Fiduciary Trust Co Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

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

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of HubSpot during the 4th quarter worth about $420,345,000. Raymond James Financial Inc. acquired a new stake in shares of HubSpot during the 4th quarter worth about $157,019,000. Wealthfront Advisers LLC lifted its stake in shares of HubSpot by 3,090.2% during the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after buying an additional 129,357 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of HubSpot during the 4th quarter worth about $79,135,000. Finally, Alliancebernstein L.P. lifted its stake in shares of HubSpot by 61.9% during the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock worth $199,504,000 after buying an additional 109,449 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Trading Down 0.5%

HUBS stock traded down $3.62 during mid-day trading on Friday, hitting $660.43. The stock had a trading volume of 687,933 shares, compared to its average volume of 622,736. The firm has a market capitalization of $34.76 billion, a P/E ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78. The firm has a fifty day simple moving average of $588.18 and a 200 day simple moving average of $671.94. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

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 the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59% decrease in their position. 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. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HUBS. Sanford C. Bernstein began coverage on shares of HubSpot in a research note on Thursday, March 20th. They set a "market perform" rating and a $693.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. William Blair restated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. BNP Paribas initiated coverage on shares of HubSpot in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $767.33.

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.