HubSpot, Inc. $HUBS Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 44.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 256,964 shares of the software maker’s stock after selling 206,646 shares during the period. Bank of New York Mellon Corp’s holdings in HubSpot were worth $62,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Geode Capital Management LLC raised its stake in shares of HubSpot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock valued at $388,917,000 after purchasing an additional 14,159 shares during the period. OFI Invest Asset Management lifted its position in shares of HubSpot by 130.2% during the fourth quarter. OFI Invest Asset Management now owns 99,622 shares of the software maker’s stock worth $39,978,000 after purchasing an additional 56,348 shares in the last quarter. Slow Capital Inc. boosted its stake in shares of HubSpot by 35.9% in the fourth quarter. Slow Capital Inc. now owns 18,615 shares of the software maker’s stock valued at $7,470,000 after purchasing an additional 4,913 shares during the period. Havemeyer Place LP purchased a new position in shares of HubSpot in the fourth quarter valued at $2,044,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HubSpot by 65.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,583 shares of the software maker’s stock valued at $17,891,000 after purchasing an additional 17,713 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on HUBS shares. Zacks Research upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Morgan Stanley lowered their target price on HubSpot from $405.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Mizuho dropped their target price on HubSpot from $300.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. William Blair cut HubSpot from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Finally, Barclays reduced their price target on HubSpot from $300.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $308.32.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan purchased 2,750 shares of HubSpot stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $189.84 per share, for a total transaction of $522,060.00. Following the transaction, the chief executive officer owned 102,982 shares in the company, valued at $19,550,102.88. This represents a 2.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington purchased 1,313 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $190.42 per share, with a total value of $250,021.46. Following the completion of the acquisition, the director directly owned 2,838 shares in the company, valued at approximately $540,411.96. This trade represents a 86.10% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 14,063 shares of company stock worth $2,585,781 and sold 17,915 shares worth $3,654,114. Corporate insiders own 3.70% of the company’s stock.

HubSpot Trading Down 6.4%

Shares of HUBS opened at $204.54 on Thursday. HubSpot, Inc. has a 52 week low of $169.63 and a 52 week high of $568.16. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 107.09, a PEG ratio of 2.39 and a beta of 1.22. The stock has a 50 day moving average of $200.60 and a 200-day moving average of $240.09.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.25. The firm had revenue of $881.00 million for 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% on a year-over-year basis. During the same period last year, the business posted $1.84 earnings per share. 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, sell-side analysts predict that HubSpot, Inc. will post 4.39 earnings per share for the current fiscal year.

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.