K2 Principal Fund L.P. purchased a new stake in shares of HashiCorp, Inc. (NASDAQ:HCP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 88,050 shares of the company’s stock, valued at approximately $2,966,000.
A number of other large investors have also added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in shares of HashiCorp during the second quarter valued at approximately $40,000. Advisors Asset Management Inc. lifted its position in shares of HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after purchasing an additional 961 shares during the period. Covestor Ltd boosted its stake in shares of HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after purchasing an additional 3,480 shares in the last quarter. Quest Partners LLC raised 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 worth $119,000 after buying an additional 3,505 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in HashiCorp in the second quarter worth about $208,000. Institutional investors own 87.83% of the company’s stock.
Insider Transactions at HashiCorp
In related news, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $33.64, for a total transaction of $1,207,810.56. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at $51,132,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO David Mcjannet sold 48,055 shares of the company’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 $1,626,181.20. Following the completion of the sale, the chief executive officer now owns 419,531 shares of the company’s stock, valued at approximately $14,196,929.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $33.64, for a total transaction of $1,207,810.56. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,132,800. The disclosure for this sale can be found here. Insiders sold 354,355 shares of company stock worth $11,957,418 over the last three months. 22.49% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on HashiCorp
HashiCorp Trading Down 0.2 %
HCP stock opened at $33.82 on Tuesday. The stock’s 50 day simple moving average is $33.74 and its 200 day simple moving average is $31.79. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $34.06. The stock has a market capitalization of $6.80 billion, a PE ratio of -35.23 and a beta of 1.25.
HashiCorp (NASDAQ:HCP – Get Free Report) 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 return on equity of 10.54% and a negative net margin of 23.69%. The firm had revenue of $165.14 million for the quarter, compared to the consensus estimate of $157.22 million. During the same period in the prior year, the company posted ($0.34) earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, research analysts predict that HashiCorp, Inc. will post -0.59 earnings per share for the current year.
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.
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