1,125 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to the company in its most recent Form 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.

A number of other institutional investors also recently modified their holdings of HUBS. Nisa Investment Advisors LLC lifted its position in shares of HubSpot by 5.5% in the third quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker’s stock worth $1,746,000 after purchasing an additional 170 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in HubSpot by 83.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 734 shares of the software maker’s stock valued at $390,000 after buying an additional 333 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in HubSpot by 57.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker’s stock worth $340,000 after buying an additional 233 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of HubSpot by 50.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock worth $1,699,000 after buying an additional 1,073 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of HubSpot by 11.5% in the 3rd quarter. Forsta AP Fonden now owns 10,700 shares of the software maker’s stock valued at $5,688,000 after acquiring an additional 1,100 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on HUBS shares. Canaccord Genuity Group dropped their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America dropped their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research report on Thursday, August 8th. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $614.33.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the transaction, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,321 shares of company stock worth $3,374,089. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $561.25 on Thursday. The stock has a fifty day moving average of $522.06 and a 200-day moving average of $548.26. The company has a market capitalization of $28.60 billion, a P/E ratio of -211.79, a P/E/G ratio of 7,068.33 and a beta of 1.64. HubSpot, Inc. has a fifty-two week low of $408.62 and a fifty-two week high of $693.85.

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

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.