HashiCorp, Inc. (NASDAQ:HCP) CFO Sells $166,700.00 in Stock

HashiCorp, Inc. (NASDAQ:HCPGet Free Report) CFO Navam Welihinda sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $33.34, for a total value of $166,700.00. Following the completion of the sale, the chief financial officer now directly owns 93,925 shares of the company’s stock, valued at $3,131,459.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Navam Welihinda also recently made the following trade(s):

  • On Tuesday, April 23rd, Navam Welihinda sold 3,000 shares of HashiCorp stock. The stock was sold at an average price of $27.84, for a total value of $83,520.00.
  • On Thursday, March 21st, Navam Welihinda sold 9,153 shares of HashiCorp stock. The shares were sold at an average price of $27.39, for a total value of $250,700.67.
  • On Monday, February 26th, Navam Welihinda sold 2,500 shares of HashiCorp stock. The stock was sold at an average price of $25.00, for a total transaction of $62,500.00.

HashiCorp Stock Up 0.4 %

NASDAQ HCP opened at $33.39 on Friday. The company has a market cap of $6.66 billion, a PE ratio of -34.07 and a beta of 1.25. HashiCorp, Inc. has a 52 week low of $18.91 and a 52 week high of $36.39. The firm’s 50-day simple moving average is $29.19 and its two-hundred day simple moving average is $25.19.

HashiCorp (NASDAQ:HCPGet Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.06. The company had revenue of $155.78 million for the quarter, compared to analysts’ expectations of $149.47 million. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. As a group, equities research analysts anticipate that HashiCorp, Inc. will post -0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Scotiabank reissued a “sector perform” rating and set a $35.00 price target (up from $31.00) on shares of HashiCorp in a research report on Thursday, April 25th. Stifel Nicolaus boosted their target price on HashiCorp from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of HashiCorp in a research report on Thursday, April 25th. Truist Financial reiterated a “hold” rating and set a $35.00 price target (up from $27.00) on shares of HashiCorp in a report on Thursday, April 25th. Finally, Bank of America lifted their target price on HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.77.

View Our Latest Stock Report on HashiCorp

Hedge Funds Weigh In On HashiCorp

Large investors have recently made changes to their positions in the stock. Whale Rock Capital Management LLC grew its stake in 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 acquiring an additional 3,404,557 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in HashiCorp in the 3rd quarter valued at $55,774,000. Champlain Investment Partners LLC purchased a new position in shares of HashiCorp during the 1st quarter valued at $48,995,000. Vanguard Group Inc. increased its holdings in shares of HashiCorp by 14.0% in the first quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock worth $329,454,000 after purchasing an additional 1,501,953 shares during the period. Finally, Atreides Management LP purchased a new stake in shares of HashiCorp in the third quarter worth $31,413,000. 87.83% of the stock is owned by institutional investors.

About HashiCorp

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for HashiCorp (NASDAQ:HCP)

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