HubSpot, Inc. $HUBS Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its stake in HubSpot, Inc. (NYSE:HUBS) by 413.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,805 shares of the software maker’s stock after purchasing an additional 3,870 shares during the quarter. Pallas Capital Advisors LLC’s holdings in HubSpot were worth $1,928,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HUBS. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after acquiring an additional 345,524 shares during the last quarter. State Street Corp increased its holdings in HubSpot by 1.9% in the 3rd quarter. State Street Corp now owns 1,148,895 shares of the software maker’s stock valued at $537,453,000 after purchasing an additional 21,358 shares during the last quarter. AQR Capital Management LLC raised its position in HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after purchasing an additional 257,577 shares during the period. Norges Bank purchased a new stake in HubSpot in the second quarter valued at approximately $269,941,000. Finally, Amundi lifted its stake in HubSpot by 57.6% during the third quarter. Amundi now owns 452,252 shares of the software maker’s stock worth $209,660,000 after purchasing an additional 165,315 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the transaction, the director directly owned 370,558 shares of the company’s stock, valued at approximately $97,364,114.50. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,691 shares of company stock worth $7,250,662 in the last ninety days. 4.00% of the stock is owned by corporate insiders.

HubSpot Stock Down 6.0%

NYSE:HUBS opened at $230.33 on Friday. HubSpot, Inc. has a 52 week low of $207.20 and a 52 week high of $682.57. The company has a fifty day simple moving average of $263.17 and a two-hundred day simple moving average of $366.74. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 264.74, a price-to-earnings-growth ratio of 3.44 and a beta of 1.40.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million for the quarter, compared to analysts’ expectations of $830.65 million. During the same period last year, the firm earned $2.32 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating on shares of HubSpot in a research report on Thursday, February 12th. Piper Sandler cut their price objective on HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Stifel Nicolaus decreased their target price on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. UBS Group restated an “overweight” rating on shares of HubSpot in a report on Thursday, February 12th. Finally, BMO Capital Markets dropped their target price on HubSpot from $385.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $443.34.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.