Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HubSpot Inc shares valued at $1,802,343 were sold by Rangan Yamini on Apr 02 ’24. At $627.12 per share, Rangan Yamini sold 2,874 shares. The insider’s holdings dropped to 74,784 shares worth approximately $49.2 million following the completion of this transaction.
Also, Halligan Brian sold 8,500 shares, netting a total of over 5,080,280 in proceeds. Following the sale of shares at $597.68 each, the insider now holds 528,764 shares.
Before that, Rangan Yamini had sold 116 shares from its account. In a trade valued at $73,568, the Chief Executive Officer & Pres traded HubSpot Inc shares for $634.21 each. Upon closing the transaction, the insider’s holdings decreased to 116 shares, worth approximately $58.46 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, HubSpot Inc [HUBS] has been an Underweight and the price target has been revised to $520. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of November 30, 2023, BMO Capital Markets has reiterated its “an Outperform” rating for HUBS. Earlier on November 14, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for HUBS stock.
Analyzing HUBS Stock Performance
During the last five days, there has been a surge of approximately 5.54%. Over the course of the year, HubSpot Inc shares have jumped approximately 13.32%. Shares of the company reached a 52-week high of $693.85 on 04/04/24 and a 52-week low of $527.00 on 01/05/24. A 50-day SMA is recorded $615.03, while a 200-day SMA reached $535.33. Nevertheless, trading volume fell to 3.06 million shares from 0.64 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 626.52, which, if violated, would cause prices to drop to 595.20. In the upper region, resistance lies at 691.51. The next price resistance is at 725.18. RSI (Relative Strength Index) is 62.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.32, which suggests the price will increase in the coming days. Percent R is at 34.39%, 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 steep in short interest on Mar 15, 2024 dropping by 12040.0 shares to 0.64 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.65 million shares. A decline of -1.89% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.42 of the overall float, the days-to-cover ratio (short ratio) decline to 1.42.
