HashiCorp Stock (NASDAQ:HCP), Trade Ideas

HashiCorp

HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.

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Shares of software stocks are trading lower amid broader tech weakness, which may be due to rate cut concerns following mixed inflation data this week.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/12/24</td>
<td>$850.00</td>
<td>$48.8K</td>
<td>2.7K</td>
<td>32.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/12/24</td>
<td>$38.00</td>
<td>$31.5K</td>
<td>2.2K</td>
<td>19.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$170.00</td>
<td>$42.7K</td>
<td>16.2K</td>
<td>8.8K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$8.00</td>
<td>$36.5K</td>
<td>3.1K</td>
<td>713</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$47.50</td>
<td>$34.6K</td>
<td>7.1K</td>
<td>696</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$26.00</td>
<td>$70.6K</td>
<td>1.3K</td>
<td>618</td>
</tr>
<tr>
<td>HUBS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$1000.00</td>
<td>$58.5K</td>
<td>0</td>
<td>577</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$425.00</td>
<td>$27.1K</td>
<td>2.5K</td>
<td>524</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$152.50</td>
<td>$36.9K</td>
<td>471</td>
<td>445</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$165.00</td>
<td>$248.5K</td>
<td>8.0K</td>
<td>432</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on April 12, 2024. Parties traded 40 contract(s) at a $850.00 strike. The total cost received by the writing party (or parties) was $48.8K, with a price of $1220.0 per contract. There were 2799 open contracts at this strike prior to today, and today 32076 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on April 12, 2024. Parties traded 500 contract(s) at a $38.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $63.0 per contract. There were 2204 open contracts at this strike prior to today, and today 19001 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on April 19, 2024. Parties traded 77 contract(s) at a $170.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $555.0 per contract. There were 16282 open contracts at this strike prior to today, and today 8869 contract(s) were bought and sold. 
• Regarding RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we observe a call option sweep with bearish sentiment. It expires in 164 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $8.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $365.0 per contract. There were 3155 open contracts at this strike prior to today, and today 713 contract(s) were bought and sold. 
• Regarding CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we observe a put option sweep with bullish sentiment. It expires in 283 day(s) on January 17, 2025. Parties traded 142 contract(s) at a $47.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $244.0 per contract. There were 7163 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold. 
• For HCP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>), we notice a call option trade that happens to be neutral, expiring in 10 day(s) on April 19, 2024. This event was a transfer of 614 contract(s) at a $26.00 strike. The total cost received by the writing party (or parties) was $70.6K, with a price of $115.0 per contract. There were 1349 open contracts at this strike prior to today, and today 618 contract(s) were bought and sold. 
• For HUBS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>), we notice a call option trade that happens to be bearish, expiring in 619 day(s) on December 19, 2025. This event was a transfer of 24 contract(s) at a $1000.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $2440.0 per contract. There were 0 open contracts at this strike prior to today, and today 577 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option sweep with neutral sentiment. It expires in 17 day(s) on April 26, 2024. Parties traded 27 contract(s) at a $425.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $1005.0 per contract. There were 2512 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on April 19, 2024. This event was a transfer of 150 contract(s) at a $152.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $246.0 per contract. There were 471 open contracts at this strike prior to today, and today 445 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 346 day(s) on March 21, 2025. Parties traded 228 contract(s) at a $165.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $248.5K, with a price of $1090.0 per contract. There were 8027 open contracts at this strike prior to today, and today 432 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CSCO

INTC

MSFT

RIOT

SNOW

10 Information Technology Stocks Whale Activity In Today's Session

Keybanc analyst Jason Celino initiates coverage on HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Sector Weight rating.

