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 $16,815,415 were sold by Shah Dharmesh on Nov 19 ’24. At $672.62 per share, Shah Dharmesh sold 25,000 shares. The insider’s holdings dropped to 1,323,145 shares worth approximately $952.66 million following the completion of this transaction.
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Also, Halligan Brian sold 8,500 shares, netting a total of over 5,623,515 in proceeds. Following the sale of shares at $661.59 each, the insider now holds 513,698 shares.
Before that, Shah Dharmesh had added 25,000 shares to its account. In a trade valued at $16,815,406, the Officer bought HubSpot Inc shares for $672.62 each.
As published in a research note from BMO Capital Markets on November 07, 2024, HubSpot Inc [HUBS] has been retained to an Outperform and the price target has been revised to $690. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of August 08, 2024, KeyBanc Capital Markets has increased its “an Underweight” rating to a “Sector weight” for HUBS. Earlier on May 09, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for HUBS stock.
Analyzing HUBS Stock Performance
During the last five days, there has been a surge of approximately 3.40%. Over the course of the year, HubSpot Inc shares have jumped approximately 24.02%. Shares of the company reached a 52-week high of $728.90 on 11/21/24 and a 52-week low of $434.84 on 08/05/24. A 50-day SMA is recorded $570.55, while a 200-day SMA reached $573.22. Nevertheless, trading volume fell to 0.66 million shares from 0.34 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 702.68, which, if violated, would cause prices to drop to 685.36. In the upper region, resistance lies at 733.11. The next price resistance is at 746.21. RSI (Relative Strength Index) is 78.35 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 37.38, which suggests the price will increase in the coming days. Percent R is at 5.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
