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Saturday, December 9, 2023

HashiCorp Inc (NASDAQ: HCP): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for HashiCorp Inc (HCP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.35%, to $20.24. The HashiCorp Inc has recorded 15,169 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that HashiCorp to announce third quarter fiscal year 2024 financial results Dec. 7, 2023.

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Stocks Info

HCP belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $20.17 and fluctuated between $20.17 as its day high and $19.41 as its day low. The current market capitalization of HashiCorp Inc is $3.91B. A total of 1.01 million shares were traded on the day, compared to an average of 1.86M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HCP has seen 28 BUY and 19 SELL insider trades, representing the acquisition of 3,011,348 and the disposition of 2,974,287 shares. Over the last 12 months, there were 120 BUYs and 113 SELLs from insiders. Insiders purchased 17,717,686 shares during that period but sold 16,983,709.

In the most recent transaction, Dadgar Armon sold 1,873 shares of HCP for 20.79 per share on Oct 20. After the transaction, the Chief Technology Officer now owns 37,709 company shares. In a previous transaction on Oct 18, Welihinda Navam sold 11,951 shares at 21.23 per share. HCP shares that Chief Financial Officer owns now total 62,458.

Among the insiders who sold shares, Holmes Marc disposed of 13,916 shares on Oct 10 at a per-share price of $22.24. This resulted in the Chief Marketing Officer holding 6,158 shares of HCP after the transaction. In another insider transaction, Dadgar Armon sold 38,000 shares at $22.86 per share on Oct 02. Company shares held by the Chief Technology Officer now total 1,672,000.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HCP in the last 3 months, the mean price target is $31.75 with high estimates of $42.00 and low estimates of $26.00. In terms of 52-week highs and lows, HCP has a high of $37.31 and a low of $18.91.

As of this writing, HCP has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.07 in the last quarter, which was 50.00% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HCP’s latest balance sheet shows that the firm has $1.36B in Cash & Short Term Investments as of fiscal 2022. There were $18.61M in debt and $308.68M in liabilities at the time. Its Book Value Per Share was $6.12, while its Total Shareholder’s Equity was $1.28B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.12.

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