HashiCorp (HCP) Set to Announce Quarterly Earnings on Thursday

HashiCorp (NASDAQ:HCP) is set to announce its earnings results after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

HashiCorp Stock Down 0.1 %

Shares of NASDAQ HCP opened at $33.57 on Wednesday. The firm has a market cap of $6.81 billion, a PE ratio of -44.76 and a beta of 1.21. The company’s fifty day simple moving average is $33.84 and its 200 day simple moving average is $33.72. HashiCorp has a 12-month low of $19.26 and a 12-month high of $34.21.

Analyst Ratings Changes

Several brokerages have recently commented on HCP. Citigroup started coverage on HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price for the company. StockNews.com began coverage on shares of HashiCorp in a research report on Friday, November 29th. They issued a “hold” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Finally, Piper Sandler reissued a “neutral” rating and set a $35.00 target price on shares of HashiCorp in a research report on Friday, August 30th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.08.

Insiders Place Their Bets

In other HashiCorp news, CEO David Mcjannet sold 48,055 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 419,531 shares in the company, valued at $14,196,929.04. The trade was a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ledger Susan St. sold 22,232 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $752,330.88. Following the transaction, the insider now owns 167,747 shares of the company’s stock, valued at $5,676,558.48. The trade was a 11.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 330,304 shares of company stock valued at $11,177,235. Insiders own 22.49% of the company’s stock.

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.