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 $56,978 were sold by Rangan Yamini on Sep 04 ’24. At $491.19 per share, Rangan Yamini sold 116 shares. The insider’s holdings dropped to 67,203 shares worth approximately $35.62 million following the completion of this transaction.
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Also, Rangan Yamini purchased 116 shares, netting a total of over 56,978 in proceeds.
Before that, Halligan Brian had sold 8,500 shares from its account. In a trade valued at $4,245,155, the Executive Chair traded HubSpot Inc shares for $499.43 each. Upon closing the transaction, the insider’s holdings decreased to 8,500 shares, worth approximately $274.68 million.
As published in a research note from KeyBanc Capital Markets on August 08, 2024, HubSpot Inc [HUBS] has been rated up from an Underweight to a Sector weight. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early May. As of March 21, 2024, KeyBanc Capital Markets has initiated its “an Underweight” rating for HUBS. Earlier on December 12, 2023, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for HUBS stock which previously was a “a Neutral”.
Analyzing HUBS Stock Performance
During the last five days, there has been a surge of approximately 7.61%. Over the course of the year, HubSpot Inc shares have dropped approximately -8.69%. Shares of the company reached a 52-week high of $693.85 on 04/04/24 and a 52-week low of $434.84 on 08/05/24. A 50-day SMA is recorded $488.55, while a 200-day SMA reached $570.43. Nevertheless, trading volume fell to 1.06 million shares from 0.36 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 516.52, which, if violated, would cause prices to drop to 502.92. In the upper region, resistance lies at 537.75. The next price resistance is at 545.39. RSI (Relative Strength Index) is 66.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.18, which suggests the price will increase in the coming days. Percent R is at 3.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
