Pallas Capital Advisors LLC Increases Stock Holdings in HubSpot, Inc. $HUBS

Pallas Capital Advisors LLC boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 413.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,805 shares of the software maker’s stock after acquiring an additional 3,870 shares during the quarter. Pallas Capital Advisors LLC’s holdings in HubSpot were worth $1,928,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Norges Bank acquired a new stake in shares of HubSpot in the second quarter valued at about $269,941,000. Vanguard Group Inc. increased its stake in shares of HubSpot by 6.4% during the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after purchasing an additional 345,524 shares in the last quarter. AQR Capital Management LLC raised its position in shares of HubSpot by 89.2% during the 3rd quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock worth $255,623,000 after purchasing an additional 257,577 shares during the last quarter. Atreides Management LP purchased a new position in HubSpot in the 3rd quarter valued at about $113,878,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in HubSpot in the 3rd quarter valued at about $99,737,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the director owned 487,344 shares in the company, valued at $147,850,422.72. This trade represents a 1.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares in the company, valued at $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,691 shares of company stock worth $7,250,662 over the last quarter. 4.00% of the stock is currently owned by company insiders.

HubSpot Stock Down 6.0%

NYSE HUBS opened at $230.33 on Friday. The business’s fifty day simple moving average is $263.17 and its 200-day simple moving average is $366.74. The firm has a market cap of $12.15 billion, a PE ratio of 264.74, a P/E/G ratio of 3.44 and a beta of 1.40. HubSpot, Inc. has a 52 week low of $207.20 and a 52 week high of $682.57.

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 analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The firm had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. During the same quarter in the prior year, the firm posted $2.32 earnings per share. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis. Research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on HUBS. BTIG Research cut their price objective on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. The Goldman Sachs Group decreased their target price on HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Canaccord Genuity Group set a $485.00 price target on HubSpot in a research note on Thursday, February 12th. UBS Group reaffirmed an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. Finally, Wall Street Zen raised HubSpot from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

HubSpot Company 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.