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 $364,436 were sold by Holmes Marc on Mar 11 ’24. At $26.19 per share, Holmes Marc sold 13,916 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Dadgar Armon sold 35,904 shares, netting a total of over 913,660 in proceeds. Following the sale of shares at $25.45 each, the insider now holds 1,732,972 shares.
Before that, Welihinda Navam had sold 2,500 shares from its account. In a trade valued at $62,500, the CHIEF FINANCIAL OFFICER traded HashiCorp Inc shares for $25.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $1.7 million.
As published in their initiating research note from KeyBanc Capital Markets on March 19, 2024, HashiCorp Inc [HCP] has been a Sector weight. Analysts at Scotiabank upgraded the stock from ‘”a Sector perform”‘ to ‘”a Sector outperform”‘ outlook in a report released in mid March. As of February 26, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for HCP. Earlier on December 08, 2023, Needham resumed its rating. Their recommendation was “a Buy” for HCP stock.
Analyzing HCP Stock Performance
During the last five days, there has been a surge of approximately 5.32%. Over the course of the year, HashiCorp Inc shares have jumped approximately 14.68%. Shares of the company reached a 52-week high of $29.59 on 03/18/24 and a 52-week low of $20.89 on 01/17/24. A 50-day SMA is recorded $24.19, while a 200-day SMA reached $24.60. Nevertheless, trading volume fell to 1.7 million shares from 2.66 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 26.74, which, if violated, would cause prices to drop to 26.36. In the upper region, resistance lies at 27.82. The next price resistance is at 28.52. RSI (Relative Strength Index) is 56.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 41.89%, indicating low price movement. Stochastics %K at holding 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 Feb 29, 2024 jumping by 2.22 million shares to 7.41 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 5.19 million shares. A jump of 29.96% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.07 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.07.
