HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 17.2% in the second quarter, Holdings Channel.com reports. The fund owned 990 shares of the software maker’s stock after buying an additional 145 shares during the quarter. Fulton Bank N.A.’s holdings in HubSpot were worth $584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in HubSpot by 14.3% in the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares in the last quarter. Lincoln National Corp lifted its holdings in HubSpot by 2.6% in the 4th quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after purchasing an additional 17 shares in the last quarter. Addison Capital Co grew its holdings in HubSpot by 0.5% in the 4th quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock valued at $2,219,000 after buying an additional 18 shares during the period. First Affirmative Financial Network grew its holdings in HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after purchasing an additional 18 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its stake in shares of HubSpot by 0.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock valued at $1,671,000 after acquiring an additional 20 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the sale, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the sale, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,875 shares of company stock valued at $26,879,025. Insiders own 4.50% of the company’s stock.

HubSpot Trading Up 2.6 %

NYSE HUBS traded up $11.65 on Wednesday, reaching $461.74. The company had a trading volume of 404,251 shares, compared to its average volume of 643,415. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The stock’s 50 day moving average is $545.19 and its 200-day moving average is $592.64. The stock has a market cap of $23.53 billion, a price-to-earnings ratio of -169.72 and a beta of 1.60. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. Equities analysts predict that HubSpot, Inc. will post -0.44 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Mizuho decreased their price target on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Citigroup cut their price objective on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. UBS Group decreased their price objective on shares of HubSpot from $640.00 to $580.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, TD Cowen cut their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $632.04.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.