Fulton Bank N.A. Trims Holdings in HubSpot, Inc. (NYSE:HUBS)

Fulton Bank N.A. lessened its position in HubSpot, Inc. (NYSE:HUBS) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 931 shares of the software maker’s stock after selling 59 shares during the quarter. Fulton Bank N.A.’s holdings in HubSpot were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Riverview Trust Co acquired a new stake in HubSpot in the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. lifted its stake in shares of HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares during the period. International Assets Investment Management LLC acquired a new stake in HubSpot in the second quarter valued at about $35,000. Crewe Advisors LLC lifted its holdings in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of HubSpot during the 1st quarter worth $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 1,507 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at $32,953,341.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $792,440.88. Following the completion of the sale, the chief executive officer now directly owns 62,668 shares of the company’s stock, valued at approximately $32,953,341.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,643 shares of company stock worth $5,640,484 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and set a $625.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Barclays cut their target price on HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Evercore ISI cut their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Finally, Stifel Nicolaus boosted their price objective on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $611.83.

HubSpot Stock Up 1.9 %

Shares of NYSE:HUBS opened at $532.08 on Wednesday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a market cap of $27.12 billion, a P/E ratio of -200.78, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.64. The company’s fifty day moving average is $499.26 and its two-hundred day moving average is $559.14.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same period in the prior year, the business posted ($1.17) earnings per share. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year.

About HubSpot

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.