Investors with substantial funds have taken a pessimistic view of HubSpot HUBS.
This development is a wake-up call for retail traders.
Today, we observed a significant trend as positions surfaced on the publicly available options history that we diligently monitor here at Benzinga.
Whether these are institutional players or affluent individuals remains a mystery. However, such sizable movements in HUBS often signal informed anticipation of imminent events.
Our options scanner at Benzinga picked up 21 options trades for HubSpot today.
Such activity is far from normal in the options market.
The prevailing sentiment among these high-net-worth traders leans heavily towards bearish, with 19% bullish and 80% bearish outlooks identified.
Within the array of options uncovered, a single put trade valued at $59,940 contrasted starkly with 20 calls totaling $1,413,817.
Projected Price Targets
Upon evaluating trading volumes and Open Interest, it becomes apparent that major market influencers are eyeing a price range between $620.0 and $660.0 for HubSpot over the past three months.
Volume & Open Interest Development
Delving into volume and open interest is a prudent strategy when researching a stock.
This data provides key insights into the liquidity and interest dynamics of HubSpot’s options across specific strike prices.
Below, observe the evolution of call and put volume and open interest within the $620.0 to $660.0 strike price range among notable market movers in HubSpot over the last 30 days.
HubSpot Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $175.0K | 112 | 1.2K |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $172.0K | 112 | 1.0K |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $114.8K | 112 | 421 |
| HUBS | CALL | SWEEP | BULLISH | 04/19/24 | $640.00 | $100.6K | 112 | 926 |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $95.9K | 112 | 495 |
About HubSpot
HubSpot offers a cloud-based software platform for marketing, sales, and customer service known as the growth platform. The applications can be purchased individually or as part of a bundle. Initially concentrating on inbound marketing, HubSpot has since broadened its scope to encompass marketing, sales, and service more comprehensively. The company was established in 2006, went public in 2014, and is headquartered in Cambridge, Massachusetts.
After analyzing the options trading patterns of HubSpot, attention shifts to a direct evaluation of the company, delving into its current market stance and performance.
Present Market Standing of HubSpot
- The trading volume for HUBS stands at 365,284, with the price showing a 0.2% increase to $621.75.
- Indications from RSI suggest that the underlying stock might be nearing overbought territory.
- The upcoming earnings release is anticipated in 40 days.
Professional Analyst Ratings for HubSpot
Within the past 30 days, a total of 1 professional analyst has offered insights on this stock, establishing an average price target of $520.0.
- In response to concerns, an analyst from Keybanc downgrades its rating to Underweight with a revised price target of $520.
Trading options entails heightened risks but also presents the opportunity for greater returns. Astute traders manage these risks through continuous learning, strategic trade modifications, leveraging various indicators, and staying attuned to market dynamics. Stay updated on the latest options activity for HubSpot with Benzinga Pro for real-time alerts.