HashiCorp, Inc. (NASDAQ:HCP) CMO Sells $470,360.80 in Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,916 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total transaction of $470,360.80. Following the transaction, the chief marketing officer now owns 4,368 shares in the company, valued at $147,638.40. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 transaction 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.
• On Monday, June 24th, Marc Holmes sold 13,728 shares of HashiCorp stock. The shares were sold at an average price of $33.48, for a total transaction of $459,613.44.
• On Thursday, June 20th, Marc Holmes sold 11,926 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total transaction of $396,658.76.

HashiCorp Stock Down 0.1 %

Shares of NASDAQ:HCP traded down $0.02 during trading on Wednesday, hitting $33.84. 597,316 shares of the stock traded hands, compared to its average volume of 3,366,791. The company has a market cap of $6.87 billion, a price-to-earnings ratio of -35.19 and a beta of 1.25. The company has a fifty day moving average price of $33.69 and a two-hundred day moving average price of $31.27. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $34.05.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $165.14 million during the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business’s quarterly 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, equities research analysts predict that HashiCorp, Inc. will post -0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On HashiCorp

Institutional investors have recently added to or reduced their stakes in the stock. American Capital Advisory LLC acquired a new stake in HashiCorp in the 2nd quarter valued at $40,000. Advisors Asset Management Inc. grew its stake in HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after acquiring an additional 961 shares during the period. Covestor Ltd grew its stake in HashiCorp by 12,888.9% in the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after acquiring an additional 3,480 shares during the period. Quest Partners LLC grew its stake in HashiCorp by 9,736.1% in the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock valued at $119,000 after acquiring an additional 3,505 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in HashiCorp in the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HCP. StockNews.com began coverage on shares of HashiCorp in a research report on Friday, September 6th. They issued a “hold” rating for the company. Citigroup started coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price target for the company. Piper Sandler reissued a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a research report on Friday, August 30th. Finally, JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Thursday, June 6th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.