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

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

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 value of $469,525.84.
• On Wednesday, April 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $26.30, for a total value of $365,990.80.

HashiCorp Stock Up 0.0 %

NASDAQ:HCP opened at $33.50 on Friday. The stock has a market cap of $6.73 billion, a P/E ratio of -34.90 and a beta of 1.25. The firm’s fifty day simple moving average is $32.78 and its 200 day simple moving average is $27.16. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $34.05.

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

Hedge Funds Weigh In On HashiCorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCP. Cetera Advisors LLC purchased a new position in shares of HashiCorp in the 1st quarter worth about $379,000. Washington Harbour Partners LP raised its position in shares of HashiCorp by 72.5% in the 1st quarter. Washington Harbour Partners LP now owns 78,500 shares of the company’s stock worth $2,116,000 after purchasing an additional 33,000 shares during the last quarter. Comerica Bank raised its position in shares of HashiCorp by 2.1% in the 1st quarter. Comerica Bank now owns 18,432 shares of the company’s stock worth $497,000 after purchasing an additional 374 shares during the last quarter. California State Teachers Retirement System raised its position in shares of HashiCorp by 5.1% in the 1st quarter. California State Teachers Retirement System now owns 111,076 shares of the company’s stock worth $2,993,000 after purchasing an additional 5,372 shares during the last quarter. Finally, WPWealth LLP purchased a new position in HashiCorp in the 1st quarter worth about $437,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HCP. Needham & Company LLC reiterated a “hold” rating on shares of HashiCorp in a research report on Thursday, April 25th. StockNews.com started coverage on HashiCorp in a research note on Wednesday. They set a “hold” rating for the company. BTIG Research lowered HashiCorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen lifted their price objective on HashiCorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Finally, KeyCorp started coverage on HashiCorp in a report on Tuesday, March 19th. They issued a “sector weight” rating for the company. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.