Market Whales and Their Recent Bets on HUBS Options

Investors with a lot of money to spend have taken a bullish stance on HubSpot HUBS.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HUBS, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 40 uncommon options trades for HubSpot.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $1,006,331, and 33 are calls, for a total amount of $2,042,285.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $580.0 and $850.0 for HubSpot, spanning the last three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for HubSpot's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of HubSpot's whale trades within a strike price range from $580.0 to $850.0 in the last 30 days.

HubSpot Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

After a thorough review of the options trading surrounding HubSpot, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of HubSpot

• Trading volume stands at 451,108, with HUBS's price up by 2.57%, positioned at $649.7.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 13 days.

Expert Opinions on HubSpot

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $679.0.

• An analyst from Stifel persists with their Buy rating on HubSpot, maintaining a target price of $750.
• Reflecting concerns, an analyst from Keybanc lowers its rating to Underweight with a new price target of $520.
• An analyst from Scotiabank has decided to maintain their Sector Outperform rating on HubSpot, which currently sits at a price target of $700.
• An analyst from Canaccord Genuity persists with their Buy rating on HubSpot, maintaining a target price of $750.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on HubSpot, which currently sits at a price target of $675.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for HubSpot, Benzinga Pro gives you real-time options trades alerts.