Fiduciary Trust Co Takes $350,000 Position in HubSpot, Inc. (NYSE:HUBS)

Fiduciary Trust Co acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 502 shares of the software maker's stock, valued at approximately $350,000.

Several other large investors also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the third quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC increased its holdings in HubSpot by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock worth $2,262,000 after purchasing an additional 49 shares during the period. Graypoint LLC bought a new stake in HubSpot during the 4th quarter valued at $208,000. Friedenthal Financial purchased a new stake in shares of HubSpot in the 4th quarter worth $50,000. Finally, Pallas Capital Advisors LLC grew its position in shares of HubSpot by 1.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker's stock worth $798,000 after buying an additional 21 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group lifted their price objective on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a report on Friday, May 9th. Sanford C. Bernstein began coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target for the company. Oppenheimer upped their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Raymond James reissued an "outperform" rating and set a $825.00 price objective (down from $980.00) on shares of HubSpot in a report on Friday, May 9th. Finally, Barclays reduced their price objective on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $767.33.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $3.62 on Friday, hitting $660.43. 687,933 shares of the company's stock were exchanged, compared to its average volume of 621,364. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a market capitalization of $34.76 billion, a PE ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78. The firm's 50-day moving average is $586.78 and its 200 day moving average is $669.70.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock valued at $18,401,757 in the last ninety days. Insiders own 4.50% of the company's stock.

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.