BlackRock Amends Hubspot Stake, Maintains Passive Position
Ticker: HUBS · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1404655
| Field | Detail |
|---|---|
| Company | Hubspot INC (HUBS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: HUBS
TL;DR
**BlackRock still holds a big, passive stake in Hubspot, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Hubspot Inc. common stock as of December 31, 2023. This amendment (Amendment No. 3) indicates BlackRock's continued significant, but passive, stake in Hubspot. This matters to investors because BlackRock is a major institutional investor, and its sustained holding suggests confidence in Hubspot's long-term prospects, potentially signaling stability to other shareholders.
Why It Matters
BlackRock's continued significant, passive ownership in Hubspot Inc. signals institutional confidence, which can reassure current and potential investors about the company's stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.
Analyst Insight
A smart investor would view this as a routine update from a major institutional holder, suggesting stability rather than an immediate catalyst for buying or selling. It reinforces that Hubspot is a company with significant institutional backing.
Key Players & Entities
- BlackRock Inc. (company) — reporting person and institutional investor
- Hubspot Inc. (company) — subject company whose securities are being reported
- December 31, 2023 (date) — date of the event requiring the filing
- January 26, 2024 (date) — filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Hubspot Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is HUBSPOT INC, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUBSPOT INC' and '(Name of Issuer) HUBSPOT INC'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Hubspot Inc. is 443573100, as listed under '(CUSIP Number) 443573100'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the filing under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding HUBSPOT INC (HUBS).