Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Amalgamated Bank

Further HubSpot's main challenge is maintaining a sales growth rate that will support its valuation

Further HubSpot's main challenge is maintaining a sales growth rate that will support its valuation

Principal Financial Group Inc. acquired a new stake in shares of HubSpot, Inc. The brokerage now has a $80.00 price objective on the software maker's stock, up from their previous price objective of $78.00.

Several equities analysts have recently weighed in on HUBS shares. Research Firm Zacks boosted HubSpot from a hold recommendation to a buy recommendation and fixed a $75.00 price objective on the company shares in a study note on early Mon, May 1st. Guggenheim started coverage on HubSpot in a report on Thursday, April 13th. HubSpot has a consensus rating of "Buy" and an average target price of $72.19. Oppenheimer Holdings, Inc. set a $80.00 price objective on HubSpot and gave the stock a "buy" rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 target price on HubSpot and gave the stock a buy rating in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock now has an average rating of Buy and a consensus target price of $72.19.

Stocks of HubSpot (NYSE HUBS) declined 4.91% through out intraday market trading on early Wednesday, reaching $65.90. Cowen and Company reissued a market perform recommendation and fixed a $63.00 price objective (up prior from $53.00) on stocks of HubSpot in a study note published on early Thur, May 4th. The company has a 50-day moving average of $69.85 and a 200 day moving average of $64.98. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $78.50.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company had revenue of $89.10 million during the quarter, compared to analyst estimates of $85.80 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The firm's quarterly revenue was up 37.1% on a year-over-year basis. On average, equities analysts predict that HubSpot, Inc. will post $0.05 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was reported by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was illegally copied and republished in violation of USA and worldwide copyright and trademark law. The legal version of this article can be accessed at https://sportsperspectives.com/2017/08/13/principal-financial-group-inc-takes-position-in-hubspot-inc-hubs-updated.html. The stock was sold at an average price of $63.70, for a total value of $63,700.00. Following the sale, the insider now directly owns 89,874 shares of the company's stock, valued at approximately $6,646,182.30. The information was declared in a document with the securities and exchange commission, which is available at the Security and Exchange Commission website.

In related news, insider Hunter Madeley sold 1,000 shares of the firm's stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the sale, the chief executive officer now owns 806,787 shares in the company, valued at approximately $52,239,458.25. The disclosure for this sale can be found here. The company's revenue for the quarter was up 37.1% compared to the same quarter previous year.

Hedge funds have recently added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC purchased a new position in HubSpot during the first quarter valued at $241,000. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker's stock worth $103,000 after buying an additional 1,032 shares during the last quarter. Wellington Management Group LLP raised its position in HubSpot by 2.7% in the first quarter. Insiders sold 57,899 shares of company stock valued at $3,934,380 over the last quarter. HubSpot Inc (NYSE:HUBS) has risen 55.26% since August 11, 2016 and is uptrending. The firm owned 530,066 shares of the software maker's stock after buying an additional 25,847 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker's stock valued at $113,000 after buying an additional 994 shares during the last quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker's stock worth $191,000 after buying an additional 1,823 shares during the last quarter. California Public Employees Retirement System now owns 196,400 shares of the software maker's stock valued at $12,913,000 after buying an additional 4,300 shares in the last quarter. Pier Limited Liability Company has 1.29% invested in HubSpot Inc (NYSE:HUBS).