Creative Planning Sells 21,449 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Creative Planning lessened its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 63.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,529 shares of the company’s stock after selling 21,449 shares during the period. Creative Planning’s holdings in HashiCorp were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in HashiCorp during the 2nd quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in HashiCorp during the 3rd quarter worth $51,000. Advisors Asset Management Inc. increased its position in HashiCorp by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after buying an additional 961 shares during the period. Covestor Ltd increased its position in HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after buying an additional 3,480 shares during the period. Finally, Quest Partners LLC increased its position in HashiCorp by 9,736.1% during the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after buying an additional 3,505 shares during the period. Institutional investors own 87.83% of the company’s stock.

HashiCorp Trading Up 0.6 %

Shares of HCP stock opened at $34.07 on Thursday. The stock has a 50 day simple moving average of $33.86 and a two-hundred day simple moving average of $33.49. HashiCorp, Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $34.11.

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

Insider Activity

In other news, CEO David Mcjannet sold 48,055 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the completion of the sale, the chief executive officer now owns 419,531 shares in the company, valued at $14,196,929.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO David Mcjannet sold 48,055 shares of HashiCorp stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the transaction, the chief executive officer now owns 419,531 shares of the company’s stock, valued at $14,196,929.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Marc Holmes sold 13,916 shares of HashiCorp stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $33.66, for a total value of $468,412.56. Following the transaction, the chief marketing officer now directly owns 4,368 shares in the company, valued at approximately $147,026.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,125 shares of company stock worth $13,027,869 over the last quarter. 22.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HCP. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Piper Sandler restated a “neutral” rating and issued a $35.00 price target on shares of HashiCorp in a research report on Friday, August 30th. Citigroup began coverage on HashiCorp in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, StockNews.com began coverage on HashiCorp in a research report on Tuesday. They issued a “hold” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, HashiCorp presently has an average 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.