HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) CFO Navam Welihinda sold 18,271 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $33.26, for a total transaction of $607,693.46. Following the sale, the chief financial officer now owns 111,882 shares in the company, valued at $3,721,195.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Navam Welihinda also recently made the following trade(s):
- On Wednesday, May 22nd, Navam Welihinda sold 5,000 shares of HashiCorp stock. The stock was sold at an average price of $33.34, for a total transaction of $166,700.00.
- On Tuesday, April 23rd, Navam Welihinda sold 3,000 shares of HashiCorp stock. The stock was sold at an average price of $27.84, for a total transaction of $83,520.00.
HashiCorp Trading Down 0.1 %
HCP stock opened at $33.44 on Wednesday. The company has a market capitalization of $6.72 billion, a P/E ratio of -34.83 and a beta of 1.25. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $34.05. The business has a 50 day simple moving average of $32.38 and a 200-day simple moving average of $27.07.
Institutional Investors Weigh In On HashiCorp
Several hedge funds have recently modified their holdings of HCP. Advisors Asset Management Inc. lifted its holdings in shares of HashiCorp by 43.0% during the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after purchasing an additional 961 shares during the period. Covestor Ltd lifted its holdings in shares of HashiCorp by 12,888.9% during the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after purchasing an additional 3,480 shares during the period. Industry Ventures L.L.C. acquired a new stake in shares of HashiCorp during the fourth quarter worth $157,000. SVB Wealth LLC acquired a new stake in shares of HashiCorp during the fourth quarter worth $273,000. Finally, Aristides Capital LLC acquired a new stake in shares of HashiCorp during the fourth quarter worth $286,000. 87.83% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently weighed in on HCP. Truist Financial restated a “hold” rating and set a $35.00 target price (up from $27.00) on shares of HashiCorp in a research note on Thursday, April 25th. William Blair lowered shares of HashiCorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 24th. Needham & Company LLC reiterated a “hold” rating on shares of HashiCorp in a research note on Thursday, April 25th. Scotiabank reiterated a “sector perform” rating and issued a $35.00 price target (up from $31.00) on shares of HashiCorp in a research note on Thursday, April 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Thursday, June 6th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.17.
View Our Latest Analysis on HCP
HashiCorp Company Profile
HashiCorp, Inc engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up.
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