Principal Financial Group Inc. Has $13.68 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Principal Financial Group Inc. reduced its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 21.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,736 shares of the software maker's stock after selling 7,048 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of HubSpot worth $13,681,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HUBS. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker's stock valued at $1,211,535,000 after purchasing an additional 176,336 shares during the period. Fred Alger Management LLC boosted its position in shares of HubSpot by 516.2% in the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock worth $96,307,000 after purchasing an additional 136,793 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker's stock worth $672,590,000 after purchasing an additional 126,462 shares during the period. Marshall Wace LLP increased its stake in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock valued at $142,468,000 after acquiring an additional 113,555 shares during the last quarter. Finally, Dorsal Capital Management LP bought a new position in HubSpot during the 2nd quarter worth approximately $44,234,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Down 2.8 %

NYSE HUBS traded down $19.23 during trading on Friday, reaching $677.07. The company's stock had a trading volume of 460,569 shares, compared to its average volume of 546,826. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $724.61. The firm has a 50 day moving average price of $554.78 and a 200 day moving average price of $548.16. The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of -2,507.67, a price-to-earnings-growth ratio of 82.30 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) earnings per share. On average, equities analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,891 shares of company stock valued at $6,662,473 over the last three months. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. BMO Capital Markets increased their target price on HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. UBS Group lifted their price target on shares of HubSpot from $550.00 to $650.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on shares of HubSpot from $600.00 to $625.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $672.68.

HubSpot Company 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.