Initiation

Keybanc Initiates Coverage On HashiCorp with Sector Weight Rating

Wall Street started the new week on a strong footing, as all major U.S. indices displayed gains during midday trading on Monday, highlighting investor confidence in the continued growth <a href="https://www.benzinga.com/topic/artificial-intelligence">of AI-driven stocks.</a>
The S&amp;P 500 surged by almost 1%, while the tech-skewed Nasdaq 100 staged an even stronger rebound, climbing 1.3% beyond the 18,000-point mark. Blue-chip stocks saw a modest uptick of 0.4%, while small-cap stocks experienced a slight dip.
The major highlight of the day centered around the prospective AI agreement between Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with further details provided in this <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37787317/apples-partnership-with-google-the-missing-piece-in-tim-cooks-ai-strategy-says-wedb">article</a>.
Investors are eagerly anticipating the market-shaping event of Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) annual GPU Technology Conference (GTC 2024) on Monday. The majority of analysts and industry observers anticipate the company to unveil insights into its highly anticipated<a href="https://www.benzinga.com/markets/equities/24/03/37774935/nvidia-will-blow-some-minds-with-new-b100-at-gtc-2024-says-ross-gerber-heres-what-we-know-about-"> next-generation AI chip. </a>
Meanwhile, Treasury yields continued their upward trajectory, with the 10-year note surpassing 4.33%, poised to conclude the day at its highest levels since late November 2023.
Oil prices maintained their robust market momentum, with West Texas Intermediate (WTI) crude climbing by 1.4% to nearly $82 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 2% lower to $67,000, while gold inched 0.2% higher to $2,160/oz. 
<h2 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-Day Chg%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,037.86</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,165.42</td>
<td>0.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,906.01</td>
<td>0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,044.23</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.8% higher to $513.59, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.4% to $388.30, while the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1% to $438.11, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) , was the top performer for the day, up 1.8%, while the Real Estate Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) was the laggard, down 0.2%. 
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose nearly 6%, marking the best performance in the S&amp;P 500 and Nasdaq 100 for the day, after the EV company announced price hikes for its Model Y in the U.S. and Europe. </li>
<li>PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) rose over 4%, on track for the strongest daily performance since April 2020, following a bullish note from Morgan Stanley analysts predicting rising sales this year.</li>
<li>HashiCorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) rose over 6% on reports that the company is considering a sale. </li>
<li>Science Applications International Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) fell nearly 10% after missing earnings forecasts. </li>
<li>Shift4 Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) fell 9% after its CEO said that buyout bids inadequately valued the company. </li>
<li>Companies expected to report earnings after market close include Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) and StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>). </li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">Fed Meeting Preview: These 2 Wall Street Analysts Still Expect 3 Cuts In 2024, But Bond Market Reflects Growing Uncertainty</a>
Image created using artificial intelligence with Midjourney.

Stocks Rally With Google, Tesla At The Helm, But Rising Oil Prices Spark Inflation Fears: What's Driving Markets Monday?

