The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HubSpot Inc shares valued at $5,407,530 were sold by Halligan Brian on Apr 16 ’24. At $636.18 per share, Halligan Brian sold 8,500 shares. The insider’s holdings dropped to 526,041 shares worth approximately $318.83 million following the completion of this transaction.
Also, Rangan Yamini sold 2,874 shares, netting a total of over 1,802,343 in proceeds. Following the sale of shares at $627.12 each, the insider now holds 74,784 shares.
Before that, Halligan Brian had sold 8,500 shares from its account. In a trade valued at $5,080,280, the Executive Chair traded HubSpot Inc shares for $597.68 each. Upon closing the transaction, the insider’s holdings decreased to 8,500 shares, worth approximately $320.48 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 drop of approximately -7.00%. Over the course of the year, HubSpot Inc shares have jumped approximately 4.40%. 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 $627.96, while a 200-day SMA reached $546.48. Nevertheless, trading volume fell to 0.63 million shares from 0.61 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 586.65, which, if violated, would cause prices to drop to 567.21. In the upper region, resistance lies at 623.89. The next price resistance is at 641.69. RSI (Relative Strength Index) is 40.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -20.01, which suggests the price will decrease in the coming days. Percent R is at 77.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
