SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Update Significant Stake in HubSpot Inc. to 8.0%
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a continued beneficial ownership of 8.0% of HubSpot Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, have filed an Amendment No. 10 to Schedule 13G regarding their beneficial ownership in HubSpot Inc.
- As of December 31, 2024, the aggregate amount of common stock beneficially owned by FMR LLC and Abigail P. Johnson is 4,132,124.43 shares.
- This represents 8.0% of the total outstanding common stock of HubSpot Inc.
- FMR LLC holds sole voting power over 3,887,514.54 shares and sole dispositive power over 4,132,124.43 shares.
- Abigail P. Johnson holds sole dispositive power over 4,132,124.43 shares, with no sole or shared voting power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of HubSpot Inc.
- Abigail P. Johnson's beneficial ownership is linked to her role as Director, Chairman, and CEO of FMR LLC, and her family's predominant ownership of FMR LLC's voting shares.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as it indicates continued significant institutional investment in HubSpot Inc. by a reputable firm, FMR LLC, without any indication of an activist stance or intent to influence control. This suggests a vote of confidence from a major investor.
Positives
- Continued significant institutional ownership by FMR LLC, a major investment management firm, which can signal confidence in HubSpot Inc.'s long-term prospects.
- The filing explicitly states that the shares are held in the ordinary course of business and not for control purposes, indicating a passive investment stance.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding HubSpot Inc.'s future performance or strategic direction.
Industry Context
This filing is a routine disclosure of significant beneficial ownership by a major institutional investor in the software and marketing technology industry. It reflects FMR LLC's continued investment in HubSpot Inc., a leading provider of cloud-based customer relationship management (CRM) and marketing automation software.
Stakeholder Impact
- Shareholders: Continued significant institutional ownership may be viewed positively, potentially signaling stability and confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 10. |
Keywords
HubSpot Inc., HUBSPOT, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
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