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 $1,215,591 were sold by Dadgar Armon on Nov 04 ’24. At $33.86 per share, Dadgar Armon sold 35,904 shares. The insider’s holdings dropped to 1,520,000 shares worth approximately $51.74 million following the completion of this transaction.
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Also, ARMON DADGAR 2020 CT AGREEMENT purchased 107,710 shares, netting a total of over 3,653,523 in proceeds.
Before that, Dadgar Armon had sold 35,904 shares from its account. In a trade valued at $1,214,280, the CHIEF TECHNOLOGY OFFICER traded HashiCorp Inc shares for $33.82 each. Upon closing the transaction, the insider’s holdings decreased to 35,904 shares, worth approximately $51.74 million.
Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of March 19, 2024, KeyBanc Capital Markets has initiated its “Sector weight” rating for HCP. Earlier on March 12, 2024, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for HCP stock which previously was a “a Sector perform”.
Analyzing HCP Stock Performance
During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, HashiCorp Inc shares have jumped approximately 43.99%. Shares of the company reached a 52-week high of $34.13 on 11/07/24 and a 52-week low of $20.89 on 01/17/24. A 50-day SMA is recorded $33.86, while a 200-day SMA reached $30.94. Nevertheless, trading volume fell to 0.97 million shares from 2.42 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 33.99, which, if violated, would cause prices to drop to 33.93. In the upper region, resistance lies at 34.11. The next price resistance is at 34.18. RSI (Relative Strength Index) is 59.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 16.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
