Franklin Resources Inc. Cuts Stock Holdings in HubSpot, Inc. $HUBS

Franklin Resources Inc. lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 66.9% during the fourth quarter, Holdings Channel reports. The fund owned 358,741 shares of the software maker’s stock after selling 724,696 shares during the period. Franklin Resources Inc.’s holdings in HubSpot were worth $143,963,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of HubSpot by 6.4% during the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after acquiring an additional 345,524 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of HubSpot by 32.7% during 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 purchasing an additional 476,740 shares in the last quarter. State Street Corp grew its stake in shares of HubSpot by 1.9% during the third quarter. State Street Corp now owns 1,148,895 shares of the software maker’s stock worth $537,453,000 after purchasing an additional 21,358 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of HubSpot by 1.5% during the fourth 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. Finally, Capital World Investors acquired a new position in shares of HubSpot during the fourth quarter worth $259,930,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of HubSpot from $405.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Bank of America reiterated an “underperform” rating and set a $180.00 target price (down from $300.00) on shares of HubSpot in a research note on Friday, May 8th. KeyCorp lowered their target price on shares of HubSpot from $340.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of HubSpot from $530.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Mizuho decreased their price objective on shares of HubSpot from $300.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Twenty-two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $311.00.

HubSpot Stock Down 2.3%

NYSE:HUBS opened at $193.08 on Thursday. HubSpot, Inc. has a fifty-two week low of $173.25 and a fifty-two week high of $587.00. The stock has a market cap of $9.89 billion, a PE ratio of 101.09, a price-to-earnings-growth ratio of 2.16 and a beta of 1.21. The firm’s fifty day simple moving average is $216.40 and its 200-day simple moving average is $279.66.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.25. HubSpot had a net margin of 3.04% and a return on equity of 5.66%. The company had revenue of $881.00 million during the quarter, compared to analysts’ expectations of $863.32 million. During the same period last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue 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. Equities analysts anticipate that HubSpot, Inc. will post 4.39 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Dharmesh Shah bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $181.37 per share, with a total value of $1,813,700.00. Following the completion of the acquisition, the chief technology officer owned 1,295,400 shares in the company, valued at approximately $234,946,698. This represents a 0.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $220.00, for a total transaction of $1,870,000.00. Following the transaction, the director directly owned 353,500 shares of the company’s stock, valued at approximately $77,770,000. This trade represents a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 14,063 shares of company stock valued at $2,585,781 and sold 26,207 shares valued at $6,233,049. 3.70% of the stock is currently owned by corporate insiders.

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.