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Recent Insider Activity Suggests Potential Gains for HubSpot Inc (HUBS)

HubSpot Inc’s recent filing unveils that its Chief Legal Officer Harvey Dawson Alyssa unloaded Company’s shares for reported $0.25 million on Nov 07 ’24. In the deal valued at $650.00 per share,384 shares were sold. As a result of this transaction, Harvey Dawson Alyssa now holds 8,176 shares worth roughly $5.37 million.

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Then, Harvey Dawson Alyssa sold 429 shares, generating $257,400 in total proceeds. Upon selling the shares at $600.00, the Chief Legal Officer now owns 8,560 shares.

Before that, Harvey Dawson Alyssa bought 384 shares. HubSpot Inc shares valued at $249,600 were divested by the Officer at a price of $650.00 per share.

BMO Capital Markets reiterated its HubSpot Inc [HUBS] rating to an Outperform in a research note published on November 07, 2024; the price target was $690. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “a Neutral”. KeyBanc Capital Markets also remained covering HUBS and has increased its forecast on August 08, 2024 with a “Sector weight” recommendation from previously “an Underweight” rating. BMO Capital Markets maintained its rating on May 09, 2024. It rated HUBS as “an Outperform”.

Price Performance Review of HUBS

On Friday, HubSpot Inc [NYSE:HUBS] saw its stock jump 1.85% to $656.56. Over the last five days, the stock has gained 16.16%. HubSpot Inc shares have risen nearly 13.09% since the year began. Nevertheless, the stocks have risen 48.49% over the past one year. While a 52-week high of $693.85 was reached on 04/04/24, a 52-week low of $413.07 was recorded on 08/05/24. SMA at 50 days reached $535.46, while 200 days put it at $569.50.

Levels Of Support And Resistance For HUBS Stock

The 24-hour chart illustrates a support level at 635.98, which if violated will result in even more drops to 615.39. On the upside, there is a resistance level at 671.23. A further resistance level may holdings at 685.89. The Relative Strength Index (RSI) on the 14-day chart is 82.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 59.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.22%. Stochastics %K at 91.54% indicates the stock is a selling.

How much short interest is there in HubSpot Inc?

A steep rise in short interest was recorded in HubSpot Inc stocks on 2024-10-15, growing by 0.11 million shares to a total of 1.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.9 million shares. There was a rise of 11.03%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 21, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Underweight”‘ rating along with a $520 price target.

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