Weekly Research Analysts’ Ratings Updates for HashiCorp (HCP)

HashiCorp (NASDAQ: HCP) recently received a number of ratings updates from brokerages and research firms:

• 10/18/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/12/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/6/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/30/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/24/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/18/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/16/2024 – HashiCorp had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 9/12/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/6/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/3/2024 – HashiCorp is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $35.00 price target on the stock.
• 8/31/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/30/2024 – HashiCorp had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $35.00 price target on the stock.
• 8/25/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

HashiCorp Trading Up 0.3 %

NASDAQ HCP traded up $0.09 on Monday, hitting $33.83. 934,282 shares of the company traded hands, compared to its average volume of 3,176,178. The business’s 50 day moving average price is $33.85 and its 200-day moving average price is $32.74. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -35.24 and a beta of 1.25. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $34.06.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings data 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 company had revenue of $165.14 million during the quarter, compared to the consensus estimate of $157.22 million. During the same period in the previous year, the company posted ($0.34) EPS. The firm’s revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that HashiCorp, Inc. will post -0.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $33.71, for a total value of $1,210,323.84. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares of the company’s stock, valued at $51,239,200. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $33.71, for a total transaction of $1,210,323.84. Following the completion of the transaction, the chief technology officer now directly owns 1,520,000 shares in the company, valued at approximately $51,239,200. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Marc Holmes sold 13,782 shares of HashiCorp stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $33.81, for a total transaction of $465,969.42. Following the completion of the transaction, the chief marketing officer now directly owns 8,754 shares of the company’s stock, valued at $295,972.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,221 shares of company stock worth $11,808,210. Corporate insiders own 22.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in HashiCorp by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock valued at $329,454,000 after purchasing an additional 1,501,953 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake in shares of HashiCorp by 293.2% during the first quarter. Whale Rock Capital Management LLC now owns 4,565,728 shares of the company’s stock valued at $123,046,000 after purchasing an additional 3,404,557 shares during the period. Jericho Capital Asset Management L.P. increased its stake in HashiCorp by 53.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,338,951 shares of the company’s stock worth $89,985,000 after buying an additional 1,161,600 shares during the period. Pentwater Capital Management LP bought a new stake in HashiCorp during the 2nd quarter valued at about $91,654,000. Finally, Magnetar Financial LLC bought a new stake in HashiCorp during the 2nd quarter valued at about $71,490,000. Institutional investors own 87.83% of the company’s stock.

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.