Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HashiCorp Inc shares valued at $609,280 were sold by Dadgar Armon on Dec 24 ’24. At $34.23 per share, Dadgar Armon sold 17,800 shares. The insider’s holdings dropped to 31,348 shares worth approximately $1.07 million following the completion of this transaction.
Also, Armon Memaran-Dadgar purchased 17,800 shares, netting a total of over 609,472 in proceeds.
Before that, McJannet David had sold 47,526 shares from its account. In a trade valued at $1,626,340, the CEO and Chairman traded HashiCorp Inc shares for $34.22 each. Upon closing the transaction, the insider’s holdings decreased to 47,526 shares, worth approximately $15.97 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 drop of approximately -0.26%. Over the course of the year, HashiCorp Inc shares have jumped approximately 0.20%. Shares of the company reached a 52-week high of $34.47 on 01/15/25 and a 52-week low of $34.15 on 01/10/25. A 50-day SMA is recorded $34.00, while a 200-day SMA reached $33.14. Nevertheless, trading volume fell to 0.9 million shares from 1.55 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 34.24, which, if violated, would cause prices to drop to 34.20. In the upper region, resistance lies at 34.32. The next price resistance is at 34.35. RSI (Relative Strength Index) is 57.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 59.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
