Pallas Capital Advisors LLC Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Pallas Capital Advisors LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,125 shares of the software maker’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its holdings in HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after purchasing an additional 25 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after buying an additional 27 shares during the period. Gilbert & Cook Inc. raised its holdings in HubSpot by 1.4% in the 1st quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock valued at $1,249,000 after buying an additional 28 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after buying an additional 30 shares during the last quarter. Finally, Quent Capital LLC boosted its position in HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after buying an additional 30 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,321 shares of company stock worth $3,374,089 over the last three months. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HUBS. Oppenheimer reaffirmed an “outperform” rating and set a $625.00 price target on shares of HubSpot in a research note on Thursday, September 19th. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group decreased their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $614.33.

HubSpot Stock Performance

HUBS stock opened at $561.25 on Thursday. HubSpot, Inc. has a fifty-two week low of $408.62 and a fifty-two week high of $693.85. The stock’s 50 day simple moving average is $522.06 and its 200 day simple moving average is $548.26. The company has a market cap of $28.60 billion, a P/E ratio of -211.79, a price-to-earnings-growth ratio of 7,068.33 and a beta of 1.64.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned ($1.17) EPS.

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.