American Century Companies Inc. Invests $283,000 in HashiCorp, Inc. (NASDAQ:HCP)

American Century Companies Inc. acquired a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,388 shares of the company’s stock, valued at approximately $283,000.

Other large investors also recently made changes to their positions in the company. American Capital Advisory LLC acquired a new stake in HashiCorp in the second quarter valued at $40,000. Advisors Asset Management Inc. lifted its stake in HashiCorp by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after acquiring an additional 961 shares during the last quarter. Covestor Ltd lifted its stake in HashiCorp by 12,888.9% in the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after acquiring an additional 3,480 shares during the last quarter. Quest Partners LLC lifted its stake in HashiCorp by 9,736.1% in the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock valued at $119,000 after acquiring an additional 3,505 shares during the last quarter. Finally, EDBI Pte Ltd acquired a new stake in HashiCorp in the second quarter valued at $219,000. Institutional investors own 87.83% of the company’s stock.

HashiCorp Trading Up 0.1 %

Shares of HashiCorp stock opened at $33.93 on Friday. The firm has a market capitalization of $6.82 billion, a PE ratio of -35.34 and a beta of 1.25. The firm’s 50 day moving average is $33.80 and its 200 day moving average is $32.17. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $34.06.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.08 earnings per share (EPS) for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The company had revenue of $165.14 million for the quarter, compared to analyst estimates of $157.22 million. During the same period in the previous year, the firm posted ($0.34) EPS. The firm’s revenue was up 15.3% on a year-over-year basis. As a group, research analysts anticipate that HashiCorp, Inc. will post -0.48 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $33.84, for a total value of $1,214,991.36. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,436,800. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $33.84, for a total value of $1,214,991.36. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,436,800. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $33.46, for a total transaction of $465,629.36. Following the completion of the transaction, the chief marketing officer now owns 4,368 shares in the company, valued at $146,153.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,041 shares of company stock worth $13,644,123 in the last ninety days. Company insiders own 22.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

HashiCorp 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.