HubSpot Inc’s recently made public that its Chief Executive Officer & Pres Rangan Yamini unloaded Company’s shares for reported $1.8 million on Apr 02 ’24. In the deal valued at $627.12 per share,2,874 shares were sold. As a result of this transaction, Rangan Yamini now holds 74,784 shares worth roughly $47.4 million.
Then, Halligan Brian sold 8,500 shares, generating $5,080,280 in total proceeds. Upon selling the shares at $597.68, the Executive Chair now owns 528,764 shares.
Before that, Rangan Yamini sold 116 shares. HubSpot Inc shares valued at $73,568 were divested by the Chief Executive Officer & Pres at a price of $634.21 per share. As a result of the transaction, Rangan Yamini now holds 88,861 shares, worth roughly $56.32 million.
KeyBanc Capital Markets initiated its HubSpot Inc [HUBS] rating to an Underweight in a research note published on March 21, 2024; the price target was $520. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. BMO Capital Markets also remained covering HUBS and reiterated its “an Outperform” recommendation on November 30, 2023. CapitalOne started covering the stock on November 14, 2023. It rated HUBS as “an Overweight”.
Price Performance Review of HUBS
On Tuesday, HubSpot Inc [NYSE:HUBS] saw its stock fall -0.59% to $633.85. Over the last five days, the stock has lost -3.84%. HubSpot Inc shares have risen nearly 9.18% since the year began. Nevertheless, the stocks have risen 52.29% over the past one year. While a 52-week high of $693.85 was reached on 04/04/24, a 52-week low of $399.48 was recorded on 01/05/24. SMA at 50 days reached $623.90, while 200 days put it at $541.10. A total of 0.36 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For HUBS Stock
The 24-hour chart illustrates a support level at 628.83, which if violated will result in even more drops to 623.80. On the upside, there is a resistance level at 639.03. A further resistance level may holdings at 644.21. The Relative Strength Index (RSI) on the 14-day chart is 48.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.86%. Stochastics %K at 44.69% indicates the stock is a holding.
