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

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

Other hedge funds have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new position in HubSpot during the 2nd quarter worth approximately $27,000. Whittier Trust Co. boosted its stake in shares of HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Rakuten Securities Inc. grew its holdings in HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the period. Osterweis Capital Management Inc. purchased a new position in HubSpot in the second quarter worth $34,000. Finally, Exane Asset Management acquired a new stake in HubSpot in the third quarter valued at $30,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 1.1%

Shares of NYSE:HUBS opened at $249.93 on Thursday. The company has a market capitalization of $13.18 billion, a P/E ratio of 287.27, a P/E/G 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’s fifty day simple moving average is $329.38 and its 200-day simple moving average is $405.83.

HubSpot (NYSE:HUBS) last released its earnings results 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 company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. During the same period in the prior year, the firm earned $2.32 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the transaction, the director owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total value of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at $2,408,423.19. This trade represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,430 shares of company stock valued at $6,046,669 over the last ninety days. 4.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Rothschild & Co Redburn cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Argus lowered their target price on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Wells Fargo & Company reduced their price target on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Royal Bank Of Canada lowered their price target on HubSpot from $800.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Finally, Zacks Research downgraded HubSpot from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $452.70.

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.