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

Principal Financial Group Inc. raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,479 shares of the software maker’s stock after purchasing an additional 1,743 shares during the period. Principal Financial Group Inc. owned 0.05% of HubSpot worth $19,147,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HUBS. Sequoia Financial Advisors LLC raised its holdings in HubSpot by 16.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock valued at $367,000 after acquiring an additional 100 shares during the period. Ballentine Partners LLC grew its position in shares of HubSpot by 8.5% in the third quarter. Ballentine Partners LLC now owns 539 shares of the software maker’s stock valued at $287,000 after purchasing an additional 42 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of HubSpot by 34.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the software maker’s stock valued at $3,395,000 after purchasing an additional 1,626 shares during the period. Forsta AP Fonden raised its stake in shares of HubSpot by 11.5% during the 3rd quarter. Forsta AP Fonden now owns 10,700 shares of the software maker’s stock valued at $5,688,000 after purchasing an additional 1,100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in HubSpot by 50.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock worth $1,699,000 after purchasing an additional 1,073 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays reiterated an “equal weight” rating on shares of HubSpot in a research report on Thursday, February 13th. Piper Sandler upped their target price on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Citigroup raised their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target for the company in a research report on Thursday, February 13th. Finally, BMO Capital Markets increased their price objective on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were 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 in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 in the last three months. 4.50% of the stock is owned by insiders.

HubSpot Trading Down 0.4 %

Shares of NYSE:HUBS opened at $723.26 on Tuesday. The stock has a market capitalization of $37.72 billion, a P/E ratio of 8,037.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The stock’s 50-day moving average price is $739.45 and its 200-day moving average price is $635.73. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, research analysts predict that HubSpot, Inc. will post 1.01 EPS 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.