HubSpot Shares Rise 5.82% to $248.28 as Past News Draws Attention
HubSpot shares were 5.82% higher at $248.28 at publication. The article cites the company's October restructuring, September OpenAI partnership expansion and upcoming third-quarter results as factors drawing attention.
HubSpot Inc. (NYSE: HUBS ) shares are in the spotlight Tuesday, with its October layoffs, September partnership expansion with OpenAI and upcoming earnings all drawing attention. HubSpot stock is charging ahead with explosive momentum. Why is HUBS stock surging?
HubSpot Cut About 660 Jobs, or 7% of Its Workforce, in Oct. 6 Restructuring CEO Yamini Rangan told employees Oct. 6 that HubSpot is eliminating nearly 660 roles under a plan its board authorized Oct. 1.
The company will organize product teams around customer outcomes instead of its Hubs and will reduce management layers. HubSpot expects restructuring charges of $65 million to $75 million, mostly in the fourth quarter. Rangan said the cuts were not driven by AI-related efficiencies. HubSpot reaffirmed its third-quarter and full-year guidance and said it remains confident in the long-term operating margin targets it shared at its Sept.
17 Analyst Day. HubSpot, OpenAI Expand Partnership with ChatGPT Ads Integration, AI Growth Bundle On Sept. 16, HubSpot announced an expanded partnership with OpenAI that updates its CRM connector for ChatGPT, adds the first CRM integration with ChatGPT Ads and launches an AI Growth Bundle for small and midsize businesses. HubSpot said weekly active users of the connector have grown 250% since the 2025 launch, and that customers can now run email campaigns, build landing pages, analyze closed-won deals and optimize for AI search from within ChatGPT.
The ChatGPT Ads integration lets customers build, manage and measure campaigns inside HubSpot and trace closed deals back to the ads that started them. The bundle offers HubSpot Starter and credits at up to 65% off for one year, plus buy-one-get-one-free ChatGPT Business seats. "We’re giving every scaling business a real shot at showing up where buyers are," said Duncan Lennox, HubSpot’s chief product and technology officer. HubSpot To Report Third-Quarter Results Nov.
11 HubSpot is expected to report after the market closes Nov. 11. Analysts estimate adjusted earnings per share of $3.27 on revenue of $924.57 million. HubSpot has guided to adjusted earnings per share of $3.25 to $3.27 and revenue of $924.0 million to $925.0 million, up 14% from a year earlier.
In the second quarter, HubSpot reported adjusted earnings per share of $3.26, beating the consensus estimate of $3.02, and revenue of $911.70 million, beating the consensus estimate of $898.32 million. Read Also: Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Futures Fall as Iran Threatens to Target Undersea Cables — SPCX, NFLX, STLD in Focus (UPDATED) HubSpot Shares Edge Higher HUBS Price Action: At the time of publication, HubSpot shares are trading 5.82% higher at $248.28, according to data Pro. Image via Shutterstock