Heron Bay Capital Management Takes Position in HubSpot, Inc. $HUBS

Heron Bay Capital Management bought a new position in HubSpot, Inc. (NYSE:HUBS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,826 shares of the software maker’s stock, valued at approximately $1,611,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rakuten Securities Inc. boosted its stake in shares of HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in HubSpot during the 3rd quarter valued at about $25,000. Osterweis Capital Management Inc. bought a new stake in HubSpot during the second quarter worth about $34,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $33,000. Finally, Larson Financial Group LLC grew its position in HubSpot by 378.9% during the 4th quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock worth $37,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, Director Gerald Dischler purchased 925 shares of the business’s stock in a transaction on Monday, August 10th. The stock was purchased at an average price 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. The trade was a 91.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction 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 owned 85,000 shares of the company’s stock, valued at approximately $18,792,650. This represents a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,202 shares of company stock valued at $5,477,709. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BNP Paribas Exane cut HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on shares of HubSpot from $530.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Wells Fargo & Company downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 6th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $250.00 to $220.00 in a research report on Thursday, August 6th. Finally, 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 report on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, HubSpot currently has a consensus rating of “Hold” and a consensus price target of $268.90.

HubSpot Stock Up 0.2%

Shares of HUBS stock opened at $240.26 on Friday. The firm has a fifty day moving average of $209.65 and a 200-day moving average of $223.69. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 84.90, a P/E/G ratio of 2.45 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. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The business had revenue of $911.74 million for the quarter, compared to analyst estimates of $898.31 million. During the same quarter in the previous year, the firm posted $2.19 earnings per share. The firm’s revenue for the quarter 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. On average, equities analysts expect that HubSpot, Inc. will post 4.54 EPS for the current year.

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.