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Monday.
Shares of Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ GOOG) rose sharply during Monday&rsquo;s session following reports suggesting Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is in discussions to integrate <a href="https://www.benzinga.com/news/24/03/37781236/apple-is-sending-alphabet-stock-higher-monday-whats-going-on">Google Gemini into iPhones</a>.
Apple and Google are in active negotiations over potentially building Google&rsquo;s Gemini AI engine into the iPhone, according to Bloomberg.
Alphabet shares climbed 6.3% to $150.09 on Monday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Brand Engagement Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnai#NASDAQ">BNAI</a>) shares surged 33.7% to $14.14 after jumping 40% on Friday.</li>
<li>Nuvei Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvei#NASDAQ">NVEI</a>) climebd 25.8% to $27.24 after the company said it was evaluating offers to go private.</li>
<li>NuScale Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) gained 21% to $9.50. Canaccord Genuity analyst George Gianarikas maintained NuScale Power with a Buy and raised the price target from $4.25 to $8.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) shares rose 17% to $17.90 after the company reportedly began selling its EH216-S flying taxi on Taobao.</li>
<li>Qurate Retail, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qrteb#NASDAQ">QRTEB</a>) gained 15.9% to $5.47.</li>
<li>Latham Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swim#NASDAQ">SWIM</a>) surged 15.7% to $3.32 after Stifel upgraded the stock from Hold to Buy and raised its price target from $3 to $4.</li>
<li>D-Wave Quantum Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qbts#NYSE">QBTS</a>) rose 10.6% to $2.3005. D-Wave Quantum said it is expanding its executive team to supercharge both its go-to-market growth strategy and product innovation.</li>
<li>Tilray Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) rose 9.8% to $1.9001.</li>
<li>Graphjet Technology Sdn. Bhd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gti#NASDAQ">GTI</a>) gained 9.3% to $12.90.</li>
<li>HashiCorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcp#NASDAQ">HCP</a>) rose 8% to $28.62 after Bloomberg reported on Friday that the company is weighing a potential sale.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) gained 8% to $17.87. Oppenheimer analyst Suraj Kalia maintained Nyxoah with an Outperform and raised the price target from $17 to $20.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) gained 7.4% to $5.34. Roth MKM analyst George Kelly maintained Soho House with a Buy and lowered the price target from $10 to $7.5.</li>
<li>FutureFuel Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ff#NYSE">FF</a>) surged 7.1% to $7.56. FutureFuel issued an opdate on $2.50 per share special cash dividend.</li>
<li>ATRenew Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rere#NYSE">RERE</a>) rose 7.1% to $1.80.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) gained 4.3% to $10.06 on reports the company plans to launch cheaper EV models.</li>
<li>NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) gained 3.9% to $912.29 after HSBC maintained a Buy rating and raised its price target from $880 to $1,050. Truist Securities analyst William Stein maintained the stock with a Buy and raised the price target from $911 to $1,177.</li>
<li>PepsiCo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>) rose 3.5% to $170.40. Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo from Equal-Weight to Overweight and announced a $190 price target.</li>
</ul>
&nbsp;
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<h3>Gainers</h3>
<ul>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares moved upwards by 24.1% to $0.55 during Monday's pre-market session. The company's market cap stands at $11.6 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock rose 21.73% to $1.4. The market value of their outstanding shares is at $8.7 million. </li>
<li>MultiSensor AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) stock increased by 12.55% to $2.6. The company's market cap stands at $31.0 million. </li>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) shares increased by 11.85% to $0.68. The company's market cap stands at $7.2 million. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) stock increased by 11.46% to $0.33. The company's market cap stands at $22.2 million. </li>
<li>HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) stock moved upwards by 11.32% to $29.5. The market value of their outstanding shares is at $5.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock decreased by 10.0% to $1.98 during Monday's pre-market session. The market value of their outstanding shares is at $394.3 million. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) stock fell 9.57% to $0.48. The company's market cap stands at $31.1 million. </li>
<li>WaveDancer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) stock decreased by 7.5% to $2.84. The market value of their outstanding shares is at $5.7 million. </li>
<li>Vislink Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VISL#NASDAQ">VISL</a>) stock declined by 5.38% to $3.17. The market value of their outstanding shares is at $7.5 million. </li>
<li>Information Servs Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/III#NASDAQ">III</a>) shares decreased by 5.19% to $3.84. The market value of their outstanding shares is at $185.6 million. </li>
<li>Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) shares decreased by 4.99% to $46.47. The market value of their outstanding shares is at $5.0 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Monday's Pre-Market Session

HashiCorp shares are trading higher after Bloomberg reported on Friday that the company is weighing a potential sale.

<a href="https://www.bloomberg.com/news/articles/2024-03-15/software-company-hashicorp-is-said-to-weigh-potential-sale" title="https://www.bloomberg.com/news/articles/2024-03-15/software-company-hashicorp-is-said-to-weigh-potential-sale">https://www.bloomberg.com/news/articles/2024-03-15/software-company-hashicorp-is-said-to-weigh-potential-sale</a>

Bloomberg Reported On Friday HashiCorp Is Weighing A Potential Sale

Investors with a lot of money to spend have taken a bullish stance on HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HCP, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for HashiCorp.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,573, and 12, calls, for a total amount of $564,084.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $24.0 to $28.0 for HashiCorp over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for HashiCorp's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of HashiCorp's whale activity within a strike price range from $24.0 to $28.0 in the last 30 days. 
<h3>HashiCorp Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710533756_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$27.00</td>
<td>$97.5K</td>
<td>623</td>
<td>2.3K</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$27.00</td>
<td>$80.1K</td>
<td>623</td>
<td>1.2K</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$25.00</td>
<td>$49.4K</td>
<td>2.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$26.00</td>
<td>$48.7K</td>
<td>320</td>
<td>748</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$27.00</td>
<td>$46.5K</td>
<td>623</td>
<td>3.8K</td>
</tr>
</tbody>
</table>

