Selling Buzz: HubSpot Inc. [HUBS] Executive Chair Halligan Brian sells 8,500 shares of the company


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HubSpot Inc. shares valued at $2,419,950 were sold by Halligan Brian on Oct 18. At $284.70 per share, Halligan Brian sold 8,500 shares. The insider’s holdings dropped to 648,280 shares worth approximately $180.58 million following the completion of this transaction.

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Also, Halligan Brian sold 8,500 shares, netting a total of over 2,431,000 in proceeds. Following the sale of shares at $286.00 each, the insider now holds 658,066 shares.

Before that, Halligan Brian had sold 8,500 shares from its account. In a trade valued at $3,248,190, the Executive Chair traded HubSpot Inc. shares for $382.14 each. Upon closing the transaction, the insider’s holdings decreased to 8,500 shares, worth approximately $185.68 million.

As published in their initiating research note from Macquarie on November 02, 2022, HubSpot Inc. [HUBS] has been an Outperform and the price target has been revised to $355. This represents a 21.53% premium over Thursday’s closing price. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late July. As of June 09, 2022, Scotiabank has initiated its “Sector outperform” rating for HUBS. Earlier on April 26, 2022, UBS initiated its rating. Their recommendation was “a Neutral” for HUBS stock.

Analyzing HUBS Stock Performance

On Thursday, HubSpot Inc. [NYSE: HUBS] rose 5.68% to $278.56. The stock’s lowest price that day was $277.09, but it reached a high of $302.836 in the same session. During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, HubSpot Inc. shares have dropped approximately -57.74%. Shares of the company reached a 52-week high of $659.24 on 01/03/22 and a 52-week low of $245.03 on 10/13/22. A 50-day SMA is recorded $290.56, while a 200-day SMA reached $367.66. Nevertheless, trading volume fell to 1.96 million shares from 0.66 million shares the previous day.

Support And Resistance Levels for HubSpot Inc. (HUBS)

According to the 24-hour chart, there is a support level at 269.49, which, if violated, would cause prices to drop to 260.42. In the upper region, resistance lies at 295.23. The next price resistance is at 311.91. RSI (Relative Strength Index) is 49.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.10, which suggests the price will increase in the coming days. Percent R is at 58.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is HubSpot Inc. subject to short interest?

Stocks of HubSpot Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.22 million shares to 2.6 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.38 million shares. A jump of 8.46% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.68 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.68.

Which companies own the most shares of HubSpot Inc. (HUBS)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 5,269,200 shares, which is about 10.97% of the total HUBS shares outstanding. The investor’s shares have appreciated by 102,016 from its previous 13-F filing of 5167184.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,111,531,104. BlackRock Fund Advisors reduced a -1.68% interest valued at $541.09 million while Artisan Partners LP sold a -368,387 stake. A total of -369,517 shares of HubSpot Inc. were sold by Fidelity Management & Research Co during the quarter, and -3,755 were sold by Capital Research & Management Co. In its current portfolio, ClearBridge Investments LLC holds 1,324,312 shares valued at $357.72 million.

In terms of HubSpot Inc. share price expectations, FactSet research, analysts set an average price target of $388.37 in the next 12 months, up nearly 46.07% from the previous closing price of $263.58. Analysts anticipate HubSpot Inc. stock to reach $500.00 by 2022, with the lowest price target being $320.00. In spite of this, 28 analysts ranked HubSpot Inc. stock as a Buy at the end of 2022. On February 11, 2022, Cowen assigned a price target of “an Outperform” to the stock and upgraded coverage with a $750.


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