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HashiCorp Inc [HCP] Insider Dadgar Armon sells 35,904 Shares for $35,904

HashiCorp Inc’s recent filing unveils that its CHIEF TECHNOLOGY OFFICER Dadgar Armon unloaded Company’s shares for reported $1.21 million on Jul 02 ’24. In the deal valued at $33.64 per share,35,904 shares were sold. As a result of this transaction, Dadgar Armon now holds 1,520,000 shares worth roughly $51.24 million.

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Then, St. Ledger Susan sold 3,264 shares, generating $109,174 in total proceeds. Upon selling the shares at $33.45, the President, Worldwide Field Ops now owns 146,242 shares.

Before that, Dadgar Armon sold 21,137 shares. HashiCorp Inc shares valued at $707,576 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $33.48 per share. As a result of the transaction, Dadgar Armon now holds 23,234 shares, worth roughly $0.78 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 Friday, HashiCorp Inc [NASDAQ:HCP] saw its stock fall -0.12% to $33.71. Over the last five days, the stock has gained 0.63%. HashiCorp Inc shares have risen nearly 42.60% since the year began. Nevertheless, the stocks have risen 27.83% 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 $33.25, while 200 days put it at $25.72. A total of 1.18 million shares were traded, compared to the trading of 1.55 million shares in the previous session.

Levels Of Support And Resistance For HCP Stock

The 24-hour chart illustrates a support level at 33.65, which if violated will result in even more drops to 33.59. On the upside, there is a resistance level at 33.77. A further resistance level may holdings at 33.83. The Relative Strength Index (RSI) on the 14-day chart is 62.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.02%. Stochastics%K at 88.83% 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.

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