In a filing, HashiCorp Inc revealed its CHIEF MARKETING OFFICER Holmes Marc unloaded Company’s shares for reported $0.37 million on Apr 10 ’24. In the deal valued at $26.30 per share,13,916 shares were sold. As a result of this transaction, Holmes Marc now holds 0 shares worth roughly $0.0.
Then, Dadgar Armon sold 35,904 shares, generating $922,392 in total proceeds. Upon selling the shares at $25.69, the CHIEF TECHNOLOGY OFFICER now owns 1,661,164 shares.
Before that, Dadgar Armon sold 35,904 shares. HashiCorp Inc shares valued at $972,629 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $27.09 per share. As a result of the transaction, Dadgar Armon now holds 1,697,068 shares, worth roughly $39.76 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 Monday, HashiCorp Inc [NASDAQ:HCP] saw its stock fall -4.56% to $23.43. Over the last five days, the stock has lost -10.91%. HashiCorp Inc shares have fallen nearly -0.89% since the year began. Nevertheless, the stocks have fallen -14.74% 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 $25.39, while 200 days put it at $24.44. A total of 1.85 million shares were traded, compared to the trading of 1.36 million shares in the previous session.
Levels Of Support And Resistance For HCP Stock
The 24-hour chart illustrates a support level at 22.92, which if violated will result in even more drops to 22.40. On the upside, there is a resistance level at 24.33. A further resistance level may holdings at 25.22. The Relative Strength Index (RSI) on the 14-day chart is 34.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.90%. Stochastics %K at 16.13% indicates the stock is a buying.
