HubSpot Inc’s recent filing unveils that its Executive Chair Halligan Brian unloaded Company’s shares for reported $5.41 million on Apr 16 ’24. In the deal valued at $636.18 per share,8,500 shares were sold. As a result of this transaction, Halligan Brian now holds 526,041 shares worth roughly $ 332.06 million.
Then, Rangan Yamini sold 2,874 shares, generating $1,802,343 in total proceeds. Upon selling the shares at $627.12, the Chief Executive Officer & Pres now owns 74,784 shares.
Before that, Halligan Brian sold 8,500 shares. HubSpot Inc shares valued at $5,080,280 were divested by the Executive Chair at a price of $597.68 per share. As a result of the transaction, Halligan Brian now holds 528,764 shares, worth roughly $333.78 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 Friday, HubSpot Inc [NYSE:HUBS] saw its stock fall -2.82% to $631.24. Over the last five days, the stock has lost -4.84%. HubSpot Inc shares have risen nearly 8.73% since the year began. Nevertheless, the stocks have risen 50.56% 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 $625.81, while 200 days put it at $542.78. A total of 0.81 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For HUBS Stock
The 24-hour chart illustrates a support level at 615.70, which if violated will result in even more drops to 600.16. On the upside, there is a resistance level at 654.65. A further resistance level may holdings at 678.06. The Relative Strength Index (RSI) on the 14-day chart is 48.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.81%. Stochastics %K at 36.94% indicates the stock is a holding.
