HashiCorp (NASDAQ:HCP) Now Covered by StockNews.com

StockNews.com started coverage on shares of HashiCorp (NASDAQ:HCP) in a research report report published on Tuesday. The firm issued a hold rating on the stock.

Several other research analysts have also issued reports on HCP. Piper Sandler reiterated a “neutral” rating and issued a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Citigroup initiated coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target for the company. Finally, JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. Twelve 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 company presently has an average rating of “Hold” and a consensus price target of $32.08.

HashiCorp Trading Up 0.1 %

HCP stock opened at $34.06 on Tuesday. The firm has a market cap of $6.91 billion, a PE ratio of -45.41 and a beta of 1.24. The stock has a 50-day moving average price of $33.86 and a 200-day moving average price of $33.56. HashiCorp has a 1-year low of $19.26 and a 1-year high of $34.13.

HashiCorp (NASDAQ:HCP) last issued its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $165.14 million for the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. HashiCorp’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.34) earnings per share. On average, analysts forecast that HashiCorp will post -0.48 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.86, for a total transaction of $1,215,709.44. Following the sale, the chief technology officer now directly owns 1,520,000 shares in the company, valued at approximately $51,467,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.86, for a total transaction of $1,215,709.44. Following the completion of the sale, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,467,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Mcjannet sold 48,055 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the completion of the transaction, the chief executive officer now owns 419,531 shares in the company, valued at approximately $14,196,929.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,125 shares of company stock worth $13,027,869. 22.49% of the stock is owned by insiders.

Institutional Trading of HashiCorp

A number of large investors have recently bought and sold shares of HCP. American Capital Advisory LLC purchased a new position in shares of HashiCorp in the second quarter worth about $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in HashiCorp in the 3rd quarter worth approximately $51,000. Advisors Asset Management Inc. grew its stake in HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after buying an additional 961 shares in the last quarter. Covestor Ltd raised its holdings in HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after acquiring an additional 3,480 shares during the period. Finally, Quest Partners LLC lifted its position in shares of HashiCorp by 9,736.1% during the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after acquiring an additional 3,505 shares in the last quarter. 87.83% of the stock is owned by hedge funds and other institutional investors.

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.