Is HashiCorp Inc (NASDAQ: HCP) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that HashiCorp to announce fourth quarter and fiscal year 2024 financial results Mar. 5, 2024.

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Stocks Info

HashiCorp Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $26.03 and fluctuated between $26.50 as its day high and $25.31 as its day low. The current market capitalization of HashiCorp Inc is $5.09B. A total of 5.17 million shares were traded on the day, compared to an average of 2.69M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HCP has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 2,500 and the disposition of 86,116 shares. Over the last 12 months, there were 96 BUYs and 97 SELLs from insiders. Insiders purchased 15,190,640 shares during that period but sold 14,961,392.

In the most recent transaction, Dadgar Armon sold 35,904 shares of HCP for 21.82 per share on Feb 22. After the transaction, the CHIEF TECHNOLOGY OFFICER now owns 1,768,876 company shares. In a previous transaction on Feb 22, Welihinda Navam sold 2,500 shares at 21.84 per share. HCP shares that CHIEF FINANCIAL OFFICER owns now total 62,844.

Among the insiders who sold shares, Holmes Marc disposed of 13,916 shares on Feb 12 at a per-share price of $24.99. This resulted in the CHIEF MARKETING OFFICER holding 0 shares of HCP after the transaction. In another insider transaction, Welihinda Navam sold 5,000 shares at $25.00 per share on Feb 09. Company shares held by the CHIEF FINANCIAL OFFICER now total 62,844.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HCP in the last 3 months, the mean price target is $26.08 with high estimates of $38.00 and low estimates of $20.00. In terms of 52-week highs and lows, HCP has a high of $36.39 and a low of $18.91.

As of this writing, HCP has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.09 per share and a lower estimate of -$0.01. The company reported an EPS of -$0.1 in the last quarter, which was 33.30% higher than expectations of -$0.15.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $6.09, while its Total Shareholder’s Equity was $1.28B.

Analysts Opinion

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. 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 3.87.

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