Fifth Third Wealth Advisors LLC Invests $219,000 in HubSpot, Inc. (NYSE:HUBS)

Fifth Third Wealth Advisors LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 349 shares of the software maker’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBS. Bouvel Investment Partners LLC lifted its position in HubSpot by 2.2% in the 1st quarter. Bouvel Investment Partners LLC now owns 1,793 shares of the software maker’s stock valued at $1,123,000 after acquiring an additional 39 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in HubSpot by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,859 shares of the software maker’s stock valued at $1,165,000 after acquiring an additional 123 shares in the last quarter. Sunbelt Securities Inc. lifted its position in HubSpot by 73.6% in the 1st quarter. Sunbelt Securities Inc. now owns 408 shares of the software maker’s stock valued at $256,000 after acquiring an additional 173 shares in the last quarter. Eagle Wealth Strategies LLC lifted its position in HubSpot by 5.8% in the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after acquiring an additional 21 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in HubSpot by 1.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,247 shares of the software maker’s stock valued at $1,408,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

NYSE:HUBS traded up $3.78 during trading hours on Friday, hitting $589.79. The stock had a trading volume of 809,010 shares, compared to its average volume of 579,652. The company has a 50 day simple moving average of $603.47 and a two-hundred day simple moving average of $602.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The firm has a market capitalization of $30.06 billion, a price-to-earnings ratio of -223.15 and a beta of 1.57.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The firm had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. Research analysts forecast that HubSpot, Inc. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HUBS. KeyCorp began coverage on shares of HubSpot in a research report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price target on the stock. Canaccord Genuity Group decreased their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Stifel Nicolaus decreased their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Citigroup decreased their price objective on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Barclays decreased their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $641.00.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,874 shares of HubSpot stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the completion of the sale, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Yamini Rangan sold 2,874 shares of HubSpot stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the completion of the sale, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the sale, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The disclosure for this sale can be found here. Insiders sold a total of 20,353 shares of company stock valued at $12,845,623 in the last three months. Company insiders own 4.50% of the company’s stock.

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.