HashiCorp Inc’s filing revealed that its Director Zarmi Sigal unloaded Company’s shares for reported $0.13 million on Apr 23 ’24. In the deal valued at $30.00 per share,4,350 shares were sold. As a result of this transaction, Zarmi Sigal now holds 37,991 shares worth roughly $1.24 million.
Then, Welihinda Navam sold 3,000 shares, generating $83,520 in total proceeds. Upon selling the shares at $27.84, the CHIEF FINANCIAL OFFICER now owns 93,925 shares.
Before that, Dadgar Armon sold 35,904 shares. HashiCorp Inc shares valued at $872,844 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $24.31 per share. As a result of the transaction, Dadgar Armon now holds 1,625,260 shares, worth roughly $52.97 million.
BTIG Research downgraded its HashiCorp Inc [HCP] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid March with a ‘”a Sector weight”‘ rating. Scotiabank also remained covering HCP and has increased its forecast on March 12, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. Morgan Stanley revised its rating on February 26, 2024. It rated HCP as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of HCP
On Monday, HashiCorp Inc [NASDAQ:HCP] saw its stock unchanged to $32.59. Over the last five days, the stock has gained 32.75%. HashiCorp Inc shares have risen nearly 37.86% since the year began. Nevertheless, the stocks have risen 13.67% over the past one year. While a 52-week high of $36.39 was reached on 04/25/24, a 52-week low of $18.91 was recorded on 01/17/24. SMA at 50 days reached $26.19, while 200 days put it at $24.50. A total of 11.81 million shares were traded, compared to the trading of 22.81 million shares in the previous session.
Levels Of Support And Resistance For HCP Stock
The 24-hour chart illustrates a support level at 32.44, which if violated will result in even more drops to 32.29. On the upside, there is a resistance level at 32.72. A further resistance level may holdings at 32.85. The Relative Strength Index (RSI) on the 14-day chart is 74.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.20%. Stochastics %K at 96.57% indicates the stock is a selling.
The most recent change occurred on December 08, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $27.
