Shares of HubSpot (HUBS) Sees Large Outflow of Money

HubSpot (HUBS) : The total negative money flow of $9.11 million on Tuesday indicates selling on strength. The inflow of money on upticks was $2.72 million, compared to $11.83 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.23. The negative money flow of $9.64 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $9.64 million. The price action in the HubSpot (HUBS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $56.54 with a gain of $0.24 , a change of 0.43% over the previous days close. The stock registered -0.42% for the week.


Also, Stifel Nicolaus maintains their rating on the shares of HubSpot (NYSE:HUBS). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $62 per share from $61 per share. The rating by the firm was issued on August 4, 2016.

HubSpot, Inc. has dropped 1.51% in the last five trading days, however, the shares have posted positive gains of 3.99% in the last 4 weeks. HubSpot, Inc. is up 10.69% in the last 3-month period. Year-to-Date the stock performance stands at -0.52%.

HubSpot (NYSE:HUBS): The stock opened at $56.75 on Tuesday but the bulls could not build on the opening and the stock topped out at $57.03 for the day. The stock traded down to $55.78 during the day, due to lack of any buying support eventually closed down at $56.02 with a loss of -0.50% for the day. The stock had closed at $56.30 on the previous day. The total traded volume was 692,960 shares.

In a related news,The officer (Chief Financial Officer) of Hubspot Inc, Kinzer John sold 10,000 shares at $56.5 on August 17, 2016. The Insider selling transaction had a total value worth of $565,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

HubSpot, Inc. (HubSpot) provides a cloud-based marketing and sales software platform. The Companys software platform features integrated applications, which include social media, search engine optimization, blogging, Website content management, marketing automation, email, CRM, analytics and reporting. HubSpots platform is a multi-tenant, single code-based, software-as-a-service delivered through Web browsers or mobile applications. HubSpot offers applications, which include Content Optimization System (COS), Search Engine Optimization (SEO), Social Inbox, Marketing Automation and Email, Sidekick, CRM Sync, HubSpot CRM and Reporting and Analytics. The Company sells three product plans, which include HubSpot Basic, HubSpot Pro and HubSpot Enterprise. HubSpot offers professional services and support over the phone and via Web meeting technology.

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