Bank of New York Mellon Corp Reduces Stock Position in HubSpot, Inc. $HUBS

Bank of New York Mellon Corp lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 463,610 shares of the software maker’s stock after selling 62,729 shares during the quarter. Bank of New York Mellon Corp’s holdings in HubSpot were worth $186,047,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in HubSpot by 2.5% in the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock valued at $503,000 after buying an additional 26 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of HubSpot by 9.1% in the 3rd quarter. Bessemer Group Inc. now owns 335 shares of the software maker’s stock valued at $156,000 after purchasing an additional 28 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of HubSpot by 8.6% during the 3rd quarter. National Bank of Canada FI now owns 379 shares of the software maker’s stock valued at $177,000 after acquiring an additional 30 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of HubSpot by 80.5% during the 3rd quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock valued at $33,000 after acquiring an additional 33 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its holdings in HubSpot by 36.5% in the 3rd quarter. Montag A & Associates Inc. now owns 142 shares of the software maker’s stock worth $66,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 3.8%

Shares of HUBS opened at $211.90 on Friday. The company’s fifty day moving average is $218.71 and its 200-day moving average is $283.71. HubSpot, Inc. has a 12 month low of $173.25 and a 12 month high of $610.61. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 110.94, a price-to-earnings-growth ratio of 2.41 and a beta of 1.21.

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

Analyst Ratings Changes

Several research firms have recently weighed in on HUBS. Morgan Stanley dropped their target price on shares of HubSpot from $405.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Cantor Fitzgerald lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $325.00 to $200.00 in a research note on Friday, May 8th. BMO Capital Markets reduced their price target on shares of HubSpot from $285.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada cut their target price on shares of HubSpot from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, Evercore set a $225.00 target price on shares of HubSpot in a research note on Friday, May 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $311.00.

Insider Activity at HubSpot

In other news, Director Lorrie M. Norrington acquired 1,313 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director owned 2,838 shares in the company, valued at approximately $540,411.96. This represents a 86.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan acquired 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $189.84 per share, with a total value of $522,060.00. Following the completion of the acquisition, the chief executive officer owned 102,982 shares in the company, valued at $19,550,102.88. This trade represents a 2.74% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 14,063 shares of company stock worth $2,585,781 and have sold 26,207 shares worth $6,233,049. Company insiders own 3.70% of the company’s stock.

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.