TimesSquare Capital Management LLC Has $133.37 Million Holdings in HubSpot, Inc. $HUBS

TimesSquare Capital Management LLC increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,598 shares of the software maker’s stock after acquiring an additional 21,538 shares during the quarter. HubSpot makes up about 1.9% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 4th largest position. TimesSquare Capital Management LLC’s holdings in HubSpot were worth $133,367,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in shares of HubSpot by 17.0% in the 1st 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 purchasing an additional 714,980 shares during the period. Jennison Associates LLC raised its stake in HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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. Vanguard Group Inc. boosted its position in 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 acquiring an additional 201,994 shares in the last quarter. Finally, Nuveen LLC bought a new stake in HubSpot during the 1st quarter valued at $99,963,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 2.2%

NYSE:HUBS opened at $394.66 on Wednesday. HubSpot, Inc. has a twelve month low of $375.01 and a twelve month high of $881.13. The company has a market cap of $20.67 billion, a PE ratio of -4,933.25, a P/E/G ratio of 12.71 and a beta of 1.60. The company’s 50 day moving average is $471.61 and its two-hundred day moving average is $524.53.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $2.66 earnings per share 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 firm had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. During the same period in the previous year, the company earned $2.18 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. As a group, analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial reduced their price target on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Cantor Fitzgerald reduced their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Barclays decreased their price target on shares of HubSpot from $675.00 to $575.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. Finally, BMO Capital Markets reduced their price objective on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $620.41.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the transaction, the chief executive officer owned 56,277 shares of the company’s stock, valued at $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 17,253 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the transaction, the chief technology officer owned 1,275,805 shares of the company’s stock, valued at $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,098 shares of company stock worth $24,757,257 in the last 90 days. Corporate insiders own 4.00% of the company’s stock.

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.