Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HubSpot Inc shares valued at $5,080,280 were sold by Halligan Brian on Mar 19 ’24. At $597.68 per share, Halligan Brian sold 8,500 shares. The insider’s holdings dropped to 528,764 shares worth approximately $330.82 million following the completion of this transaction.
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Also, Rangan Yamini sold 116 shares, netting a total of over 73,568 in proceeds. Following the sale of shares at $634.21 each, the insider now holds 88,861 shares.
Before that, Rangan Yamini had sold 8,817 shares from its account. In a trade valued at $5,466,540, the Chief Executive Officer & Pres traded HubSpot Inc shares for $620.00 each. Upon closing the transaction, the insider’s holdings decreased to 8,817 shares, worth approximately $55.67 million.
As published in a research note from Piper Sandler on December 12, 2023, HubSpot Inc [HUBS] has been rated up from a Neutral to an Overweight and the price target has been revised to $610 from $515. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in late November. As of November 14, 2023, CapitalOne has initiated its “an Overweight” rating for HUBS. Earlier on October 11, 2023, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for HUBS stock which previously was a “a Strong buy”.
Analyzing HUBS Stock Performance
During the last five days, there has been a surge of approximately 0.10%. Over the course of the year, HubSpot Inc shares have jumped approximately 7.77%. Shares of the company reached a 52-week high of $660.00 on 02/09/24 and a 52-week low of $527.00 on 01/05/24. A 50-day SMA is recorded $603.97, while a 200-day SMA reached $529.77. Nevertheless, trading volume fell to 0.31 million shares from 0.34 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 614.48, which, if violated, would cause prices to drop to 603.33. In the upper region, resistance lies at 632.51. The next price resistance is at 639.39. RSI (Relative Strength Index) is 55.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 24.95%, 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 Feb 29, 2024 dropping by -0.11 million shares to 0.63 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 0.74 million shares. A decline of -17.09% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.2 of the overall float, the days-to-cover ratio (short ratio) decline to 1.2.
