Connor Clark & Lunn Investment Management Ltd. Invests $112.67 Million in HubSpot, Inc. $HUBS

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HubSpot, Inc. (NYSE:HUBS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 617,344 shares of the software maker’s stock, valued at approximately $112,671,000.

A number of other institutional investors have also modified their holdings of the business. Rakuten Securities Inc. boosted its position in HubSpot by 783.3% during 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 during the period. Turning Point Benefit Group Inc. acquired a new stake in HubSpot in the third quarter worth $25,000. Osterweis Capital Management Inc. bought a new stake in HubSpot in the second quarter valued at $34,000. Cary Street Partners Investment Advisory LLC bought a new stake in HubSpot in the fourth quarter valued at $33,000. Finally, Larson Financial Group LLC lifted its stake in HubSpot by 378.9% in the fourth quarter. Larson Financial Group LLC now owns 91 shares of the software maker’s stock valued at $37,000 after buying an additional 72 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price 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. Barclays cut their price target on HubSpot from $270.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Stifel Nicolaus downgraded HubSpot from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $275.00 to $200.00 in a research report on Thursday, August 6th. TD Cowen decreased their price objective on HubSpot from $250.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, August 6th. Finally, Morgan Stanley set a $287.00 target price on HubSpot in a research report on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, HubSpot has an average rating of “Hold” and a consensus target price of $268.90.

HubSpot Price Performance

HUBS stock opened at $240.26 on Monday. HubSpot, Inc. has a 12 month low of $169.63 and a 12 month high of $525.51. The firm has a market cap of $11.98 billion, a PE ratio of 84.90, a P/E/G ratio of 2.46 and a beta of 1.19. The firm has a 50 day simple moving average of $209.65 and a 200 day simple moving average of $223.34.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.24. The firm had revenue of $911.74 million for the quarter, compared to analyst estimates of $898.31 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter 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, sell-side analysts expect that HubSpot, Inc. will post 4.54 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, Director Gerald Dischler bought 925 shares of the firm’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 acquisition, the director directly owned 1,940 shares of the company’s stock, valued at $418,904.20. The trade was a 91.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Erika Ashley Fisher sold 702 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total value of $165,124.44. Following the sale, the insider owned 14,581 shares in the company, valued at approximately $3,429,742.82. The trade was a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,202 shares of company stock valued at $5,477,709 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

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.