A company insider recently sold 5,728 shares of HashiCorp Inc. [HCP]. Should You also Consider to Sale?

HashiCorp Inc.’s recently made public that its Director St. Ledger Susan unloaded Company’s shares for reported $0.18 million on Jun 23. In the deal valued at $31.03 per share,5,728 shares were sold. As a result of this transaction, St. Ledger Susan now holds 11,498 shares worth roughly $ 0.46 million.

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Then, Sweeney Brandon sold 26,917 shares, generating $777,753 in total proceeds. Upon selling the shares at $28.89, the Chief Revenue Officer now owns 31,268 shares.

Before that, Holmes Marc sold 3,748 shares. HashiCorp Inc. shares valued at $108,348 were divested by the Chief Marketing Officer at a price of $28.91 per share. As a result of the transaction, Holmes Marc now holds 6,372 shares, worth roughly $0.25 million.

Piper Sandler initiated its HashiCorp Inc. [HCP] rating to a Neutral in a research note published on Monday, April 12, 2022; the price target was $59. PT values the company’s stock at a premium of 32.76 to its Monday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Wolfe Research began covering HCP with “an Outperform” recommendation on January 03, 2022. William Blair started covering the stock on January 03, 2022. It rated HCP as “an Outperform”.

Price Performance Review of HCP

On Monday, HashiCorp Inc. [NASDAQ:HCP] saw its stock jump 4.89% to $39.67. On the same session, the stock had its day’s lowest price of $37.36, but rose to a high of $39.71. Over the last five days, the stock has gained 8.74%. HashiCorp Inc. shares have fallen nearly -56.43% since the year began. A total of 1.44 million shares were traded, compared to the trading of 2.8 million shares in the previous session.

Levels Of Support And Resistance For HCP Stock

The 24-hour chart illustrates a support level at 38.12, which if violated will result in even more drops to 36.56. On the upside, there is a resistance level at 40.47. A further resistance level may holdings at 41.26. The Relative Strength Index (RSI) on the 14-day chart is 60.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.29%. Stochastics %K at 80.67% indicates the stock is a selling.

How much short interest is there in HashiCorp Inc.?

A steep rise in short interest was recorded in HashiCorp Inc. stocks on Jul 14, 2022, growing by 0.57 million shares to a total of 9.01 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 8.44 million shares. There was a rise of 6.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 30.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.18.

HashiCorp Inc. [HCP] – Who Are The Largest Shareholders?

In filings from JPMorgan Investment Management, I, it is revealed that the company now owns 5,229,526 shares, or roughly 13.26% of the outstanding HCP shares. In other words, the investor’s shares have risen by 5,228,583 from its previous 13-F filing of 943.0. Additionally, T. Rowe Price Associates, Inc. decreased -18.31% of its stake after which the total value it holdings stand at $137,891,955, while Capital Research & Management Co added 172.06% of its stake to hold $118.89 million in the firm. Over the last quarter, Baillie Gifford & Co. purchased 1,631,976 shares of HashiCorp Inc., while Fidelity Management & Research Co bought -623,457 shares. At present, Franklin Advisers, Inc. is holding 1,447,678 shares valued at $42.62 million. Wellington Management Co. LLP owned 1,296,730 shares of the company at the time of its most recent 13F filing, worth $38.18 million.

According to FactSet, HashiCorp Inc.’s share price will average $45.27 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.98 percent from its previous closing price of $37.82. Analysts expect HashiCorp Inc. stock to reach the higher price of $54.00, while the lowest price estimate is $38.00. However, 13 analysts have rated HCP stock as an Overweight in their predictions for 2022. The most recent change occurred on January 03, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $100 price target.


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