Legal & General Group Plc Acquires New Holdings in HubSpot, Inc. $HUBS

Legal & General Group Plc bought a new stake in HubSpot, Inc. (NYSE:HUBS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 138,247 shares of the software maker’s stock, valued at approximately $25,231,000.

Several other hedge funds also recently bought and sold shares of HUBS. Price T Rowe Associates Inc. MD boosted its position in shares of HubSpot by 36.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after purchasing an additional 1,224,424 shares in the last quarter. BlackRock Inc. bought a new stake in shares of HubSpot in the 2nd quarter valued at $631,386,000. Pictet Asset Management Holding SA raised its stake in HubSpot by 13.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker’s stock worth $533,993,000 after buying an additional 252,604 shares during the period. State Street Corp raised its stake in HubSpot by 3.7% during the 4th quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after buying an additional 42,948 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in HubSpot by 117.6% during the fourth quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after acquiring an additional 642,545 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gerald Dischler bought 925 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $215.93 per share, with a total value of $199,735.25. Following the transaction, the director owned 1,940 shares in the company, valued at $418,904.20. This represents a 91.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the sale, the director directly owned 85,000 shares in the company, valued at approximately $18,792,650. This represents a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,202 shares of company stock worth $5,477,709. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HUBS. BTIG Research decreased their target price on HubSpot from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Stephens lowered 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. Wolfe Research cut HubSpot from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 6th. Morgan Stanley set a $287.00 price objective on HubSpot in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $250.00 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 assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $268.90.

HubSpot Trading Up 2.0%

Shares of NYSE HUBS opened at $261.01 on Friday. The company has a fifty day moving average price of $216.41 and a 200 day moving average price of $223.81. The firm has a market cap of $13.02 billion, a PE ratio of 92.23, a PEG ratio of 2.82 and a beta of 1.19. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year 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 the consensus estimate of $3.02 by $0.24. The firm had revenue of $911.74 million for the quarter, compared to the consensus estimate of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $2.19 EPS. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Equities research analysts forecast that HubSpot, Inc. will post 4.54 EPS for the current 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.