Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. HashiCorp Inc shares valued at $366,031 were sold by Holmes Marc on Apr 10 ’24. At $26.30 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.
Also, Dadgar Armon sold 35,904 shares, netting a total of over 922,392 in proceeds. Following the sale of shares at $25.69 each, the insider now holds 1,661,164 shares.
Before that, Dadgar Armon had sold 35,904 shares from its account. In a trade valued at $972,629, the CHIEF TECHNOLOGY OFFICER traded HashiCorp Inc shares for $27.09 each. Upon closing the transaction, the insider’s holdings decreased to 35,904 shares, worth approximately $40.1 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 -9.46%. Over the course of the year, HashiCorp Inc shares have dropped approximately -0.04%. 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 $25.42, while a 200-day SMA reached $24.40. Nevertheless, trading volume fell to 1.14 million shares from 1.45 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 23.11, which, if violated, would cause prices to drop to 22.58. In the upper region, resistance lies at 24.18. The next price resistance is at 24.72. RSI (Relative Strength Index) is 36.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.61, which suggests the price will decrease in the coming days. Percent R is at 84.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
