HubSpot Inc [HUBS] Insider Activity: An Update for Investors

HubSpot Inc’s recently made public that its Chief Executive Officer & Pres Rangan Yamini unloaded Company’s shares for reported $73568.0 on Mar 04 ’24. In the deal valued at $634.21 per share,116 shares were sold. As a result of this transaction, Rangan Yamini now holds 88,861 shares worth roughly $55.2 million.

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Then, Rangan Yamini sold 8,817 shares, generating $5,466,540 in total proceeds. Upon selling the shares at $620.00, the Chief Executive Officer & Pres now owns 88,977 shares.

Before that, Halligan Brian sold 8,500 shares. HubSpot Inc shares valued at $5,100,000 were divested by the Executive Chair at a price of $600.00 per share. As a result of the transaction, Halligan Brian now holds 534,386 shares, worth roughly $331.94 million.

Piper Sandler upgraded its HubSpot Inc [HUBS] rating to an Overweight from a a Neutral in a research note published on December 12, 2023; the price target was increased to $610 from $515. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. CapitalOne began covering HUBS with “an Overweight” recommendation on November 14, 2023. Raymond James revised its rating on October 11, 2023. It rated HUBS as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of HUBS

On Tuesday, HubSpot Inc [NYSE:HUBS] saw its stock jump 1.41% to $621.16. Over the last five days, the stock has gained 2.52%. HubSpot Inc shares have risen nearly 7.00% since the year began. Nevertheless, the stocks have risen 68.02% over the past one year. While a 52-week high of $660.00 was reached on 02/09/24, a 52-week low of $356.07 was recorded on 01/05/24. SMA at 50 days reached $595.82, while 200 days put it at $526.57. A total of 0.35 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For HUBS Stock

The 24-hour chart illustrates a support level at 617.51, which if violated will result in even more drops to 613.87. On the upside, there is a resistance level at 625.12. A further resistance level may holdings at 629.09. The Relative Strength Index (RSI) on the 14-day chart is 55.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.41%. Stochastics %K at 56.51% 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 Feb 29, 2024, dropping by -0.11 million shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.74 million shares. There was a decline of -17.09%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.2.

The most recent change occurred on September 05, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $695 price target.

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