Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HubSpot Inc. shares valued at $3,358,180 were sold by Halligan Brian on Feb 21. At $395.08 per share, Halligan Brian sold 8,500 shares. The insider’s holdings dropped to 625,850 shares worth approximately $249.79 million following the completion of this transaction.
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Also, Shah Dharmesh sold 22,000 shares, netting a total of over 8,906,648 in proceeds. Following the sale of shares at $404.85 each, the insider now holds 1,437,416 shares.
Before that, Bueker Kathryn had sold 400 shares from its account. In a trade valued at $164,000, the Chief Financial Officer traded HubSpot Inc. shares for $410.00 each. Upon closing the transaction, the insider’s holdings decreased to 400 shares, worth approximately $13.75 million.
As published in their initiating research note from Credit Suisse on November 22, 2022, HubSpot Inc. [HUBS] has been an Outperform and the price target has been revised to $400. This represents a 0.22% premium over Thursday’s closing price. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in early November. As of July 27, 2022, Oppenheimer has initiated its “an Outperform” rating for HUBS. Earlier on June 09, 2022, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for HUBS stock.
Analyzing HUBS Stock Performance
On Thursday, HubSpot Inc. [NYSE: HUBS] rose 2.06% to $399.12. The stock’s lowest price that day was $390.63, but it reached a high of $404.55 in the same session. During the last five days, there has been a surge of approximately 1.58%. Over the course of the year, HubSpot Inc. shares have jumped approximately 38.04%. Shares of the company reached a 52-week high of $418.39 on 02/17/23 and a 52-week low of $267.99 on 01/06/23. A 50-day SMA is recorded $358.12, while a 200-day SMA reached $317.78. Nevertheless, trading volume fell to 0.71 million shares from 0.71 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 391.65, which, if violated, would cause prices to drop to 384.18. In the upper region, resistance lies at 405.57. The next price resistance is at 412.02. RSI (Relative Strength Index) is 57.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.84, which suggests the price will increase in the coming days. Percent R is at 25.69%, indicating bullish 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 steep in short interest on Jan 12, 2023 dropping by 70000.0 shares to 1.54 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 1.61 million shares. A decline of -4.55% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.56 of the overall float, the days-to-cover ratio (short ratio) decline to 2.56.
Which companies own the most shares of HubSpot Inc. (HUBS)?
According to T. Rowe Price Associates, Inc. filings, the company currently owns 4,522,579 shares, which is about 9.16% of the total HUBS shares outstanding. The investor’s shares have plunged by -674,399 from its previous 13-F filing of 5196978.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,679,700,471. Fidelity Management & Research Co acquire a 1.66% interest valued at $905.84 million while BlackRock Fund Advisors purchased a 201,779 stake. A total of 9,878 shares of HubSpot Inc. were bought by Artisan Partners LP during the quarter, and -29,261 were sold by ClearBridge Investments LLC. In its current portfolio, Abdiel Capital Advisors LP holds 1,160,876 shares valued at $449.1 million.