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Tuesday, January 31, 2023

Momentum Is Strong For HashiCorp Inc. (NASDAQ: HCP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for HashiCorp Inc. (HCP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.62, or 2.55%, to $24.95. The HashiCorp Inc. has recorded 6,088 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed HashiCorp Announces Third Quarter Financial Results of Fiscal Year 2023.


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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $24.33 and fluctuated between $24.78 as its day high and $22.90 as its day low. The current market capitalization of HashiCorp Inc. is $4.50B. A total of 1.03 million shares were traded on the day, compared to an average of 1.54M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HCP has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 1,987,766 and the disposition of 1,945,419 shares. Over the last 12 months, there were 91 BUYs and 47 SELLs from insiders. Insiders purchased 14,070,915 shares during that period but sold 12,725,562.

In the most recent transaction, Dadgar Armon sold 38,000 shares of HCP for 26.13 per share on Jan 03. After the transaction, the Chief Technology Officer, now owns 1,520,000 company shares. In a previous transaction on Dec 29, St. Ledger Susan sold 5,694 shares at 27.13 per share. HCP shares that Director owns now total 22,852.

Among the insiders who sold shares, Dadgar Armon disposed of 10,681 shares on Dec 22 at a per-share price of $26.50. This resulted in the Chief Technology Officer holding 22,669 shares of HCP after the transaction. In another insider transaction, Welihinda Navam sold 5,540 shares at $26.51 per share on Dec 22. Company shares held by the Chief Financial Officer now total 7,851.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. HCP’s most recent ex-dividend date was 11/1/2019 when it declared a $0.37 quarterly dividend that was paid in cash on 11/19/2019. Previously, the company paid the dividend on 8/20/2019 with an ex-dividend date of 8/2/2019. The HCP stock dividend was $0.37 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HCP in the last 3 months, the mean price target is $37.17 with high estimates of $42.00 and low estimates of $32.00. In terms of 52-week highs and lows, HCP has a high of $83.12 and a low of $21.50.

As of this writing, HCP has an earnings estimate of -$0.31 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of -$0.28 per share and a lower estimate of -$0.32. The company reported an EPS of -$0.17 in the last quarter, which was 41.40% higher than expectations of -$0.29.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HCP is Underweight with a score of 4.00. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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