Armon Dadgar Sells 22,779 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 22,779 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $770,841.36. Following the completion of the transaction, the chief technology officer now directly owns 44,934 shares of the company’s stock, valued at $1,520,566.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Armon Dadgar also recently made the following trade(s):

• On Tuesday, September 3rd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.83, for a total transaction of $1,214,632.32.
• On Thursday, August 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.85, for a total value of $1,215,350.40.
• On Friday, August 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.71, for a total transaction of $1,210,323.84.
• On Monday, July 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.50, for a total value of $1,202,784.00.
• On Tuesday, July 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.64, for a total value of $1,207,810.56.

HashiCorp Stock Up 0.0 %

Shares of HashiCorp stock opened at $33.83 on Wednesday. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of -35.24 and a beta of 1.25. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $34.06. The company’s fifty day moving average is $33.74 and its 200 day moving average is $31.84.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HCP. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of HashiCorp by 2,195.0% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 968,500 shares of the company’s stock worth $32,629,000 after buying an additional 926,300 shares during the period. University of Texas Texas AM Investment Management Co. boosted its position in HashiCorp by 298.0% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 397,124 shares of the company’s stock valued at $13,379,000 after acquiring an additional 297,341 shares during the last quarter. Water Island Capital LLC acquired a new stake in HashiCorp during the 2nd quarter worth about $37,762,000. Algert Global LLC raised its position in shares of HashiCorp by 13.6% in the 2nd quarter. Algert Global LLC now owns 75,676 shares of the company’s stock worth $2,550,000 after acquiring an additional 9,036 shares in the last quarter. Finally, Murchinson Ltd. acquired a new position in shares of HashiCorp in the 2nd quarter valued at about $3,369,000. Institutional investors own 87.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on HCP shares. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of HashiCorp in a report on Friday, August 30th. StockNews.com started coverage on shares of HashiCorp in a research report on Tuesday. They set a “hold” rating on the stock. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. Finally, Citigroup initiated coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price on the stock. Twelve 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, HashiCorp presently has an average rating of “Hold” and a consensus target price of $32.08.

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.