Westpac Banking Corp Purchases New Shares in HubSpot, Inc. $HUBS

Westpac Banking Corp acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,387 shares of the software maker’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new stake in shares of HubSpot during the second quarter worth $4,506,000. EP Wealth Advisors LLC acquired a new stake in shares of HubSpot in the second quarter valued at $386,000. Rakuten Securities Inc. bought a new position in shares of HubSpot in the second quarter valued at about $139,000. Ieq Capital LLC bought a new position in shares of HubSpot in the second quarter valued at about $7,418,000. Finally, Heron Bay Capital Management bought a new position in shares of HubSpot in the second quarter valued at about $1,611,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research analyst reports. BMO Capital Markets lowered shares of HubSpot from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $230.00 to $215.00 in a report on Thursday, August 6th. Wolfe Research downgraded shares of HubSpot from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 6th. BNP Paribas Exane downgraded shares of HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Monday, May 11th. Stifel Nicolaus lowered shares of HubSpot from a “buy” rating to a “hold” rating and reduced their target price for the stock from $275.00 to $200.00 in a research report on Thursday, August 6th. Finally, Mizuho decreased their price target on shares of HubSpot from $300.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $268.90.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Dischler acquired 925 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director directly owned 1,940 shares of the company’s stock, valued at $418,904.20. This trade represents a 91.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 26,202 shares of company stock valued at $5,477,709. 3.70% of the stock is currently owned by insiders.

HubSpot Stock Up 0.2%

Shares of HUBS opened at $240.26 on Friday. The stock’s fifty day simple moving average is $209.65 and its 200-day simple moving average is $223.69. The firm has a market capitalization of $11.98 billion, a PE ratio of 84.90, a price-to-earnings-growth ratio of 2.46 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 data on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.24. The firm had revenue of $911.74 million during the quarter, compared to analyst estimates of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The company’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $2.19 earnings per share. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. 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.