On August 19, HubSpot rose 5.07% in regular trading, trading at $240.17/share, with turnover of $84.4756 million.

On the news front, KeyBanc analysts published a report listing HubSpot among the next batch of potential acquisition targets following reports that Silver Lake Capital is in negotiations to acquire Workday. The report noted that Silver Lake and Workday have been in discussions for several months, and if completed, the deal would rank among the largest software M&A transactions in history. After the acquisition news broke, Workday shares surged 18%, pushing its market capitalization to $49 billion. KeyBanc identified HubSpot, Five9, Asana, Netskope, and GitLab as likely next candidates, fueling market expectations for mid-cap SaaS company buyouts.

Fundamentally, HubSpot reported Q2 non-GAAP diluted EPS of $3.26, beating the analyst consensus estimate of $3.02 by approximately 8%. Revenue came in at $911.7 million, also exceeding the $898.3 million estimate. The company raised its full-year revenue guidance to $3.678-$3.686 billion and adjusted EPS guidance to $13.23-$13.31, both above prior Street expectations of $13.10.

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