HubSpot (NYSE:HUBS) Cut to “Hold” at Wells Fargo & Company

Wells Fargo & Company cut shares of HubSpot (NYSE:HUBS) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other brokerages have also issued reports on HUBS. Canaccord Genuity Group set a $335.00 target price on HubSpot in a research report on Friday, May 8th. Wall Street Zen lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. BTIG Research restated a “buy” rating and set a $300.00 price objective on shares of HubSpot in a research report on Tuesday, April 21st. Piper Sandler decreased their price objective on shares of HubSpot from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Bank of America reiterated an “underperform” rating and issued a $180.00 target price (down from $300.00) on shares of HubSpot in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.32.

HubSpot Stock Down 6.4%

Shares of HubSpot stock opened at $204.54 on Monday. The firm has a market cap of $10.48 billion, a PE ratio of 107.09, a P/E/G ratio of 2.39 and a beta of 1.22. HubSpot has a twelve month low of $169.63 and a twelve month high of $568.16. The business has a 50-day moving average price of $200.60 and a 200 day moving average price of $240.09.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.25. HubSpot had a return on equity of 5.66% and a net margin of 3.04%.The company had revenue of $881.00 million for the quarter, compared to the consensus estimate of $863.32 million. HubSpot’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior 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 expect that HubSpot will post 4.39 EPS for the current year.

Insider Activity

In other news, CEO Yamini Rangan purchased 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $189.84 per share, for a total transaction of $522,060.00. Following the completion of the transaction, the chief executive officer owned 102,982 shares of the company’s stock, valued at $19,550,102.88. This trade represents a 2.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $184.42, for a total value of $1,567,570.00. Following the completion of the transaction, the director directly owned 93,500 shares of the company’s stock, valued at approximately $17,243,270. This represents a 8.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 14,063 shares of company stock valued at $2,585,781 and sold 17,915 shares valued at $3,654,114. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently modified their holdings of HUBS. Fluent Financial LLC acquired a new position in HubSpot during the second quarter worth about $763,000. Assenagon Asset Management S.A. raised its holdings in HubSpot by 135.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 226,818 shares of the software maker’s stock valued at $41,397,000 after acquiring an additional 130,433 shares during the last quarter. CX Institutional raised its holdings in HubSpot by 4,785.7% in the 2nd quarter. CX Institutional now owns 342 shares of the software maker’s stock valued at $62,000 after acquiring an additional 335 shares during the last quarter. Basecamp Wealth Advisors LLC lifted its stake in HubSpot by 18.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 435 shares of the software maker’s stock worth $106,000 after purchasing an additional 68 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in HubSpot by 84.5% in the 1st quarter. Empowered Funds LLC now owns 3,938 shares of the software maker’s stock worth $961,000 after purchasing an additional 1,804 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.