Ledger Susan St. Sells 3,264 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) insider Ledger Susan St. sold 3,264 shares of HashiCorp stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $33.45, for a total value of $109,180.80. Following the completion of the transaction, the insider now directly owns 146,242 shares of the company’s stock, valued at approximately $4,891,794.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ledger Susan St. also recently made the following trade(s):

• On Thursday, June 20th, Ledger Susan St. sold 22,366 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total transaction of $743,893.16.

HashiCorp Stock Performance

HashiCorp stock opened at $33.50 on Friday. The business has a 50-day simple moving average of $32.78 and a two-hundred day simple moving average of $27.16. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $34.05.

HashiCorp (NASDAQ:HCP) last announced its earnings results on Thursday, May 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. HashiCorp had a negative net margin of 31.13% and a negative return on equity of 14.27%. The company had revenue of $160.58 million during the quarter, compared to analyst estimates of $153.39 million. On average, equities research analysts expect that HashiCorp, Inc. will post -0.8 EPS for the current year.

Wall Street Analyst Weigh In

HCP has been the topic of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $34.00 price target on shares of HashiCorp in a report on Wednesday, March 6th. TD Cowen increased their target price on HashiCorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Piper Sandler boosted their price target on HashiCorp from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of HashiCorp in a research report on Thursday, April 25th. Finally, BTIG Research lowered HashiCorp from a “buy” rating to 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 stock. According to MarketBeat.com, HashiCorp currently has an average rating of “Hold” and a consensus target price of $31.17.

Institutional Investors Weigh In On HashiCorp

Several hedge funds and other institutional investors have recently modified their holdings of HCP. Vanguard Group Inc. grew its holdings in HashiCorp by 14.0% during the first quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock valued at $329,454,000 after purchasing an additional 1,501,953 shares during the period. Whale Rock Capital Management LLC grew its stake in shares of HashiCorp by 293.2% during the 1st quarter. Whale Rock Capital Management LLC now owns 4,565,728 shares of the company’s stock valued at $123,046,000 after acquiring an additional 3,404,557 shares during the period. Jericho Capital Asset Management L.P. increased its holdings in HashiCorp by 53.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,338,951 shares of the company’s stock worth $89,985,000 after acquiring an additional 1,161,600 shares in the last quarter. Optimus Prime Fund Management Co. Ltd. raised its stake in HashiCorp by 50.0% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 2,849,100 shares of the company’s stock worth $67,353,000 after acquiring an additional 949,100 shares during the period. Finally, First Trust Advisors LP lifted its holdings in HashiCorp by 35.7% during the fourth quarter. First Trust Advisors LP now owns 2,722,097 shares of the company’s stock valued at $64,350,000 after purchasing an additional 716,574 shares in the last quarter. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

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.