Norris Perne & French 13F: Exits HubSpot (HUBS) Stake

Norris Perne & French sold 22,752 shares of HubSpot, Inc. (HUBS) in a filing on October 23, 2026, completely exiting its position.

HUBS HubSpot, Inc.

$270.88 ▼ -29.13% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Where HubSpot Fits in Norris Perne & French's Portfolio

This sale was significant as it represented a 100% decrease in Norris Perne & French's holdings of HubSpot, which previously accounted for a portion of their reported value of about $1.33 billion across all positions. With this exit, HubSpot no longer appears in their portfolio rankings.

Other Institutional Activity in HubSpot

On the same day, Mutual of America Capital Management opened a new position in HubSpot, acquiring 18,188 shares valued at about $3.73 million. Meanwhile, AQR Capital Management increased its holdings by 789,978 shares, bringing its total to 2,418,126 shares worth approximately $638.4 million. Two Sigma Investments also added 475,172 shares, growing its stake to 1,819,744 shares valued at around $480.4 million.

HubSpot, Inc. Stock Down 1.2%

HubSpot shares recently traded around $263.99, which is about 2.5% below the closing price of $270.88 on October 23. The stock is currently trading well above its 50-day and 200-day moving averages, indicating a stronger performance trend. However, it's also about 47% below its 52-week high of $497.96.

Recent Earnings

HubSpot reported trailing twelve-month revenue of approximately $3.45 billion, reflecting a year-over-year growth rate of 19.8%. The company's earnings per share (EPS) stands at $2.80, with the next earnings report scheduled for November 4, 2026.

Insider Buying and Selling at HubSpot, Inc.

On October 20, 2026, director Brian Halligan sold 8,500 shares of HubSpot at an average price of $239.57, totaling about $2.04 million. This sale occurred shortly before the fund's exit, indicating potential shifts in insider sentiment.

Analysts Set New Price Targets

On October 23, 2026, BTIG maintained its Buy rating on HubSpot, raising its price target to $300 from $250. Earlier, Needham reiterated a Buy rating with a target of $300, while JP Morgan and Barclays downgraded their ratings to Neutral and Equal-Weight, respectively, with target prices of $240.

About HubSpot

HubSpot, Inc. is a technology company that provides a cloud-based customer relationship management (CRM) platform. The company serves businesses across the Americas, Europe, and the Asia Pacific, helping them manage customer interactions and marketing.

Bottom Line

Investors should keep an eye on HubSpot's upcoming earnings report on November 4, 2026, for insights into its financial performance. Following the recent changes in institutional holdings and insider transactions, the stock's direction will be crucial to monitor in the coming weeks.