Assenagon Asset Management S.A. Raises Stake in HubSpot, Inc. $HUBS

Assenagon Asset Management S.A. raised its stake in HubSpot, Inc. (NYSE:HUBS) by 98.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,385 shares of the software maker’s stock after acquiring an additional 47,786 shares during the period. Assenagon Asset Management S.A.’s holdings in HubSpot were worth $23,528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position 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 buying an additional 14,159 shares during the period. OFI Invest Asset Management raised its holdings in shares of HubSpot by 130.2% in the fourth quarter. OFI Invest Asset Management now owns 99,622 shares of the software maker’s stock worth $39,978,000 after buying an additional 56,348 shares during the period. Slow Capital Inc. raised its holdings 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 worth $7,470,000 after buying an additional 4,913 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of HubSpot by 65.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,583 shares of the software maker’s stock worth $17,891,000 after acquiring an additional 17,713 shares during the last quarter. Finally, Havemeyer Place LP bought a new stake in shares of HubSpot during the 4th quarter worth approximately $2,044,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $184.42, for a total transaction of $1,567,570.00. Following the completion of the sale, the director directly owned 93,500 shares of the company’s stock, valued at $17,243,270. This represents a 8.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan acquired 2,750 shares of the stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $189.84 per share, for a total transaction 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 14,063 shares of company stock valued at $2,585,781 and have sold 26,207 shares valued at $5,567,244. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HUBS. Cantor Fitzgerald downgraded HubSpot from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $325.00 to $200.00 in a research report on Friday, May 8th. Mizuho lowered their target price on shares of HubSpot from $300.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Evercore set a $225.00 price target on shares of HubSpot in a report on Friday, May 8th. UBS Group reaffirmed a “neutral” rating on shares of HubSpot in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company decreased their price objective on shares of HubSpot from $350.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Twenty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $311.00.

HubSpot Stock Up 8.4%

HUBS opened at $184.63 on Friday. The firm’s fifty day simple moving average is $205.60 and its two-hundred day simple moving average is $264.43. HubSpot, Inc. has a 52-week low of $169.63 and a 52-week high of $568.16. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 96.66, a PEG ratio of 1.86 and a beta of 1.21.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, May 7th. The software maker reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $863.32 million. During the same period in the previous year, the firm earned $1.84 earnings per share. HubSpot’s quarterly revenue was up 23.4% compared to the same quarter last year. 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 forecast that HubSpot, Inc. will post 4.39 EPS for the current year.

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.