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Taking a Closer Look At HashiCorp Inc (HCP) Following Its Recent Trade

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HashiCorp Inc’s recent filing unveils that its President, Worldwide Field Ops St. Ledger Susan unloaded Company’s shares for reported $0.11 million on Jun 25 ’24. In the deal valued at $33.45 per share,3,264 shares were sold. As a result of this transaction, St. Ledger Susan now holds 146,242 shares worth roughly $4.92 million.

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Then, Dadgar Armon sold 21,137 shares, generating $707,576 in total proceeds. Upon selling the shares at $33.48, the CHIEF TECHNOLOGY OFFICER now owns 23,234 shares.

Before that, Welihinda Navam sold 17,397 shares. HashiCorp Inc shares valued at $582,203 were divested by the CHIEF FINANCIAL OFFICER at a price of $33.47 per share. As a result of the transaction, Welihinda Navam now holds 95,485 shares, worth roughly $3.21 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 Tuesday, HashiCorp Inc [NASDAQ:HCP] saw its stock fall -0.12% to $33.62. Over the last five days, the stock has gained 0.54%. HashiCorp Inc shares have risen nearly 42.22% since the year began. Nevertheless, the stocks have risen 28.42% over the past one year. While a 52-week high of $34.05 was reached on 06/12/24, a 52-week low of $18.91 was recorded on 01/17/24. SMA at 50 days reached $32.98, while 200 days put it at $25.64. A total of 1.56 million shares were traded, compared to the trading of 1.26 million shares in the previous session.

Levels Of Support And Resistance For HCP Stock

The 24-hour chart illustrates a support level at 33.57, which if violated will result in even more drops to 33.52. On the upside, there is a resistance level at 33.71. A further resistance level may holdings at 33.80. The Relative Strength Index (RSI) on the 14-day chart is 61.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.50%. Stochastics%K at 58.38% indicates the stock is a holding.

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.

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