HubSpot shares rose about 7% on Thursday after the business software company said co-founder Brian Halligan is returning as chief executive, replacing Yamini Rangan. The stock traded at $217.73 at 2:30 p.m. Eastern time, up $14.85, or 7.3%, from Wednesday’s close of $202.88.
In a filing with the Securities and Exchange Commission, HubSpot said Rangan stepped down as CEO and left the board effective Nov. 12, and will stay on as an employee until Dec. 1. Halligan, 59, co-founded the company in 2005 and was its CEO until September 2021, when Rangan took over. In the company’s announcement, he called the change “a refounding” of HubSpot.
The company also said Chief Financial Officer Kate Bueker will retire as CFO on Feb. 11, 2027. Karen Burgess, a finance executive at Adobe, will join on Nov. 30 and succeed her. HubSpot reaffirmed the fourth-quarter and full-year 2026 forecasts it gave on Nov. 4.
Even after Thursday’s gain, the shares are down about 46% this year. They ended 2025 at $401.30.
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