HashiCorp, Inc. (NASDAQ:HCP) CMO Sells $401,139.36 in Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 11,854 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $401,139.36. Following the completion of the transaction, the chief marketing officer now owns 22,536 shares in the company, valued at $762,618.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Marc Holmes also recently made the following trade(s):

• On Tuesday, September 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $33.80, for a total transaction of $470,360.80.
• On Monday, August 12th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.66, for a total transaction of $468,412.56.
• On Wednesday, July 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.46, for a total transaction of $465,629.36.

HashiCorp Stock Down 0.2 %

HCP traded down $0.07 during trading hours on Monday, hitting $33.82. 2,312,660 shares of the company’s stock were exchanged, compared to its average volume of 3,344,329. HashiCorp, Inc. has a 1-year low of $18.91 and a 1-year high of $34.06. The stock’s 50-day moving average is $33.73 and its two-hundred day moving average is $31.73. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of -35.21 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last announced its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business had revenue of $165.14 million during the quarter, compared to analysts’ expectations of $157.22 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts anticipate that HashiCorp, Inc. will post -0.59 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HCP. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. StockNews.com started coverage on shares of HashiCorp in a research note on Wednesday, September 18th. They issued a “hold” rating for the company. Citigroup started coverage on shares of HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price for the company. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 target price on shares of HashiCorp in a research note on Friday, August 30th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, HashiCorp has a consensus rating of “Hold” and an average price target of $32.08.

Institutional Trading of HashiCorp

A number of large investors have recently added to or reduced their stakes in HCP. Whale Rock Capital Management LLC lifted 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 worth $123,046,000 after buying an additional 3,404,557 shares during the last quarter. Pentwater Capital Management LP acquired a new stake in shares of HashiCorp during the 2nd quarter worth about $91,654,000. Magnetar Financial LLC acquired a new stake in shares of HashiCorp during the 2nd quarter worth about $71,490,000. Champlain Investment Partners LLC acquired a new stake in shares of HashiCorp during the 1st quarter worth about $48,995,000. Finally, Vanguard Group Inc. lifted its stake in shares of HashiCorp by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock worth $329,454,000 after buying an additional 1,501,953 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

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.