BlackRock Inc. acquired 3,459,461 shares of HubSpot during the second quarter. The transaction is valued at approximately $631.4 million. This purchase gives the asset manager a 6.75% stake in the company. Institutional investors now own more than 90% of HubSpot.
HubSpot reported quarterly earnings of $3.26 per share. Revenue reached $911.74 million for the period. This figure represents a 19.8% increase compared to the previous year. The company issued positive guidance for the upcoming quarter and fiscal year 2026.