<h3>About HashiCorp</h3>
HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.
<h3>Where Is HashiCorp Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,344,712, with HCP's price up by 2.95%, positioned at $26.5.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 82 days.</li>
</ul>
<h3>What Analysts Are Saying About HashiCorp</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $29.0.
<ul>
<li>An analyst from Stifel persists with their Buy rating on HashiCorp, maintaining a target price of $28. </li>
<li>An analyst from BTIG persists with their Buy rating on HashiCorp, maintaining a target price of $27. </li>
<li>An analyst from Oppenheimer has decided to maintain their Outperform rating on HashiCorp, which currently sits at a price target of $34. </li>
<li>Maintaining their stance, an analyst from TD Cowen continues to hold a Market Perform rating for HashiCorp, targeting a price of $26. </li>
<li>Maintaining their stance, an analyst from Needham continues to hold a Buy rating for HashiCorp, targeting a price of $30. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest HashiCorp options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

HashiCorp Unusual Options Activity For March 15

Scotiabank analyst Nick Altmann upgrades HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) from Sector Perform to Sector Outperform and announces $31 price target.

Upgrades

Price Target

Scotiabank Upgrades HashiCorp to Sector Outperform, Announces $31 Price Target

JMP Securities analyst Joe Goodwin reiterates HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Market Outperform and maintains $38 price target.

Reiteration

JMP Securities Reiterates Market Outperform on HashiCorp, Maintains $38 Price Target

Needham analyst Alex Henderson reiterates HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Buy and maintains $30 price target.

Needham Reiterates Buy on HashiCorp, Maintains $30 Price Target

HashiCorp shares are trading higher after the company reported better-than-expected Q4 financial results and announced a share repurchase program for up to $250 million of common stock.

TD Cowen analyst Derrick Wood maintains HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Market Perform and raises the price target from $23 to $26.

TD Cowen Maintains Market Perform on HashiCorp, Raises Price Target to $26

B of A Securities analyst Brad Sills maintains HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Neutral and raises the price target from $24 to $28.

