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HubSpot Inc (HUBS) receives an Outperform rating from BMO Capital Markets

HubSpot Inc’s recently made public that its Executive Chair Halligan Brian unloaded Company’s shares for reported $4.01 million on Jul 16 ’24. In the deal valued at $472.27 per share,8,500 shares were sold. As a result of this transaction, Halligan Brian now holds 518,152 shares worth roughly $255.3 million.

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Then, Shah Dharmesh sold 25,000 shares, generating $14,671,369 in total proceeds. Upon selling the shares at $586.85, the Chief Technology Officer now owns 1,348,929 shares.

Before that, Bueker Kathryn sold 902 shares. HubSpot Inc shares valued at $528,879 were divested by the Chief Financial Officer at a price of $586.34 per share. As a result of the transaction, Bueker Kathryn now holds 44,715 shares, worth roughly $22.03 million.

BMO Capital Markets reiterated its HubSpot Inc [HUBS] rating to an Outperform in a research note published on May 09, 2024; the price target was $635. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late March with a ‘”an Underweight”‘ rating. Piper Sandler also remained covering HUBS and has increased its forecast on December 12, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. BMO Capital Markets maintained its rating on November 30, 2023. It rated HUBS as “an Outperform”.

Price Performance Review of HUBS

On Friday, HubSpot Inc [NYSE:HUBS] saw its stock fall -0.61% to $492.72. Over the last five days, the stock has gained 2.69%. HubSpot Inc shares have fallen nearly -15.13% since the year began. Nevertheless, the stocks have fallen -10.22% over the past one year. While a 52-week high of $693.85 was reached on 04/04/24, a 52-week low of $407.23 was recorded on 07/10/24. SMA at 50 days reached $565.50, while 200 days put it at $562.63. A total of 0.93 million shares were traded, compared to the trading of 1.09 million shares in the previous session.

Levels Of Support And Resistance For HUBS Stock

The 24-hour chart illustrates a support level at 489.18, which if violated will result in even more drops to 485.64. On the upside, there is a resistance level at 498.68. A further resistance level may holdings at 504.64. The Relative Strength Index (RSI) on the 14-day chart is 39.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.52%. Stochastics%K at 23.54% indicates the stock is a holding.

The most recent change occurred on November 14, 2023 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $525 price target.

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