California Public Employees Retirement System Cuts Stake in HubSpot, Inc. $HUBS

California Public Employees Retirement System trimmed its stake in HubSpot, Inc. (NYSE:HUBS) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,349 shares of the software maker’s stock after selling 3,414 shares during the quarter. California Public Employees Retirement System owned about 0.13% of HubSpot worth $16,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of HubSpot by 36.5% during the 4th 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 buying an additional 1,224,424 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in HubSpot by 13.1% in the first quarter. Pictet Asset Management Holding SA now owns 2,188,191 shares of the software maker’s stock valued at $533,993,000 after acquiring an additional 252,604 shares during the last quarter. State Street Corp boosted its holdings in HubSpot by 3.7% in the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock valued at $478,287,000 after acquiring an additional 42,948 shares during the last quarter. AQR Capital Management LLC grew its position 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 valued at $477,138,000 after acquiring an additional 642,545 shares during the period. Finally, Geode Capital Management LLC grew its position in 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 acquiring an additional 14,159 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HUBS. Jefferies Financial Group restated a “buy” rating and set a $250.00 price target on shares of HubSpot in a research note on Friday, May 8th. Sanford C. Bernstein set a $381.00 price objective on HubSpot in a research note on Friday, May 8th. Evercore set a $225.00 target price on HubSpot in a report on Friday, May 8th. 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. Finally, JPMorgan Chase & Co. cut their price target on shares of HubSpot from $530.00 to $425.00 and set an “overweight” rating on the stock in a 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 given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $308.32.

HubSpot Trading Down 7.2%

HUBS stock opened at $190.11 on Friday. The firm has a 50 day simple moving average of $200.73 and a 200-day simple moving average of $238.73. The company has a market capitalization of $9.74 billion, a P/E ratio of 99.54, a PEG ratio of 2.24 and a beta of 1.22. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $568.16.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, beating 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 net margin of 3.04% and a return on equity of 5.66%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the company 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, research analysts predict that HubSpot, Inc. will post 4.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lorrie M. Norrington acquired 1,313 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased 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 $540,411.96. This represents a 86.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $181.37 per share, for a total transaction of $1,813,700.00. Following the purchase, the chief technology officer directly owned 1,295,400 shares of the company’s stock, valued at $234,946,698. This represents a 0.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 14,063 shares of company stock valued at $2,585,781 and sold 17,915 shares valued at $3,654,114. 3.70% of the stock is currently owned by company insiders.

HubSpot Company 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.