169,740 Shares in HubSpot, Inc. $HUBS Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) during the first quarter, Holdings Channel reports. The fund bought 169,740 shares of the software maker’s stock, valued at approximately $41,434,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HUBS. National Bank of Canada FI boosted its holdings in shares of HubSpot by 8.6% in the third 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 period. Jackson Thornton Wealth Management LLC raised its holdings in shares of 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 period. Rakuten Securities Inc. raised its holdings in shares of HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after acquiring an additional 47 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of HubSpot by 2.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker’s stock valued at $994,000 after acquiring an additional 51 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its position in shares of HubSpot by 3.3% in the 4th quarter. Elevation Point Wealth Partners LLC now owns 1,738 shares of the software maker’s stock valued at $697,000 after acquiring an additional 55 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Up 9.1%

NYSE:HUBS opened at $223.57 on Tuesday. HubSpot, Inc. has a 12 month low of $169.63 and a 12 month high of $568.16. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 117.05, a P/E/G ratio of 2.24 and a beta of 1.22. The company’s 50 day moving average is $201.15 and its 200-day moving average is $236.27.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.25. HubSpot had a return on equity of 5.66% and a net margin of 3.04%.The business had revenue of $881.00 million for the quarter, compared to analyst estimates of $863.32 million. During the same period in the previous year, the company posted $1.84 earnings per share. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. HubSpot has set its Q2 2026 guidance at 3.000-3.020 EPS and its FY 2026 guidance at 13.040-13.120 EPS. Research analysts predict that HubSpot, Inc. will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on HUBS. KeyCorp lowered their target price on HubSpot from $340.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Wells Fargo & Company reissued an “equal weight” rating and issued a $225.00 price target (down from $300.00) on shares of HubSpot in a research report on Monday, July 20th. Royal Bank Of Canada lowered their price objective on shares of HubSpot from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Evercore set a $225.00 price objective on shares of HubSpot in a research note on Friday, May 8th. Finally, Bank of America reiterated an “underperform” rating and issued a $180.00 target price (down from $300.00) on shares of HubSpot in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $307.86.

Insider Activity

In other news, CTO Dharmesh Shah bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $181.37 per share, for a total transaction of $1,813,700.00. Following the completion of the purchase, the chief technology officer owned 1,295,400 shares of the company’s stock, valued at $234,946,698. This trade represents a 0.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $184.42, for a total transaction of $1,567,570.00. Following the completion of the transaction, the director owned 93,500 shares of the company’s stock, valued at approximately $17,243,270. This represents a 8.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 14,063 shares of company stock valued at $2,585,781 and sold 17,915 shares valued at $3,654,114. 3.70% of the stock is currently owned by insiders.

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.