Fifth Third Bancorp Has $584,000 Position in HubSpot, Inc. $HUBS

Fifth Third Bancorp reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050 shares of the software maker’s stock after selling 140 shares during the quarter. Fifth Third Bancorp’s holdings in HubSpot were worth $584,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. CHICAGO TRUST Co NA acquired a new position in HubSpot during the second quarter worth $455,000. Armstrong Advisory Group Inc. raised its stake in HubSpot by 43.7% during the second quarter. Armstrong Advisory Group Inc. now owns 1,496 shares of the software maker’s stock worth $833,000 after acquiring an additional 455 shares in the last quarter. Park Avenue Securities LLC acquired a new position in HubSpot during the second quarter worth $729,000. Abacus FCF Advisors LLC acquired a new position in HubSpot during the second quarter worth $6,520,000. Finally, Farther Finance Advisors LLC raised its stake in HubSpot by 12.9% during the second quarter. Farther Finance Advisors LLC now owns 360 shares of the software maker’s stock worth $201,000 after acquiring an additional 41 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Up 0.6%

Shares of HUBS stock opened at $520.98 on Tuesday. The stock has a 50-day moving average price of $491.63 and a 200 day moving average price of $548.54. The firm has a market cap of $27.45 billion, a price-to-earnings ratio of -2,265.15, a PEG ratio of 17.86 and a beta of 1.58. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share. Sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the transaction, the chief technology officer owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 119 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $500.00, for a total value of $59,500.00. Following the transaction, the chief financial officer owned 40,563 shares in the company, valued at approximately $20,281,500. This trade represents a 0.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,094 shares of company stock valued at $25,716,404 in the last three months. Company insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HUBS. Sanford C. Bernstein upgraded HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price objective for the company in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. lowered their target price on HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Wall Street Zen upgraded HubSpot from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Canaccord Genuity Group lowered their target price on HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Finally, Wells Fargo & Company raised their target price on HubSpot from $675.00 to $680.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $722.93.

HubSpot Company 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.