HUBS Stock Recent News

HubSpot had been rumored to be in acquisition talks with Google parent Alphabet this year. However, this week a report said that deal is off the table.

For months, rumors persisted that Google, and perhaps others, were interested in buying HubSpot, a Boston-based CRM and marketing software company. HubSpot's market cap ballooned as the rumors persisted, eventually reaching over $30 billion.

CNBC's Deirdre Bosa reports on news from Google.

Although company spokespersons have refused to comment on the market speculation, sources familiar with the proceedings have confirmed that Alphabet has shelved buyout plans for HubSpot (HUBS).

A media report said that Alphabet is abandoning efforts to acquire the customer relationship specialist. The takeover effort apparently fell apart in a fairly early stage of discussions.

HubSpot (NYSE: HUBS ) stock closed down more than 12% today on reports that Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) will not go through with a plan to buy the software company. Despite talks of an acquisition earlier in the year, “the sides didn't reach a point of detailed discussions about due diligence,” according to anonymous sources familiar with the matter.

Software firm HubSpot is investigating a cybersecurity incident, TechCrunch reported on Friday citing a company spokesperson.

Marketing and sales software giant HubSpot said on Friday that it's investigating a cybersecurity incident.

Software stocks have been on a tear since generative AI entered the picture. But not all of them will be worthy of your portfolio.

HubSpot (HUBS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.