Principal Financial Group Inc. Acquires 1,743 Shares of HubSpot, Inc. (NYSE:HUBS)

Principal Financial Group Inc. increased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,479 shares of the software maker's stock after acquiring an additional 1,743 shares during the period. Principal Financial Group Inc. owned about 0.05% of HubSpot worth $19,147,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HUBS. Capital Performance Advisors LLP increased its holdings in HubSpot by 66.4% during the 4th quarter. Capital Performance Advisors LLP now owns 351 shares of the software maker's stock worth $245,000 after purchasing an additional 140 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in HubSpot by 10.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 704 shares of the software maker's stock worth $491,000 after buying an additional 65 shares in the last quarter. Allworth Financial LP raised its position in HubSpot by 14.6% in the 4th quarter. Allworth Financial LP now owns 149 shares of the software maker's stock valued at $109,000 after buying an additional 19 shares during the last quarter. Principal Securities Inc. lifted its stake in HubSpot by 17.2% during the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock valued at $81,000 after acquiring an additional 17 shares in the last quarter. Finally, Everhart Financial Group Inc. purchased a new position in HubSpot during the 4th quarter worth $217,000. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HUBS shares. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target on the stock in a research report on Thursday, February 13th. Mizuho lifted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. UBS Group raised HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. The Goldman Sachs Group lifted their price target on HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Morgan Stanley upped their price objective on HubSpot from $835.00 to $898.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $863.96.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company's stock, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock valued at $35,878,612 over the last three months. 4.50% of the stock is owned by corporate insiders.

HubSpot Price Performance

NYSE:HUBS traded up $11.27 during trading hours on Friday, hitting $724.46. The stock had a trading volume of 586,066 shares, compared to its average volume of 504,421. The company has a 50 day simple moving average of $739.58 and a two-hundred day simple moving average of $638.60. The firm has a market capitalization of $37.78 billion, a price-to-earnings ratio of 8,050.45, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.