B of A Securities Maintains Neutral on HashiCorp, Raises Price Target to $28

U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Wednesday.
Shares of Box, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/box#NYSE">BOX</a>) rose sharply during Wednesday&rsquo;s session after the company reported better-than-expected fourth-quarter EPS and announced a $100 million <a href="https://www.tradingview.com/news/benzinga:46fb7a7e0094b:0-box-stock-is-rising-wednesday-what-s-driving-the-action/">expansion of its stock repurchase program</a>.
Total revenues were up 2% on a year-over-year basis. Billings were up 6% in the fourth quarter, coming in at $379.3 million. The company also issued first-quarter revenue guidance above estimates.
Box shares climbed 7.3% to $29.25 on Wednesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>TRxADE HEALTH, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meds#NASDAQ">MEDS</a>) shares jumped 39.2% to $11.19 after the company announced a special cash dividend of $8 per share.</li>
<li>American Public Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apei#NASDAQ">APEI</a>) rose 31.8% to $14.99 following upbeat quarterly results.</li>
<li>Dada Nexus Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>) jumped 30.6% to $2.5740. Dada Nexus said certain revenues and associated costs were overstated in past financial statements.</li>
<li>Wave Life Sciences Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wve#NYSE">WVE</a>) rose 28.5% to $6.16 following upbeat quarterly results.</li>
<li>CareMax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmax#NASDAQ">CMAX</a>) jumped 23.8% to $14.72.</li>
<li>Lantern Pharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltrn#NASDAQ">LTRN</a>) climbed 22.6% to $5.90.</li>
<li>Cerus Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cers#NASDAQ">CERS</a>) gained 22.4% to $2.4350 after the company reported better-than-expected fourth-quarter GAAP EPS results.</li>
<li>Crexendo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cxdo#NASDAQ">CXDO</a>) rose 20% to $6.43 following upbeat quarterly results.</li>
<li>Allient Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alnt#NASDAQ">ALNT</a>) gained 17.4% to $35.23 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) shares climbed 17.2% to $348.73 after the company reported better-than-expected fourth-quarter earnings and revenues and issued upbeat guidance for FY25.</li>
<li>Fulcrum Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fulc#NASDAQ">FULC</a>) gained 17.2% to $12.85.</li>
<li>JD.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>) climbed 17% to $25.08 after the company reported fourth-quarter results above estimates, a new buyback approval and annual cash dividend.</li>
<li>Lexeo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxeo#NASDAQ">LXEO</a>) rose 14.8% to $15.00.</li>
<li>Hippo Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hipo#NASDAQ">HIPO</a>) gained 14.6% to $16.58 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) climbed 13.7% to $44.46.</li>
<li>HashiCorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcp#NASDAQ">HCP</a>) gained 11.1% to $26.64 following fourth-quarter financial results.</li>
<li>Sibanye Stillwater Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbsw#NYSE">SBSW</a>) climbed 10.6% to $4.3450.</li>
<li>Mobileye Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbly#NASDAQ">MBLY</a>) gained 10.6% to $27.59.</li>
<li>Super Group (SGHC) Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sghc#NYSE">SGHC</a>) rose 10.1% to $3.4350 following fourth-quarter results.</li>
<li>Infinera Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) gained 10% to $5.66. Infinera announced availability of next generation multi-haul optical line system functionality for industry-leading GX series platform.</li>
<li>Palantir Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>) climbed 10% to $26.19 after the company announced an Army contract. The company also announced customers will showcase their work in Palantir&#39;s AI platform at the AIPCon event on Mar. 7.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) rose 10% to $16.86.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) rose 10% to $1,156.87. MicroStrategy shares fell over 21% on Tuesday after the company announced a proposed private offering of $600 million of convertible senior notes.</li>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) climbed 9.4% to $18.45.</li>
<li>Couchbase, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/base#NASDAQ">BASE</a>) shares gained 9.2% to $29.37 after the company reported upbeat fourth-quarter sales and issued upbeat revenue guidance for the first quarter.</li>
<li>Insperity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nsp#NYSE">NSP</a>) rose 8.4% to $103.06.</li>
<li>Hewlett Packard Enterprise Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpe#NYSE">HPE</a>) gained 7.9% to $19.53.</li>
<li>AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>) rose 7.7% to $179.96.</li>
<li>Bilibili Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bili#NASDAQ">BILI</a>) gained 7.4% to $10.91.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) rose 5.9% to $5.80. On Tuesday, NIO reported fourth-quarter revenue of 17.10 billion yuan ($2.41 billion), up by 6.5% year-over-year and down by 10.3% from the previous quarter.</li>
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Stifel analyst Brad Reback maintains HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Buy and raises the price target from $26 to $28.

Stifel Maintains Buy on HashiCorp, Raises Price Target to $28

Piper Sandler analyst James Fish reiterates HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Neutral and raises the price target from $22 to $25.

Piper Sandler Reiterates Neutral on HashiCorp, Raises Price Target to $25

Oppenheimer analyst Ittai Kidron maintains HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Outperform and maintains $34 price target.

Oppenheimer Maintains Outperform on HashiCorp, Maintains $34 Price Target

Piper Sandler analyst James Fish maintained a Hold rating on HashiCorp (HCP – Research Report) today and set a price target of $25.00. The company'...

Piper Sandler Keeps Their Hold Rating on HashiCorp (HCP)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Microsoft (MSFT – Research Report), Shopify (SHOP – ...

Analysts' Top Technology Picks: Microsoft (MSFT), Shopify (SHOP)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Edgio (EGIO – Research Report), Nuvei Corp (NVEI –...

Analysts' Opinions Are Mixed on These Technology Stocks: Edgio (EGIO), Nuvei Corp (NVEI) and HashiCorp (HCP)

HashiCorp may be worth $32-$40 a share in a potential sale - analyst

HashiCorp Inc (HCP) stock has gained 9.58% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. HashiCorp Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HCP!See Full HCP ReportWhat is Stock Sentiment?Sentiment uses short term tec

Is HashiCorp Inc (HCP) Stock About to Get Hot Monday?

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HashiCorp to announce fourth quarter and fiscal year 2024 financial results Mar. 5, 2024