HashiCorp, Inc. (NASDAQ:HCP) Insider Ledger Susan St. Sells 22,366 Shares

HashiCorp, Inc. (NASDAQ:HCP) insider Ledger Susan St. sold 22,366 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $33.26, for a total value of $743,893.16. Following the sale, the insider now owns 143,072 shares of the company’s stock, valued at approximately $4,758,574.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ledger Susan St. also recently made the following trade(s):

• On Tuesday, June 25th, Ledger Susan St. sold 3,264 shares of HashiCorp stock. The stock was sold at an average price of $33.45, for a total value of $109,180.80.

HashiCorp Stock Up 0.1 %

NASDAQ:HCP opened at $33.49 on Thursday. The firm has a market capitalization of $6.73 billion, a PE ratio of -34.89 and a beta of 1.25. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $34.05. The firm has a 50-day moving average price of $32.58 and a 200 day moving average price of $27.11.

HashiCorp (NASDAQ:HCP) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company had revenue of $160.58 million for the quarter, compared to analyst estimates of $153.39 million. HashiCorp had a negative return on equity of 14.27% and a negative net margin of 31.13%. On average, research analysts expect that HashiCorp, Inc. will post -0.8 EPS for the current year.

Analysts Set New Price Targets

HCP has been the topic of a number of recent analyst reports. Scotiabank reissued a “sector perform” rating and issued a $35.00 price target (up previously from $31.00) on shares of HashiCorp in a research report on Thursday, April 25th. TD Cowen boosted their target price on shares of HashiCorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. Truist Financial reaffirmed a “hold” rating and issued a $35.00 price target (up from $27.00) on shares of HashiCorp in a research report on Thursday, April 25th. StockNews.com initiated coverage on HashiCorp in a research note on Wednesday. They set a “hold” rating for the company. Finally, Bank of America lifted their price target on HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.17.

Institutional Investors Weigh In On HashiCorp

Several large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in HashiCorp by 43.0% during the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after buying an additional 961 shares during the last quarter. Covestor Ltd grew its position in HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after acquiring an additional 3,480 shares during the last quarter. Industry Ventures L.L.C. acquired a new stake in HashiCorp during the 4th quarter valued at $157,000. SVB Wealth LLC bought a new position in HashiCorp in the 4th quarter valued at $273,000. Finally, Aristides Capital LLC acquired a new position in HashiCorp in the fourth quarter worth $286,000. Institutional investors own 87.83% 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.