Principal Financial Group Inc. Sells 3,145 Shares of HubSpot, Inc. (HUBS)

Principal Financial Group Inc. reduced its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 44.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,969 shares of the software maker’s stock after selling 3,145 shares during the quarter. Principal Financial Group Inc.’s holdings in HubSpot were worth $334,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HUBS. Russell Investments Group Ltd. lifted its stake in shares of HubSpot by 238.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 59,888 shares of the software maker’s stock valued at $3,937,000 after buying an additional 42,184 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of HubSpot during the 2nd quarter valued at approximately $356,000. Great West Life Assurance Co. Can lifted its stake in shares of HubSpot by 91.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 3,837 shares of the software maker’s stock valued at $252,000 after buying an additional 1,837 shares in the last quarter. Sei Investments Co. lifted its stake in shares of HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after buying an additional 631 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of HubSpot by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 140,467 shares of the software maker’s stock valued at $9,236,000 after buying an additional 7,425 shares in the last quarter. Institutional investors own 93.23% of the company’s stock.

Shares of HubSpot, Inc. (NYSE HUBS) opened at $90.85 on Friday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot, Inc. has a 52-week low of $44.90 and a 52-week high of $91.40.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. The firm had revenue of $97.73 million for the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) EPS. equities analysts forecast that HubSpot, Inc. will post -0.99 earnings per share for the current year.

In related news, insider Dharmesh Shah sold 24,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $84.92, for a total transaction of $2,038,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $84.35, for a total transaction of $84,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,000 shares of company stock worth $5,801,530. Corporate insiders own 12.10% of the company’s stock.

Several research firms have issued reports on HUBS. Cowen increased their target price on shares of HubSpot from $69.00 to $76.00 and gave the stock a “market perform” rating in a research note on Thursday, September 28th. KeyCorp reiterated a “buy” rating and issued a $86.00 target price on shares of HubSpot in a research note on Wednesday, September 27th. UBS reiterated an “outperform” rating and issued a $82.00 target price (up from $80.00) on shares of HubSpot in a research note on Wednesday, September 27th. Canaccord Genuity reiterated a “buy” rating and issued a $83.00 target price on shares of HubSpot in a research note on Wednesday, September 27th. Finally, Oppenheimer reiterated a “buy” rating and issued a $82.00 target price on shares of HubSpot in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot currently has a consensus rating of “Buy” and an average target price of $84.82.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.com-unik.info/2017/12/16/principal-financial-group-inc-sells-3145-shares-of-hubspot-inc-hubs.html.

HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot, Inc. (NYSE:HUBS).

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

What are top analysts saying about HubSpot? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HubSpot and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit