HashiCorp (HCP) to Release Earnings on Thursday

HashiCorp (NASDAQ:HCP) is set to post its quarterly earnings results after the market closes on Thursday, December 5th. Analysts expect HashiCorp to post earnings of $0.05 per share for the quarter.

HashiCorp (NASDAQ:HCP) last announced its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The firm had revenue of $165.14 million for the quarter, compared to analysts’ expectations of $157.22 million. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.34) earnings per share. On average, analysts expect HashiCorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

HashiCorp Stock Performance

Shares of NASDAQ HCP opened at $33.58 on Thursday. HashiCorp has a 1 year low of $19.26 and a 1 year high of $34.21. The stock has a fifty day moving average price of $33.86 and a two-hundred day moving average price of $33.70. The firm has a market cap of $6.81 billion, a P/E ratio of -44.77 and a beta of 1.24.

Insider Activity

In related news, CFO Navam Welihinda sold 18,167 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $614,771.28. Following the completion of the sale, the chief financial officer now directly owns 105,883 shares in the company, valued at approximately $3,583,080.72. This trade represents a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Armon Dadgar sold 35,903 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $33.90, for a total transaction of $1,217,111.70. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,528,000. This represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 366,208 shares of company stock worth $12,391,868 over the last quarter. Corporate insiders own 22.49% of the company’s stock.

Wall Street Analyst Weigh In

HCP has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. Citigroup began coverage on shares of HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price objective on the stock. StockNews.com started coverage on shares of HashiCorp in a research note on Saturday, November 23rd. They set a “hold” rating for the company. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.08.

About HashiCorp

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.