Mutual of America Capital Management 13F: New $3.7M Stake in HUBS

Mutual of America Capital Management opened a new position in HubSpot, Inc. HUBS, purchasing 18,188 shares of the cloud-based customer relationship management software provider. The holdings were disclosed in a Form 13F filing with the SEC on October 23, 2026. The reported value of the new stake stood at approximately $3.73 million.

HUBS HubSpot, Inc.

$270.88 ▼ -29.13% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Mutual of America Capital Management's HubSpot Position

The fund established a brand-new stake in HubSpot during the period, starting from zero shares and ending with 18,188 shares. Because this is a newly initiated holding, there is no previous quarter comparison or percentage change to report. The filing captures the size of the investment as reported at the close of the filing date.

Other Institutional Activity in HubSpot

Other major institutional investors made substantial shifts in their HubSpot holdings during recent reporting cycles. AQR Capital Management, LLC grew its holdings by 789,978 shares, ending with 2,418,126 shares worth about $655.02 million after a 48.5% increase. Two Sigma Investments, LP added 475,172 shares for a 35.3% boost, closing the period with 1,819,744 shares valued at roughly $492.93 million. Pictet Asset Management Holding SA reduced its stake by 532,369 shares, or 24.3%, leaving it with 1,655,750 shares worth about $448.51 million. Arrowstreet Capital, Limited Partnership increased its position by 416,464 shares, representing a 46.1% rise to 1,320,054 shares valued at roughly $357.58 million. Meanwhile, STATE OF MICHIGAN RETIREMENT SYSTEM lifted its holdings by 1,082,487 shares, a 1,017.4% surge, ending with 1,188,887 shares worth about $322.05 million.

HubSpot, Inc. Stock Up 8.4%

HubSpot shares closed at $270.88 on October 23, 2026, and recently traded at the same level of $270.88. The stock trades about 16.7% above its 50-day moving average of $232.20 and roughly 15.2% above its 200-day moving average of $235.20. Over the past 52 weeks, the shares have traded as low as $169.63 and as high as $497.96.

Recent Earnings

HubSpot generated $3.45 billion in trailing twelve-month revenue alongside $2.80 in earnings per share. The company reported a year-over-year revenue growth rate of 19.8%, with a net profit margin of 4.3% and a return on equity of 7.9%. The enterprise is scheduled to release its next financial results on November 4, 2026.

Dividend

HubSpot does not currently pay a dividend, maintaining a payout ratio of 0.0%.

Insider Buying and Selling at HubSpot, Inc.

Company insiders were active in the market over the months leading up to the filing. On August 10, 2026, Director Gerald Dischler bought 925 shares at $215.93 per share for a total value of $199,735. Director Brian P Halligan conducted several sales, starting on August 18, 2026, when he sold 8,500 shares at $219.50 each for $1,865,750. Halligan later sold another 8,500 shares on September 15, 2026, at $245.64 per share for a total of $2,087,940, and parted with an additional 8,500 shares on October 20, 2026, at $239.57 per share for $2,036,345.

Analysts Set New Price Targets

Wall Street firms updated their views on HubSpot ahead of the filing. On October 6, 2026, Needham reiterated its Buy rating with a $300.00 price target. Cantor Fitzgerald reiterated a Neutral rating with a $200.00 target on October 7, 2026. JP Morgan downgraded the stock to Neutral on October 8, 2026, lowering its target from $268.00 to $240.00. Barclays followed with a downgrade to Equal-Weight on October 12, 2026, holding its target at $240.00. On October 23, 2026, BTIG maintained a Buy rating while raising its price target from $250.00 to $300.00. Across the broader analyst community, HubSpot carries a consensus buy rating with a mean price target of $248.77 based on 30 analyst opinions.

About HubSpot

Based in Cambridge, Massachusetts, HubSpot operates a cloud-based software platform designed to help businesses manage customer relationships, marketing, sales, and service operations. The company serves clients across the Americas, Europe, and the Asia Pacific region. Institutional investments from firms like Mutual of America reflect ongoing portfolio adjustments as software providers navigate shifting enterprise tech spending.

Bottom Line

Investors will look toward HubSpot's upcoming earnings release on November 4, 2026, for fresh details on revenue growth and profitability. Future regulatory filings will show whether institutional managers continue to build or trim their positions in the enterprise software sector.