Oppenheimer Asset Management Inc. Acquires New Position in HubSpot, Inc. $HUBS

Oppenheimer Asset Management Inc. acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the 2nd quarter, HoldingsChannel reports. The firm acquired 7,482 shares of the software maker’s stock, valued at approximately $1,366,000.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after purchasing an additional 737 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of HubSpot by 12.1% in the 2nd quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock worth $2,665,000 after purchasing an additional 516 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of HubSpot by 4.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock worth $13,222,000 after purchasing an additional 1,077 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in HubSpot during the 2nd quarter valued at approximately $34,000. Finally, Alliancebernstein L.P. boosted its position in HubSpot by 35.0% during the 2nd quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock valued at $209,335,000 after purchasing an additional 97,469 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on HubSpot from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Canaccord Genuity Group reduced their price target on shares of HubSpot from $335.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, August 6th. KeyCorp lowered their price target on shares of HubSpot from $290.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Zacks Research lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $250.00 to $220.00 in a report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $268.90.

Insider Activity at HubSpot

In related news, Director Gerald Dischler acquired 925 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the purchase, the director directly owned 1,940 shares in the company, valued at $418,904.20. This trade represents a 91.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $221.09, for a total transaction of $1,879,265.00. Following the completion of the sale, the director directly owned 85,000 shares of the company’s stock, valued at $18,792,650. The trade was a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,202 shares of company stock worth $5,481,959 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

HubSpot Price Performance

HUBS opened at $223.94 on Monday. The stock’s 50 day moving average price is $205.84 and its 200 day moving average price is $225.51. The stock has a market cap of $11.17 billion, a P/E ratio of 79.13, a P/E/G ratio of 2.29 and a beta of 1.19. HubSpot, Inc. has a 12 month low of $169.63 and a 12 month high of $525.51.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.24. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The company had revenue of $911.74 million during the quarter, compared to analyst estimates of $898.31 million. During the same quarter in the previous year, the firm posted $2.19 EPS. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Equities analysts anticipate that HubSpot, Inc. will post 4.54 EPS for the current year.

HubSpot Company 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.