The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HashiCorp Inc. shares valued at $386,552 were sold by Welihinda Navam on Sep 12. At $30.92 per share, Welihinda Navam sold 12,500 shares. The insider’s holdings dropped to 13,329 shares worth approximately $0.39 million following the completion of this transaction.
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Also, Dadgar Armon sold 17,909 shares, netting a total of over 521,681 in proceeds. Following the sale of shares at $29.13 each, the insider now holds 11,550 shares.
Before that, St. Ledger Susan had sold 5,728 shares from its account. In a trade valued at $177,768, the Director traded HashiCorp Inc. shares for $31.03 each. Upon closing the transaction, the insider’s holdings decreased to 5,728 shares, worth approximately $0.33 million.
As published in their initiating research note from Piper Sandler on April 12, 2022, HashiCorp Inc. [HCP] has been a Neutral and the price target has been revised to $59. This represents a 50.63% premium over Wednesday’s closing price. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of January 03, 2022, Wolfe Research has initiated its “an Outperform” rating for HCP. Earlier on January 03, 2022, William Blair initiated its rating. Their recommendation was “an Outperform” for HCP stock.
Analyzing HCP’s Price Performance
On Wednesday, HashiCorp Inc. [NASDAQ: HCP] plunged -0.48% to $29.13. The stock’s lowest price that day was $28.80, but it reached a high of $30.98 in the same session. During the last five days, there has been a drop of approximately -9.11%. Over the course of the year, HashiCorp Inc. shares have dropped approximately -68.00%. Nevertheless, trading volume fell to 1.26 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for HashiCorp Inc. (HCP)
According to the 24-hour chart, there is a support level at 28.29, which, if violated, would cause prices to drop to 27.46. In the upper region, resistance lies at 30.47. The next price resistance is at 31.82. RSI (Relative Strength Index) is 37.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.80, which suggests the price will decrease in the coming days. Percent R is at 87.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is HashiCorp Inc. subject to short interest?
Stocks of HashiCorp Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.57 million shares to 9.01 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.44 million shares. A jump of 6.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.18 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.18.
Which companies own the most shares of HashiCorp Inc. (HCP)?
According to T. Rowe Price Associates, Inc. filings, the company currently owns 6,460,529 shares, which is about 16.38% of the total HCP shares outstanding. The investor’s shares have appreciated by 1,776,699 from its previous 13-F filing of 4683830.0 shares. With the completion of the buy transaction, JPMorgan Investment Management, I’s stake is now worth $184,863,744. Capital Research & Management Co acquire a 250.72% interest valued at $184.03 million while Baillie Gifford & Co. purchased a 1,231,622 stake. A total of 1,535,270 shares of HashiCorp Inc. were bought by Franklin Advisers, Inc. during the quarter, and 622,813 were bought by Wellington Management Co. LLP. In its current portfolio, First Trust Advisors LP holds 1,917,934 shares valued at $67.8 million.