HubSpot from a “buy” rating to a “hold” rating and reduced their target price for the stock from $275.00 to $200.00 in a report on Thursday, August 6th. Stephens cut shares of HubSpot from an “overweight” rating to a “hold” rating and set a $251.00 price target on the stock. in a research report on Thursday, August 6th. Wolfe Research downgraded shares of HubSpot from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 6th. Evercore set a $225.00 price objective on HubSpot in a report on Friday, May 8th. Finally, TD Cowen lifted their target price on HubSpot from $220.00 to $285.00 and gave the company a “hold” rating in a research report on Tuesday. Fifteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Hold” and a consensus target price of $271.07.

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.