Profund Advisors LLC Reduces Stake in HubSpot, Inc. $HUBS

Profund Advisors LLC cut its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 31.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,075 shares of the software maker’s stock after selling 965 shares during the period. Profund Advisors LLC’s holdings in HubSpot were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of HUBS. Vanguard Group Inc. increased its position in shares of HubSpot by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after purchasing an additional 201,994 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after buying an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after buying an additional 251,853 shares during the period. Jennison Associates LLC increased its position in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares during the last quarter. Finally, Groupama Asset Managment raised its stake in shares of HubSpot by 0.8% in the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker’s stock valued at $418,514,000 after acquiring an additional 5,779 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CTO Dharmesh Shah sold 17,253 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $500.66, for a total value of $8,637,886.98. Following the sale, the chief technology officer directly owned 1,275,805 shares in the company, valued at approximately $638,744,531.30. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director owned 522,435 shares of the company’s stock, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 51,098 shares of company stock valued at $24,757,257. 4.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on HUBS. Citigroup lifted their price target on shares of HubSpot from $650.00 to $658.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Saturday. Oppenheimer dropped their target price on HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Sanford C. Bernstein raised HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price on the stock in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets reduced their price target on HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $620.41.

HubSpot Trading Up 2.2%

HUBS opened at $394.66 on Wednesday. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of -4,933.25, a PEG ratio of 12.71 and a beta of 1.60. HubSpot, Inc. has a 12-month low of $375.01 and a 12-month high of $881.13. The business’s fifty day simple moving average is $471.61 and its 200-day simple moving average is $524.53.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. During the same quarter last year, the firm posted $2.18 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. On average, equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.