First National Corp MA ADV Buys Shares of 363 HubSpot, Inc. (NYSE:HUBS)

First National Corp MA ADV purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 363 shares of the software maker’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co purchased a new stake in HubSpot during the 1st quarter worth about $27,000. Geneos Wealth Management Inc. increased its position in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in HubSpot during the 4th quarter worth about $29,000. Larson Financial Group LLC increased its position in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after purchasing an additional 69 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC increased its position in HubSpot by 54.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock worth $48,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other news, CFO Kathryn Bueker sold 3,937 shares of the firm’s 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 transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction dated 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 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. Over the last ninety days, insiders have sold 46,875 shares of company stock valued at $26,879,025. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $3.74 during trading on Friday, reaching $472.61. The stock had a trading volume of 600,231 shares, compared to its average volume of 654,662. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $24.09 billion, a PE ratio of -178.34 and a beta of 1.60. The firm’s 50 day moving average price is $536.09 and its two-hundred day moving average price is $590.11.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned ($1.17) EPS. On average, research analysts forecast that HubSpot, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of several recent analyst reports. BMO Capital Markets lowered their price target on HubSpot from $635.00 to $570.00 and set an “outperform” rating for the company in a report on Thursday. Wells Fargo & Company decreased their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus decreased their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Piper Sandler reissued an “overweight” rating and set a $570.00 price target on shares of HubSpot in a research report on Thursday. Finally, Canaccord Genuity Group reduced their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $610.52.

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.