HashiCorp Inc (NASDAQ: HCP) is 42.05% higher on its value in year-to-date trading and has touched a low of $19.26 and a high of $34.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HCP stock was last observed hovering at around $33.77 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $33.58, the stock is -0.87% and -0.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.37 million and changing -0.56% at the moment leaves the stock 5.98% off its SMA200. HCP registered 57.73% gain for a year compared to 6-month gain of 0.09%. The firm has a 50-day simple moving average (SMA 50) of $33.8615 and a 200-day simple moving average (SMA200) of $31.684975.
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The stock witnessed a -0.97% loss in the last 1 month and extending the period to 3 months gives it a -0.65%, and is -0.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.83% over the week and 0.56% over the month.
HashiCorp Inc (HCP) has around 2200 employees, a market worth around $6.77B and $627.62M in sales. Fwd P/E is 95.36. Profit margin for the company is -23.69%. Distance from 52-week low is 74.31% and -1.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.05%).
The EPS is expected to grow by 420.18% this year
374.0 institutions hold shares in HashiCorp Inc (HCP), with institutional investors hold 85.25% of the company’s shares. The shares outstanding are 202.89M, and float is at 149.90M with Short Float at 6.59%. Institutions hold 81.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.01 million shares valued at $505.78 million. The investor’s holdings represent 7.5036 of the HCP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.23 million shares valued at $209.87 million to account for 3.1136 of the shares outstanding. The other top investors are FIL LTD which holds 4.18 million shares representing 2.0887 and valued at over $140.79 million, while KRYGER CAPITAL LTD holds 1.9155 of the shares totaling 3.83 million with a market value of $129.12 million.
HashiCorp Inc (HCP) Insider Activity
The most recent transaction is an insider sale by Dadgar Armon, the company’s CHIEF TECHNOLOGY OFFICER. SEC filings show that Dadgar Armon sold 35,903 shares of the company’s common stock on Nov 22 ’24 at a price of $33.90 per share for a total of $1.22 million. Following the sale, the insider now owns 1.52 million shares.
HashiCorp Inc disclosed in a document filed with the SEC on Nov 04 ’24 that Dadgar Armon (CHIEF TECHNOLOGY OFFICER) sold a total of 35,904 shares of the company’s common stock. The trade occurred on Nov 04 ’24 and was made at $33.86 per share for $1.22 million. Following the transaction, the insider now directly holds 1.52 million shares of the HCP stock.
Still, SEC filings show that on Nov 04 ’24, ARMON DADGAR 2020 CT AGREEMENT (Director) Proposed Sale 107,710 shares at an average price of $33.92 for $3.65 million. The insider now directly holds shares of HashiCorp Inc (HCP).
