RDST Capital LLC Purchases Shares of 331,796 HubSpot, Inc. $HUBS

RDST Capital LLC acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 331,796 shares of the software maker’s stock, valued at approximately $60,556,000. HubSpot makes up approximately 5.0% of RDST Capital LLC’s holdings, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Empowered Funds LLC raised its position in HubSpot by 88.5% in the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after purchasing an additional 737 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in HubSpot by 12.1% during the second quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock valued at $2,665,000 after purchasing an additional 516 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in HubSpot by 4.7% during the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock valued at $13,222,000 after purchasing an additional 1,077 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of HubSpot in the 2nd quarter valued at approximately $34,000. Finally, Alliancebernstein L.P. grew its stake in shares of HubSpot by 35.0% in 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. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at HubSpot

In related news, Director Gerald Dischler bought 925 shares of the company’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $215.93 per share, with a total value of $199,735.25. Following the completion of the purchase, the director owned 1,940 shares in the company, valued at approximately $418,904.20. The trade was a 91.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $219.50, for a total transaction of $1,865,750.00. Following the completion of the transaction, the director directly owned 76,500 shares of the company’s stock, valued at approximately $16,791,750. This represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,202 shares of company stock worth $5,477,709. 3.70% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

Shares of HUBS stock opened at $243.85 on Tuesday. The stock’s fifty day moving average is $210.81 and its 200-day moving average is $223.33. The stock has a market capitalization of $12.16 billion, a PE ratio of 86.17, a PEG ratio of 2.46 and a beta of 1.19. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $525.51.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.24. The business had revenue of $911.74 million during the quarter, compared to analysts’ expectations of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business posted $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. As a group, analysts forecast that HubSpot, Inc. will post 4.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on HUBS. Canaccord Genuity Group cut their target price on HubSpot from $335.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Stephens cut HubSpot from an “overweight” rating to a “hold” rating and set a $251.00 price target on the stock. in a research report on Thursday, August 6th. Jefferies Financial Group reiterated a “buy” rating and set a $250.00 price objective on shares of HubSpot in a research note on Friday, May 8th. Mizuho cut their price objective on HubSpot from $300.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Finally, Evercore set a $225.00 target price on shares of HubSpot in a research note on Friday, May 8th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $268.90.

About HubSpot

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.