HashiCorp Inc’s filing revealed that its CHIEF MARKETING OFFICER Holmes Marc unloaded Company’s shares for reported $0.47 million on Aug 12 ’24. In the deal valued at $33.66 per share,13,916 shares were sold. As a result of this transaction, Holmes Marc now holds 4,368 shares worth roughly $0.15 million.
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Then, MARC HOLMES bought 13,916 shares, generating $468,552 in total proceeds.
Before that, Dadgar Armon sold 35,904 shares. HashiCorp Inc shares valued at $1,210,259 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $33.71 per share. As a result of the transaction, Dadgar Armon now holds 1,520,000 shares, worth roughly $51.35 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 jump 0.09% to $33.78. Over the last five days, the stock has gained 0.33%. HashiCorp Inc shares have risen nearly 42.89% since the year began. Nevertheless, the stocks have risen 18.94% 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 $33.60, while 200 days put it at $27.47.
Levels Of Support And Resistance For HCP Stock
The 24-hour chart illustrates a support level at 33.73, which if violated will result in even more drops to 33.67. On the upside, there is a resistance level at 33.85. A further resistance level may holdings at 33.91. The Relative Strength Index (RSI) on the 14-day chart is 61.51, 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 bullish at 15.69%. Stochastics%K at 84.63% indicates the stock is a selling.
How much short interest is there in HashiCorp Inc?
A steep rise in short interest was recorded in HashiCorp Inc stocks on 2024-07-31, growing by 2.72 million shares to a total of 10.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 7.58 million shares. There was a rise of 26.39%, which implies that there is a positive sentiment for the stock.
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.
