Principal Financial Group Inc. Trims Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Principal Financial Group Inc. reduced its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 21.5% in the 3rd quarter, according to its most recent Form 13F 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.'s holdings in HubSpot were worth $13,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in HubSpot in the second quarter valued at about $35,000. HM Payson & Co. raised its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after buying an additional 28 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of HubSpot in the 3rd quarter valued at about $62,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Oppenheimer upped their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. UBS Group upgraded shares of HubSpot from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Finally, Barclays upped their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average price target of $702.23.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares of the company's stock, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,462 shares of company stock valued at $54,220,551 over the last 90 days. 4.50% of the stock is owned by insiders.

HubSpot Trading Down 2.3 %

NYSE:HUBS traded down $16.51 during trading hours on Friday, hitting $708.16. The company had a trading volume of 269,890 shares, compared to its average volume of 580,216. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The company has a market cap of $36.56 billion, a P/E ratio of -2,622.72, a P/E/G ratio of 88.26 and a beta of 1.70. The company has a 50-day moving average of $673.57 and a 200 day moving average of $572.62.

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

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.