Pallas Capital Advisors LLC Buys 444 Shares of HubSpot, Inc. (NYSE:HUBS)

Pallas Capital Advisors LLC lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 38.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,590 shares of the software maker's stock after purchasing an additional 444 shares during the period. Pallas Capital Advisors LLC's holdings in HubSpot were worth $908,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HUBS. Norges Bank purchased a new position in HubSpot during the fourth quarter valued at $420,345,000. Raymond James Financial Inc. purchased a new stake in HubSpot in the 4th quarter worth approximately $157,019,000. GAMMA Investing LLC lifted its holdings in HubSpot by 80,552.5% during the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after purchasing an additional 178,021 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock valued at $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of HubSpot in the fourth quarter worth approximately $79,135,000. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $1.83 during mid-day trading on Thursday, reaching $571.74. The company had a trading volume of 408,927 shares, compared to its average volume of 649,290. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock's 50 day moving average is $593.86 and its 200-day moving average is $665.14. The stock has a market capitalization of $30.15 billion, a PE ratio of 6,353.37, a price-to-earnings-growth ratio of 41.44 and a beta of 1.70.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now owns 525,687 shares of the company's stock, valued at $283,135,018.20. This represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,062 shares of company stock worth $11,516,757. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HUBS. Truist Financial reduced their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Scotiabank lowered their price target on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus set a $750.00 price objective on shares of HubSpot in a research note on Friday, April 25th. Redburn Atlantic assumed coverage on shares of HubSpot in a research note on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, Barclays reduced their price target on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $766.71.

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.