Armon Dadgar Sells 17,800 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCPGet Free Report) CTO Armon Dadgar sold 17,800 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total transaction of $609,294.00. Following the completion of the sale, the chief technology officer now directly owns 31,348 shares of the company’s stock, valued at $1,073,042.04. The trade was a 36.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Armon Dadgar also recently made the following trade(s):

  • On Monday, December 2nd, Armon Dadgar sold 35,903 shares of HashiCorp stock. The stock was sold at an average price of $33.58, for a total value of $1,205,622.74.
  • On Friday, November 22nd, Armon Dadgar sold 35,903 shares of HashiCorp stock. The stock was sold at an average price of $33.90, for a total value of $1,217,111.70.
  • On Monday, November 4th, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.86, for a total value of $1,215,709.44.
  • On Tuesday, October 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.82, for a total transaction of $1,214,273.28.
  • On Wednesday, October 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.84, for a total transaction of $1,214,991.36.

HashiCorp Trading Up 0.0 %

HashiCorp stock opened at $34.19 on Friday. HashiCorp, Inc. has a 52 week low of $20.89 and a 52 week high of $34.33. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of -56.05 and a beta of 1.21. The company’s 50-day moving average price is $33.87 and its two-hundred day moving average price is $33.77.

Hedge Funds Weigh In On HashiCorp

Several hedge funds have recently modified their holdings of the company. Xponance Inc. lifted its stake in HashiCorp by 3.1% during the second quarter. Xponance Inc. now owns 10,271 shares of the company’s stock valued at $346,000 after purchasing an additional 305 shares during the last quarter. KBC Group NV increased its holdings in shares of HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock valued at $121,000 after buying an additional 731 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of HashiCorp by 4.8% during the 3rd quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock valued at $646,000 after acquiring an additional 873 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of HashiCorp by 3.5% in the 2nd quarter. Arizona State Retirement System now owns 31,921 shares of the company’s stock worth $1,075,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new position in shares of HashiCorp in the 3rd quarter worth $38,000. 86.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of HashiCorp in a research note on Monday, December 23rd. They set a “hold” rating on the stock. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Piper Sandler restated a “neutral” rating and set a $35.00 price objective on shares of HashiCorp in a research report on Friday, August 30th. Finally, Citigroup began coverage on HashiCorp in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.08.

Check Out Our Latest Analysis on HashiCorp

About HashiCorp

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for HashiCorp (NASDAQ:HCP)

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