Principal Financial Group Inc. Has $457,000 Holdings in HubSpot Inc (HUBS)

Principal Financial Group Inc. lowered its stake in shares of HubSpot Inc (NYSE:HUBS) by 87.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,637 shares of the software maker’s stock after selling 25,750 shares during the period. Principal Financial Group Inc.’s holdings in HubSpot were worth $457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of HubSpot by 11.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock worth $9,357,000 after purchasing an additional 6,320 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in HubSpot in the third quarter valued at approximately $228,000. Paloma Partners Management Co lifted its holdings in HubSpot by 36.9% in the third quarter. Paloma Partners Management Co now owns 3,009 shares of the software maker’s stock valued at $454,000 after acquiring an additional 811 shares during the period. Pacer Advisors Inc. acquired a new position in HubSpot in the third quarter valued at approximately $331,000. Finally, MetLife Investment Advisors LLC lifted its holdings in HubSpot by 50.2% in the third quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock valued at $3,735,000 after acquiring an additional 8,264 shares during the period. Institutional investors and hedge funds own 96.78% of the company’s stock.

Shares of HUBS stock opened at $183.39 on Tuesday. 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 1-year low of $104.10 and a 1-year high of $185.70. The company has a market cap of $7.51 billion, a PE ratio of -179.79 and a beta of 1.90.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, sell-side analysts forecast that HubSpot Inc will post -1.09 earnings per share for the current fiscal year.

HUBS has been the subject of a number of analyst reports. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Stephens initiated coverage on HubSpot in a report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price target for the company. Bank of America reissued a “buy” rating and issued a $185.00 price target (up from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. UBS Group downgraded HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $175.69.

In other HubSpot news, insider Hunter Madeley sold 1,005 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $161,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total value of $4,218,250.00. Following the completion of the sale, the chief executive officer now owns 777,390 shares of the company’s stock, valued at $131,169,014.70. The disclosure for this sale can be found here. Insiders have sold 87,895 shares of company stock valued at $14,671,594 over the last quarter. 9.60% of the stock is owned by company insiders.

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HubSpot 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.