HashiCorp, Inc. (NASDAQ:HCP) CMO Sells $465,969.42 in Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,782 shares of HashiCorp stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $33.81, for a total value of $465,969.42. Following the completion of the transaction, the chief marketing officer now owns 8,754 shares of the company’s stock, valued at $295,972.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, September 20th, Marc Holmes sold 11,854 shares of HashiCorp stock. The stock was sold at an average price of $33.84, for a total value of $401,139.36.
• On Tuesday, September 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.80, for a total value of $470,360.80.
• On Monday, August 12th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $33.66, for a total value 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 Up 0.1 %

Shares of NASDAQ HCP opened at $33.90 on Friday. The stock has a market cap of $6.82 billion, a P/E ratio of -35.28 and a beta of 1.25. The firm’s 50-day simple moving average is $33.76 and its 200 day simple moving average is $31.87. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.06.

HashiCorp (NASDAQ:HCP) last released its quarterly 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 net margin of 23.69% and a negative return on equity of 10.54%. HashiCorp’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.34) EPS. On average, sell-side analysts anticipate that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HashiCorp

A number of institutional investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of HashiCorp by 2,195.0% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 968,500 shares of the company’s stock valued at $32,629,000 after purchasing an additional 926,300 shares during the period. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of HashiCorp by 298.0% in 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 buying an additional 297,341 shares during the period. Water Island Capital LLC bought a new position in HashiCorp during the second quarter valued at about $37,762,000. Algert Global LLC grew its holdings in HashiCorp by 13.6% during the second 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 during the period. Finally, Murchinson Ltd. bought a new stake in HashiCorp in the second quarter worth about $3,369,000. 87.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCP has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of HashiCorp in a research report on Tuesday. They issued a “hold” rating on the stock. Piper Sandler restated a “neutral” rating and issued a $35.00 target price on shares of HashiCorp in a research note on Friday, August 30th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. Finally, Citigroup initiated coverage on HashiCorp in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, HashiCorp currently has a consensus rating of “Hold” and an average 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.