Pictet Asset Management Holding SA Boosts Stock Position in HubSpot, Inc. $HUBS

Pictet Asset Management Holding SA grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 13.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,188,191 shares of the software maker’s stock after purchasing an additional 252,604 shares during the quarter. Pictet Asset Management Holding SA’s holdings in HubSpot were worth $533,993,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI lifted its position in HubSpot by 8.6% in the 3rd quarter. National Bank of Canada FI now owns 379 shares of the software maker’s stock worth $177,000 after buying an additional 30 shares during the last quarter. Montag A & Associates Inc. grew its position in HubSpot by 36.5% during the third quarter. Montag A & Associates Inc. now owns 142 shares of the software maker’s stock valued at $66,000 after acquiring an additional 38 shares during the last quarter. Jackson Thornton Wealth Management LLC grew its position in HubSpot by 6.6% during the fourth quarter. Jackson Thornton Wealth Management LLC now owns 691 shares of the software maker’s stock valued at $274,000 after acquiring an additional 43 shares during the last quarter. Altman Advisors Inc. raised its stake in shares of HubSpot by 1.4% during the third quarter. Altman Advisors Inc. now owns 3,352 shares of the software maker’s stock worth $1,568,000 after acquiring an additional 45 shares in the last quarter. Finally, Rakuten Securities Inc. raised its stake in shares of HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Erika Ashley Fisher sold 915 shares of the 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 sale, the insider directly owned 16,270 shares in the company, valued at approximately $3,850,458.20. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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.

HubSpot Stock Up 8.4%

Shares of NYSE HUBS opened at $184.63 on Friday. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $568.16. The firm’s fifty day moving average is $205.60 and its 200 day moving average is $264.43. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 96.66, a PEG ratio of 2.03 and a beta of 1.21.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.25. The company had revenue of $881.00 million during the quarter, compared to analyst estimates of $863.32 million. HubSpot had a net margin of 3.04% and a return on equity of 5.66%. The firm’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 EPS. 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 research analysts anticipate that HubSpot, Inc. will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of HubSpot from $300.00 to $270.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Evercore set a $225.00 target price on shares of HubSpot in a research report on Friday, May 8th. BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of HubSpot in a research note on Tuesday, April 21st. Citigroup cut HubSpot from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $321.00 to $230.00 in a research note on Friday, May 8th. Finally, Mizuho decreased their price objective on HubSpot from $300.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Twenty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $311.00.

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.