Panagora Asset Management Inc. Sells 7,250 Shares of HubSpot, Inc. $HUBS

Panagora Asset Management Inc. lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,281 shares of the software maker’s stock after selling 7,250 shares during the quarter. Panagora Asset Management Inc.’s holdings in HubSpot were worth $38,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HUBS. Empowered Funds LLC raised its stake in shares of 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 buying an additional 737 shares during the period. NewEdge Advisors LLC raised its stake in shares of HubSpot by 12.1% in the second quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock worth $2,665,000 after buying an additional 516 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of HubSpot by 4.7% in the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock worth $13,222,000 after buying an additional 1,077 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of HubSpot in the second quarter worth about $34,000. Finally, Alliancebernstein L.P. raised its stake in shares of HubSpot by 35.0% in the second quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock worth $209,335,000 after buying an additional 97,469 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several research analyst reports. Barclays cut their target price on HubSpot from $300.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. William Blair cut HubSpot from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. KeyCorp cut their target price on HubSpot from $340.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating and set a $250.00 target price on shares of HubSpot in a research report on Friday, May 8th. Finally, Piper Sandler cut their target price on HubSpot from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Twenty-two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $311.00.

HubSpot Trading Down 1.0%

NYSE:HUBS opened at $186.08 on Tuesday. HubSpot, Inc. has a 12-month low of $173.25 and a 12-month high of $568.16. The stock has a 50-day moving average price of $212.97 and a 200 day moving average price of $275.98. The stock has a market capitalization of $9.53 billion, a P/E ratio of 97.43, a P/E/G ratio of 2.06 and a beta of 1.22.

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

Insider Buying and Selling at HubSpot

In other news, Director Lorrie M. Norrington purchased 1,313 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $190.42 per share, for a total transaction of $250,021.46. Following the acquisition, the director directly owned 2,838 shares of the company’s stock, valued at $540,411.96. This represents a 86.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan purchased 2,750 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $189.84 per share, with a total value of $522,060.00. Following the acquisition, the chief executive officer directly owned 102,982 shares in the company, valued at $19,550,102.88. This represents a 2.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 14,063 shares of company stock worth $2,585,781 and have sold 17,707 shares worth $3,999,674. 3.70% of the stock is owned by corporate insiders.

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.