HubSpot Inc’s filing revealed that its Chief Technology Officer Shah Dharmesh unloaded Company’s shares for reported $16.82 million on Nov 19 ’24. In the deal valued at $672.62 per share,25,000 shares were sold. As a result of this transaction, Shah Dharmesh now holds 1,323,145 shares worth roughly $968.3 million.
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Then, Halligan Brian sold 8,500 shares, generating $5,623,515 in total proceeds. Upon selling the shares at $661.59, the Executive Chair now owns 513,698 shares.
Before that, Shah Dharmesh bought 25,000 shares. HubSpot Inc shares valued at $16,815,406 were divested by the Officer at a price of $672.62 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 Monday, HubSpot Inc [NYSE:HUBS] saw its stock fall -1.45% to $731.82. Over the last five days, the stock has gained 9.50%. HubSpot Inc shares have risen nearly 26.06% since the year began. Nevertheless, the stocks have risen 56.46% over the past one year. While a 52-week high of $745.49 was reached on 11/25/24, a 52-week low of $434.84 was recorded on 08/05/24. SMA at 50 days reached $580.30, while 200 days put it at $574.21.
Levels Of Support And Resistance For HUBS Stock
The 24-hour chart illustrates a support level at 722.69, which if violated will result in even more drops to 713.57. On the upside, there is a resistance level at 747.75. A further resistance level may holdings at 763.69. The Relative Strength Index (RSI) on the 14-day chart is 76.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 46.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.38%. Stochastics %K at 93.20% 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 2024-10-31, dropping by 3070.0 shares to a total of 1.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.04 million shares. There was a decline of -0.3%, which implies that there is a negative 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.
