HubSpot, Inc. $HUBS Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 91.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,601 shares of the software maker’s stock after selling 17,678 shares during the period. Principal Financial Group Inc.’s holdings in HubSpot were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HUBS. Transcend Capital Advisors LLC acquired a new position in HubSpot in the third quarter valued at about $357,000. Thrivent Financial for Lutherans raised its stake in shares of HubSpot by 23.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after acquiring an additional 4,559 shares during the period. National Pension Service lifted its holdings in shares of HubSpot by 3.0% in the 3rd quarter. National Pension Service now owns 74,324 shares of the software maker’s stock worth $34,769,000 after acquiring an additional 2,149 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of HubSpot by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 14,812 shares of the software maker’s stock worth $6,929,000 after acquiring an additional 331 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new position in shares of HubSpot during the 3rd quarter worth approximately $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction dated 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 approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares of the company’s stock, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,430 shares of company stock valued at $6,046,669 in the last 90 days. 4.00% of the stock is currently owned by insiders.

HubSpot Stock Up 1.1%

Shares of HUBS opened at $249.93 on Thursday. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 287.27, a price-to-earnings-growth ratio of 3.67 and a beta of 1.44. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $803.31. The stock has a 50 day moving average price of $329.38 and a 200 day moving average price of $405.83.

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

Analyst Upgrades and Downgrades

HUBS has been the topic of several research reports. Canaccord Genuity Group set a $485.00 target price on HubSpot in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Needham & Company LLC reduced their target price on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Argus dropped their price target on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.70.

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.