Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HashiCorp Inc shares valued at $922,392 were sold by Dadgar Armon on Apr 02 ’24. At $25.69 per share, Dadgar Armon sold 35,904 shares. The insider’s holdings dropped to 1,661,164 shares worth approximately $42.63 million following the completion of this transaction.
Also, Dadgar Armon sold 35,904 shares, netting a total of over 972,629 in proceeds. Following the sale of shares at $27.09 each, the insider now holds 1,697,068 shares.
Before that, Dadgar Armon had sold 25,956 shares from its account. In a trade valued at $703,122, the CHIEF TECHNOLOGY OFFICER traded HashiCorp Inc shares for $27.09 each. Upon closing the transaction, the insider’s holdings decreased to 25,956 shares, worth approximately $3.05 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 drop of approximately -4.96%. Over the course of the year, HashiCorp Inc shares have jumped approximately 8.54%. 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 $24.96, while a 200-day SMA reached $24.46. Nevertheless, trading volume fell to 1.51 million shares from 1.61 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 25.40, which, if violated, would cause prices to drop to 25.14. In the upper region, resistance lies at 26.12. The next price resistance is at 26.58. RSI (Relative Strength Index) is 47.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.19, which suggests the price will decrease in the coming days. Percent R is at 86.37%, 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 Mar 15, 2024 jumping by 1.01 million shares to 6.46 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.45 million shares. A jump of 15.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.87.
