Taking a Closer Look At HubSpot Inc. (HUBS) Following Its Recent Trade


In a filing, HubSpot Inc. revealed its Executive Chair Halligan Brian unloaded Company’s shares for reported $3.36 million on Feb 21. In the deal valued at $395.08 per share,8,500 shares were sold. As a result of this transaction, Halligan Brian now holds 625,850 shares worth roughly $ 237.45 million.

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Then, Shah Dharmesh sold 22,000 shares, generating $8,906,648 in total proceeds. Upon selling the shares at $404.85, the Chief Technology Officer now owns 1,437,416 shares.

Before that, Bueker Kathryn sold 400 shares. HubSpot Inc. shares valued at $164,000 were divested by the Chief Financial Officer at a price of $410.00 per share. As a result of the transaction, Bueker Kathryn now holds 34,461 shares, worth roughly $13.07 million.

Credit Suisse initiated its HubSpot Inc. [HUBS] rating to an Outperform in a research note published on Monday, November 22, 2022; the price target was $400. PT values the company’s stock at a premium of 5.15 to its Monday closing price. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in early November with a ‘”an Outperform”‘ rating. Oppenheimer began covering HUBS with “an Outperform” recommendation on July 27, 2022. Scotiabank started covering the stock on June 09, 2022. It rated HUBS as “a Sector outperform”.

Price Performance Review of HUBS

On Monday, HubSpot Inc. [NYSE:HUBS] saw its stock jump 2.62% to $379.40. On the same session, the stock had its day’s lowest price of $356.07, but rose to a high of $385.305. Over the last five days, the stock has lost -5.35%. HubSpot Inc. shares have risen nearly 31.22% since the year began. Nevertheless, the stocks have fallen -13.18% over the past one year. While a 52-week high of $527.06 was reached on 02/17/23, a 52-week low of $245.03 was recorded on 01/06/23. SMA at 50 days reached $351.88, while 200 days put it at $316.94. A total of 0.65 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For HUBS Stock

The 24-hour chart illustrates a support level at 361.88, which if violated will result in even more drops to 344.36. On the upside, there is a resistance level at 391.11. A further resistance level may holdings at 402.83. The Relative Strength Index (RSI) on the 14-day chart is 50.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.73%. Stochastics %K at 27.83% indicates the stock is a holding.

How much short interest is there in HubSpot Inc.?

A steep rise in short interest was recorded in HubSpot Inc. stocks on Jan 12, 2023, dropping by 70000.0 shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 1.61 million shares. There was a decline of -4.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.71% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.56.

HubSpot Inc. [HUBS] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 4,522,579 shares, or roughly 9.16% of the outstanding HUBS shares. In other words, the investor’s shares have fallen by -674,399 from its previous 13-F filing of 5196978.0. Additionally, The Vanguard Group, Inc. increased 3.23% of its stake after which the total value it holdings stand at $1,679,700,471, while Fidelity Management & Research Co added 1.66% of its stake to hold $905.84 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 201,779 shares of HubSpot Inc., while Artisan Partners LP bought 9,878 shares. At present, ClearBridge Investments LLC is holding 1,371,267 shares valued at $530.49 million. Abdiel Capital Advisors LP owned 1,160,876 shares of the company at the time of its most recent 13F filing, worth $449.1 million.

According to FactSet, HubSpot Inc.’s share price will average $449.54 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.72 percent from its previous closing price of $369.70. Analysts expect HubSpot Inc. stock to reach the higher price of $500.00, while the lowest price estimate is $400.00. However, 29 analysts have rated HUBS stock as a Buy in their predictions for 2023. The most recent change occurred on April 26, 2022 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $410 price target.


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