HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes Sells 13,728 Shares of Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,728 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $33.48, for a total value of $459,613.44. Following the completion of the transaction, the chief marketing officer now owns 4,368 shares in the company, valued at approximately $146,240.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Marc Holmes also recently made the following trade(s):

• On Thursday, June 20th, Marc Holmes sold 11,926 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total value of $396,658.76.
• On Monday, June 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.74, for a total transaction of $469,525.84.
• On Wednesday, April 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $26.30, for a total transaction of $365,990.80.

HashiCorp Price Performance

Shares of HCP stock opened at $33.49 on Thursday. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $34.05. The company’s fifty day simple moving average is $32.58 and its two-hundred day simple moving average is $27.11.

HashiCorp (NASDAQ:HCP) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. HashiCorp had a negative return on equity of 14.27% and a negative net margin of 31.13%. The business had revenue of $160.58 million for the quarter, compared to analysts’ expectations of $153.39 million. Research analysts anticipate that HashiCorp, Inc. will post -0.8 EPS for the current year.

Hedge Funds Weigh In On HashiCorp

A number of large investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in HashiCorp by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after acquiring an additional 961 shares during the period. Covestor Ltd increased its holdings in shares of HashiCorp by 12,888.9% in 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. bought a new position in shares of HashiCorp in the fourth quarter worth $157,000. Entropy Technologies LP purchased a new stake in shares of HashiCorp in the first quarter worth $311,000. Finally, SVB Wealth LLC bought a new stake in HashiCorp during the fourth quarter valued at $273,000. 87.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HCP shares. Stifel Nicolaus upped their target price on HashiCorp from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. KeyCorp assumed coverage on HashiCorp in a research note on Tuesday, March 19th. They issued a “sector weight” rating for the company. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Thursday, June 6th. StockNews.com began coverage on shares of HashiCorp in a report on Wednesday. They set a “hold” rating for the company. Finally, Bank of America increased their target price on shares of HashiCorp from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, HashiCorp has a consensus rating of “Hold” and a consensus target price of $31.17.

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.