HashiCorp (HCP) to Release Earnings on Thursday

HashiCorp (NASDAQ:HCP) will likely be posting its quarterly earnings results after the market closes on Thursday, March 6th. Analysts expect HashiCorp to post earnings of $0.10 per share and revenue of $175.85 million for the quarter.

HashiCorp Stock Down 0.1 %

HCP stock opened at $34.78 on Thursday. HashiCorp has a twelve month low of $23.00 and a twelve month high of $34.85. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The firm’s fifty day simple moving average is $34.29 and its two-hundred day simple moving average is $33.99.

Insider Activity at HashiCorp

In related news, CTO Armon Dadgar sold 35,903 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $33.58, for a total value of $1,205,622.74. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,041,600. This represents a 2.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Mcjannet sold 47,526 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the transaction, the chief executive officer now owns 465,978 shares in the company, valued at approximately $15,945,767.16. This trade represents a 9.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,229 shares of company stock valued at $3,441,256 in the last three months. 22.49% of the stock is owned by insiders.

Analysts Set New Price Targets

HCP has been the topic of a number of research analyst reports. StockNews.com upgraded shares of HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, HashiCorp has a consensus rating of “Hold” and a consensus price target of $32.27.

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.