Pallas Capital Advisors LLC Increases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Pallas Capital Advisors LLC raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,146 shares of the software maker’s stock after purchasing an additional 21 shares during the quarter. Pallas Capital Advisors LLC’s holdings in HubSpot were worth $798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter valued at $25,000. HM Payson & Co. raised its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the period. Friedenthal Financial purchased a new position in shares of HubSpot during the 4th quarter valued at about $50,000. Crewe Advisors LLC grew its stake in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares during the period. Finally, True Wealth Design LLC purchased a new stake in HubSpot in the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock valued at $54,900,427 over the last three months. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HUBS. BMO Capital Markets lifted their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Mizuho lifted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, nineteen 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 presently has an average rating of “Moderate Buy” and a consensus target price of $719.30.

HubSpot Trading Up 0.5 %

Shares of NYSE HUBS opened at $702.78 on Wednesday. The stock has a market capitalization of $36.28 billion, a price-to-earnings ratio of -2,602.79, a P/E/G ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The firm’s 50-day moving average price is $708.82 and its 200-day moving average price is $583.45.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the company earned ($0.04) EPS. On average, equities analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

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.