HashiCorp, Inc. (NASDAQ:HCP) CEO David Mcjannet Sells 48,055 Shares

HashiCorp, Inc. (NASDAQ:HCP) CEO David Mcjannet sold 48,055 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $1,626,181.20. Following the transaction, the chief executive officer now directly owns 419,531 shares in the company, valued at approximately $14,196,929.04. The transaction was disclosed in a filing with the SEC, which is available at this link.

HashiCorp Stock Down 0.2 %

HCP stock traded down $0.07 on Monday, reaching $33.82. 2,312,660 shares of the company’s stock were exchanged, compared to its average volume of 3,344,329. The stock has a fifty day moving average of $33.73 and a 200-day moving average of $31.73. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $34.06. The firm has a market cap of $6.80 billion, a PE ratio of -35.21 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The company had revenue of $165.14 million for 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%. HashiCorp’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.34) earnings per share. On average, equities research analysts predict that HashiCorp, Inc. will post -0.59 EPS for the current fiscal year.

Institutional Trading of HashiCorp

Institutional investors have recently bought and sold shares of the company. American Capital Advisory LLC purchased a new stake in HashiCorp during the second quarter worth $40,000. Advisors Asset Management Inc. lifted its position in shares of 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 in the last quarter. Covestor Ltd lifted its position in shares of 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 in the last quarter. Quest Partners LLC lifted its position in shares of 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 in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of HashiCorp in the second quarter valued at $208,000. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Citigroup started coverage on HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price on the stock. StockNews.com started coverage on HashiCorp in a research note on Wednesday, September 18th. They set a “hold” rating on the stock. Finally, Piper Sandler restated a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a research note on Friday, August 30th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.08.

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.