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Recent Insider Activity Suggests Potential Gains for HashiCorp Inc (HCP)

HashiCorp Inc’s recent filing unveils that its CHIEF TECHNOLOGY OFFICER Dadgar Armon unloaded Company’s shares for reported $1.22 million on Nov 04 ’24. In the deal valued at $33.86 per share,35,904 shares were sold. As a result of this transaction, Dadgar Armon now holds 1,520,000 shares worth roughly $51.07 million.

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Then, ARMON DADGAR 2020 CT AGREEMENT bought 107,710 shares, generating $3,653,523 in total proceeds.

Before that, Dadgar Armon sold 35,904 shares. HashiCorp Inc shares valued at $1,214,280 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $33.82 per share. As a result of the transaction, Dadgar Armon now holds 1,520,000 shares, worth roughly $51.07 million.

A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Neutral”. KeyBanc Capital Markets began covering HCP with “Sector weight” recommendation on March 19, 2024. Scotiabank revised its rating on March 12, 2024. It rated HCP as “a Sector outperform” which previously was an “a Sector perform”.

Price Performance Review of HCP

On Monday, HashiCorp Inc [NASDAQ:HCP] saw its stock fall -0.41% to $33.60. Over the last five days, the stock has lost -1.41%. HashiCorp Inc shares have risen nearly 42.13% since the year began. Nevertheless, the stocks have risen 63.34% over the past one year. While a 52-week high of $34.21 was reached on 11/11/24, a 52-week low of $19.26 was recorded on 01/17/24. SMA at 50 days reached $33.88, while 200 days put it at $31.33.

Levels Of Support And Resistance For HCP Stock

The 24-hour chart illustrates a support level at 33.47, which if violated will result in even more drops to 33.33. On the upside, there is a resistance level at 33.78. A further resistance level may holdings at 33.95. The Relative Strength Index (RSI) on the 14-day chart is 35.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.14%. Stochastics %K at 26.72% indicates the stock is a holding.

How much short interest is there in HashiCorp Inc?

A steep rise in short interest was recorded in HashiCorp Inc stocks on 2024-10-31, dropping by -2.97 million shares to a total of 10.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.45 million shares. There was a decline of -28.34%, which implies that there is a negative sentiment for the stock.

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