State of Alaska Department of Revenue Buys New Shares in HubSpot, Inc. $HUBS

State of Alaska Department of Revenue bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,728 shares of the software maker’s stock, valued at approximately $969,000.

Several other hedge funds have also modified their holdings of HUBS. BlackRock Inc. purchased a new stake in shares of HubSpot in the second quarter valued at approximately $631,386,000. Pictet Asset Management Holding SA grew its holdings in HubSpot by 13.1% during the first quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker’s stock worth $533,993,000 after acquiring an additional 252,604 shares during the period. Arrowstreet Capital Limited Partnership raised its position in HubSpot by 352.1% in the first 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in HubSpot in the second quarter worth $112,671,000. Finally, Amundi raised its position in HubSpot by 33.4% in the first quarter. Amundi now owns 586,037 shares of the software maker’s stock worth $143,052,000 after acquiring an additional 146,871 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on HUBS shares. William Blair reissued a “market perform” rating on shares of HubSpot in a report on Tuesday, October 6th. Citigroup lowered their price target on shares of HubSpot from $217.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. UBS Group reaffirmed a “hold” rating on shares of HubSpot in a research note on Wednesday, October 14th. Truist Financial increased their price target on shares of HubSpot from $230.00 to $275.00 and gave the company a “buy” rating in a report on Monday, September 21st. Finally, Canaccord Genuity Group reduced their price objective on shares of HubSpot from $335.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $264.97.

Insider Buying and Selling at HubSpot

In other news, Director Gerald Dischler purchased 925 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the transaction, the director directly owned 1,940 shares in the company, valued at $418,904.20. This represents a 91.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total value of $2,036,345.00. Following the completion of the transaction, the director owned 59,500 shares of the company’s stock, valued at approximately $14,254,415. This represents a 12.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,202 shares of company stock valued at $6,155,159. Insiders own 3.70% of the company’s stock.

HubSpot Price Performance

HUBS opened at $249.80 on Thursday. The stock has a market cap of $12.46 billion, a P/E ratio of 78.86, a P/E/G ratio of 2.59 and a beta of 1.24. The stock’s 50 day simple moving average is $231.85 and its 200 day simple moving average is $217.68. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year high of $497.96.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%. HubSpot’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the business posted $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. Research analysts expect that HubSpot, Inc. will post 4.63 EPS for the current fiscal year.

HubSpot Profile

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company’s offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.