HashiCorp Inc’s recent filing unveils that its CHIEF TECHNOLOGY OFFICER Dadgar Armon unloaded Company’s shares for reported $0.97 million on Mar 22 ’24. In the deal valued at $27.09 per share,35,904 shares were sold. As a result of this transaction, Dadgar Armon now holds 1,697,068 shares worth roughly $45.85 million.
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Then, Dadgar Armon sold 25,956 shares, generating $703,122 in total proceeds. Upon selling the shares at $27.09, the CHIEF TECHNOLOGY OFFICER now owns 118,864 shares.
Before that, Welihinda Navam sold 21,223 shares. HashiCorp Inc shares valued at $574,931 were divested by the CHIEF FINANCIAL OFFICER at a price of $27.09 per share. As a result of the transaction, Welihinda Navam now holds 62,844 shares, worth roughly $1.7 million.
KeyBanc Capital Markets initiated its HashiCorp Inc [HCP] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid March from “a Sector perform” to “a Sector outperform”. Morgan Stanley also remained covering HCP and has increased its forecast on February 26, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Needham maintained its rating on December 08, 2023. It rated HCP as “a Buy”.
Price Performance Review of HCP
On Tuesday, HashiCorp Inc [NASDAQ:HCP] saw its stock jump 0.33% to $27.02. Over the last five days, the stock has lost -3.77%. HashiCorp Inc shares have risen nearly 14.30% since the year began. Nevertheless, the stocks have fallen -3.88% over the past one year. While a 52-week high of $36.39 was reached on 03/18/24, a 52-week low of $18.91 was recorded on 01/17/24. SMA at 50 days reached $24.44, while 200 days put it at $24.53. A total of 1.12 million shares were traded, compared to the trading of 1.8 million shares in the previous session.
Levels Of Support And Resistance For HCP Stock
The 24-hour chart illustrates a support level at 26.85, which if violated will result in even more drops to 26.68. On the upside, there is a resistance level at 27.22. A further resistance level may holdings at 27.43. The Relative Strength Index (RSI) on the 14-day chart is 56.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.22%. Stochastics %K at 46.98% 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 Feb 29, 2024, growing by 2.22 million shares to a total of 7.41 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.19 million shares. There was a rise of 29.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.06% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.07.
