Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money.
Today we look at one noteworthy recent insider buy.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money.
Today we look at one noteworthy recent insider buy.
At HubSpot, a filing with the SEC revealed that on Friday, Chief Technology Officer Dharmesh Shah purchased 40,000 shares of HUBS, at a cost of $124.42 each, for a total investment of $4.98M.
Bargain hunters have the opportunity to buy HUBS at a price even lower than Shah did, with the stock trading as low as $104.33 in trading on Tuesday -- that's 16.1% under Shah's purchase price.
HubSpot Inc is trading down about 2.9% on the day Tuesday.
This buy marks the first one filed by Shah in the past twelve months.