Financial giants have made a conspicuous bearish move on HubSpot. Our analysis of options history for HubSpot HUBS revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $107,567, and 5 were calls, valued at $214,407.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $540.0 for HubSpot over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for HubSpot options trades today is 189.33 with a total volume of 60.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for HubSpot's big money trades within a strike price range of $300.0 to $540.0 over the last 30 days.
HubSpot Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUBS | PUT | TRADE | BULLISH | 01/19/24 | $540.00 | $50.0K | 300 | 1 |
| HUBS | CALL | SWEEP | BEARISH | 01/19/24 | $540.00 | $49.4K | 426 | 33 |
| HUBS | CALL | SWEEP | BEARISH | 01/19/24 | $540.00 | $49.0K | 426 | 23 |
| HUBS | CALL | SWEEP | BEARISH | 01/19/24 | $540.00 | $49.0K | 426 | 3 |
| HUBS | CALL | TRADE | BEARISH | 06/21/24 | $500.00 | $36.3K | 70 | 3 |
About HubSpot
HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.
In light of the recent options history for HubSpot, it's now appropriate to focus on the company itself. We aim to explore its current performance.
HubSpot's Current Market Status
- Currently trading with a volume of 136,769, the HUBS's price is down by 0.0%, now at $579.9.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 51 days.
What Analysts Are Saying About HubSpot
In the last month, 2 experts released ratings on this stock with an average target price of $575.0.
- An analyst from Piper Sandler upgraded its action to Overweight with a price target of $610.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for HubSpot, targeting a price of $540.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest HubSpot options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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