HashiCorp, Inc. (NASDAQ:HCP - Get Free Report) CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $32.72, for a total transaction of $1,174,778.88. Following the transaction, the chief technology officer now owns 1,589,356 shares in the company, valued at approximately $52,003,728.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Armon Dadgar also recently made the following trade(s):
- On Monday, April 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $24.31, for a total value of $872,826.24.
- On Tuesday, April 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $25.69, for a total transaction of $922,373.76.
- On Thursday, March 21st, Armon Dadgar sold 10,241 shares of HashiCorp stock. The stock was sold at an average price of $27.39, for a total transaction of $280,500.99.
- On Thursday, February 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $21.82, for a total transaction of $783,425.28.
HashiCorp Trading Down 0.2 %
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HashiCorp stock opened at $32.79 on Tuesday. The firm's fifty day moving average price is $27.24 and its two-hundred day moving average price is $23.94. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of -33.46 and a beta of 1.25. HashiCorp, Inc. has a 1-year low of $18.91 and a 1-year high of $36.39.
HashiCorp (NASDAQ:HCP - Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.06. The business had revenue of $155.78 million for the quarter, compared to analysts' expectations of $149.47 million. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. On average, research analysts forecast that HashiCorp, Inc. will post -0.8 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its stake in HashiCorp by 35.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company's stock valued at $54,000 after acquiring an additional 615 shares in the last quarter. Industry Ventures L.L.C. purchased a new stake in shares of HashiCorp in the fourth quarter valued at about $157,000. Victory Capital Management Inc. lifted its position in shares of HashiCorp by 35.5% during the third quarter. Victory Capital Management Inc. now owns 10,576 shares of the company's stock valued at $241,000 after purchasing an additional 2,768 shares in the last quarter. Xponance Inc. boosted its holdings in HashiCorp by 6.7% during the third quarter. Xponance Inc. now owns 10,701 shares of the company's stock worth $244,000 after purchasing an additional 673 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in HashiCorp by 10.0% during the third quarter. Principal Financial Group Inc. now owns 10,778 shares of the company's stock worth $246,000 after purchasing an additional 978 shares during the last quarter. Hedge funds and other institutional investors own 87.83% of the company's stock.
Analyst Ratings Changes
HCP has been the subject of a number of recent analyst reports. Citigroup increased their price target on HashiCorp from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, January 22nd. TD Cowen lifted their target price on HashiCorp from $23.00 to $26.00 and gave the stock a "market perform" rating in a report on Wednesday, March 6th. StockNews.com raised HashiCorp from a "sell" rating to a "hold" rating in a research note on Friday. Truist Financial reaffirmed a "hold" rating and set a $35.00 price objective (up previously from $27.00) on shares of HashiCorp in a research report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of HashiCorp in a research report on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.77.
Get Our Latest Analysis on HCP
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.
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