Whales with a lot of money to spend have taken a noticeably bullish stance on HubSpot.
Looking at options history for HubSpot (NYSE:HUBS) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $173,252 and 6, calls, for a total amount of $208,048.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $550.0 to $700.0 for HubSpot over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for HubSpot options trades today is 510.12 with a total volume of 648.00.
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 $550.0 to $700.0 over the last 30 days.
HubSpot Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBS | PUT | TRADE | NEUTRAL | 06/21/24 | $13.7 | $11.1 | $12.5 | $550.00 | $106.2K | 273 | 90 |
| HUBS | PUT | SWEEP | BEARISH | 06/21/24 | $27.7 | $26.8 | $26.8 | $580.00 | $67.0K | 193 | 37 |
| HUBS | CALL | TRADE | BULLISH | 06/21/24 | $8.5 | $8.0 | $8.4 | $700.00 | $63.0K | 3.0K | 424 |
| HUBS | CALL | SWEEP | BEARISH | 07/19/24 | $23.7 | $22.5 | $22.5 | $650.00 | $33.7K | 41 | 0 |
| HUBS | CALL | SWEEP | BULLISH | 06/21/24 | $18.1 | $17.5 | $18.1 | $640.00 | $30.7K | 332 | 81 |
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.
Present Market Standing of HubSpot
- With a trading volume of 283,856, the price of HUBS is down by -0.77%, reaching $590.29.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 68 days from now.
What Analysts Are Saying About HubSpot
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $677.0.
- An analyst from TD Cowen persists with their Buy rating on HubSpot, maintaining a target price of $680.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for HubSpot, targeting a price of $650.
- An analyst from Piper Sandler persists with their Overweight rating on HubSpot, maintaining a target price of $655.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on HubSpot with a target price of $700.
- An analyst from Canaccord Genuity persists with their Buy rating on HubSpot, maintaining a target price of $700.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for HubSpot with Benzinga Pro for real-time alerts.
