Principal Financial Group Inc. trimmed its position in shares of HubSpot Inc (NYSE:HUBS) by 87.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,637 shares of the software maker’s stock after selling 25,750 shares during the quarter. Principal Financial Group Inc.’s holdings in HubSpot were worth $457,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC bought a new stake in shares of HubSpot in the 4th quarter worth approximately $275,000. North Peak Capital Management LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $15,397,000. Polar Capital LLP boosted its stake in shares of HubSpot by 51.4% during the 4th quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after acquiring an additional 104,956 shares in the last quarter. American International Group Inc. boosted its stake in shares of HubSpot by 1.4% during the 4th quarter. American International Group Inc. now owns 24,381 shares of the software maker’s stock worth $3,065,000 after acquiring an additional 327 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of HubSpot by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock worth $48,100,000 after acquiring an additional 34,178 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.
Shares of HubSpot stock opened at $181.92 on Wednesday. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of -178.35 and a beta of 1.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. HubSpot Inc has a 52 week low of $106.95 and a 52 week high of $186.96.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, sell-side analysts forecast that HubSpot Inc will post -1.1 EPS for the current year.
HUBS has been the subject of a number of research reports. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Deutsche Bank started coverage on HubSpot in a report on Friday, January 25th. They set a “hold” rating and a $150.00 target price on the stock. Bank of America restated a “buy” rating and set a $185.00 target price (up from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. CIBC reiterated a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. HubSpot has an average rating of “Buy” and a consensus target price of $178.29.
In other HubSpot news, insider Hunter Madeley sold 1,138 shares of HubSpot stock in a transaction on Monday, March 4th. The shares were sold at an average price of $172.75, for a total value of $196,589.50. Following the completion of the sale, the insider now directly owns 40,663 shares of the company’s stock, valued at $7,024,533.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of HubSpot stock in a transaction on Monday, February 11th. The shares were sold at an average price of $166.92, for a total transaction of $689,880.36. Following the completion of the sale, the director now directly owns 18,207 shares of the company’s stock, valued at $3,039,112.44. The disclosure for this sale can be found here. Insiders sold 87,896 shares of company stock worth $14,700,297 in the last 90 days. Company insiders own 9.60% of the company’s stock.
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HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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