HubSpot (NYSE:HUBS) Trading 6% Higher – Here’s Why

HubSpot, Inc. (NYSE:HUBS)’s share price was up 6% during mid-day trading on Thursday . The stock traded as high as $262.95 and last traded at $260.3130. 83,951 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 1,788,045 shares. The stock had previously closed at $245.51.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several research analyst reports. William Blair cut HubSpot from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Evercore set a $225.00 price target on shares of HubSpot in a research report on Friday, May 8th. Wall Street Zen cut shares of HubSpot from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Oppenheimer downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 6th. Finally, Capital One Financial set a $206.00 price objective on shares of HubSpot and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $271.07.

HubSpot Stock Performance

The firm’s 50 day moving average is $223.98 and its 200-day moving average is $224.63. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 87.36, a price-to-earnings-growth ratio of 2.75 and a beta of 1.18.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The firm had revenue of $911.74 million during the quarter, compared to analysts’ expectations of $898.31 million. During the same period in the prior year, the company posted $2.19 earnings per share. HubSpot’s revenue for the quarter was up 19.8% on a year-over-year basis. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. As a group, research analysts predict that HubSpot, Inc. will post 4.55 EPS for the current year.

Insider Transactions at HubSpot

In other news, insider Erika Fisher sold 702 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total transaction of $165,124.44. Following the transaction, the insider owned 14,581 shares of the company’s stock, valued at approximately $3,429,742.82. This represents a 4.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $219.50, for a total value of $1,865,750.00. Following the completion of the transaction, the director directly owned 76,500 shares in the company, valued at $16,791,750. The trade was a 10.00% 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 $5,477,709. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in shares of HubSpot by 17,004.9% during the 2nd quarter. California State Teachers Retirement System now owns 10,573,899 shares of the software maker’s stock worth $1,929,842,000 after buying an additional 10,512,081 shares during the period. BlackRock Inc. acquired a new position in HubSpot in the 2nd quarter valued at $631,386,000. Price T Rowe Associates Inc. MD raised its holdings in HubSpot by 36.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after acquiring an additional 1,224,424 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in HubSpot by 352.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock worth $220,559,000 after acquiring an additional 703,706 shares during the period. Finally, Capital World Investors acquired a new position in HubSpot during the 4th quarter worth $259,930,000. Institutional investors own 90.39% of the company’s stock.

About HubSpot

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.