HashiCorp Inc. [HCP] Insider Activity: An Update for Investors


HashiCorp Inc.’s filing revealed that its Chief Technology Officer Dadgar Armon unloaded Company’s shares for reported $1.07 million on Aug 22. In the deal valued at $28.13 per share,38,000 shares were sold. As a result of this transaction, Dadgar Armon now holds 1,786,000 shares worth roughly $ 49.38 million.

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Then, Dadgar Armon sold 38,000 shares, generating $1,113,275 in total proceeds. Upon selling the shares at $29.30, the Chief Technology Officer now owns 1,824,000 shares.

Before that, Zarmi Sigal sold 4,050 shares. HashiCorp Inc. shares valued at $121,500 were divested by the Director at a price of $30.00 per share. As a result of the transaction, Zarmi Sigal now holds 31,576 shares, worth roughly $0.87 million.

BofA Securities downgraded its HashiCorp Inc. [HCP] rating to a Neutral from a a Buy in a research note published on Friday.

Price Performance Review of HCP

On Friday, HashiCorp Inc. [NASDAQ:HCP] saw its stock fall -5.18% to $27.65. On the same session, the stock had its day’s lowest price of $27.469, but rose to a high of $28.62. Over the last five days, the stock has lost -4.42%. HashiCorp Inc. shares have risen nearly 1.13% since the year began. Nevertheless, the stocks have fallen -21.78% over the past one year. While a 52-week high of $37.31 was reached on 02/02/23, a 52-week low of $21.50 was recorded on 01/06/23. SMA at 50 days reached $27.96, while 200 days put it at $28.94. A total of 4.28 million shares were traded, compared to the trading of 3.04 million shares in the previous session.

Levels Of Support And Resistance For HCP Stock

The 24-hour chart illustrates a support level at 27.21, which if violated will result in even more drops to 26.76. On the upside, there is a resistance level at 28.36. A further resistance level may holdings at 29.06. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.91%. Stochastics %K at 70.15% indicates the stock is a holding.

How much short interest is there in HashiCorp Inc.?

A steep rise in short interest was recorded in HashiCorp Inc. stocks on Aug 14, 2023, dropping by -1.26 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.77 million shares. There was a decline of -22.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.57.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 9,153,041 shares, or roughly 9.12% of the outstanding HCP shares. In other words, the investor’s shares have risen by 2,943,995 from its previous 13-F filing of 6209046.0. Additionally, JPMorgan Investment Management, I increased 2.57% of its stake after which the total value it holdings stand at $249,001,623, while Baillie Gifford & Co. added 1.48% of its stake to hold $218.78 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 2,626,278 shares of HashiCorp Inc., while BlackRock Fund Advisors bought 2,754,920 shares. At present, GIC Pte Ltd. is holding 2,668,476 shares valued at $79.01 million. Wellington Management Co. LLP owned 1,865,676 shares of the company at the time of its most recent 13F filing, worth $55.24 million.


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