Armon Dadgar Sells 17,800 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 17,800 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the sale, the chief technology officer now directly owns 31,348 shares in the company, valued at $1,073,042.04. This trade represents a 36.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Armon Dadgar also recently made the following trade(s):

• On Monday, December 2nd, Armon Dadgar sold 35,903 shares of HashiCorp stock. The shares were sold at an average price of $33.58, for a total value of $1,205,622.74.
• On Friday, November 22nd, Armon Dadgar sold 35,903 shares of HashiCorp stock. The stock was sold at an average price of $33.90, for a total transaction of $1,217,111.70.
• On Monday, November 4th, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.86, for a total transaction of $1,215,709.44.
• On Tuesday, October 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.82, for a total transaction of $1,214,273.28.
• On Wednesday, October 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.84, for a total transaction of $1,214,991.36.

HashiCorp Trading Up 0.0 %

Shares of HashiCorp stock opened at $34.19 on Friday. HashiCorp, Inc. has a 12-month low of $20.89 and a 12-month high of $34.33. The company has a market cap of $6.99 billion, a P/E ratio of -56.05 and a beta of 1.21. The company’s fifty day simple moving average is $33.87 and its two-hundred day simple moving average is $33.77.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HCP shares. Citigroup assumed coverage on HashiCorp in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Finally, StockNews.com started coverage on shares of HashiCorp in a research report on Sunday. They issued a “hold” rating on the stock. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, HashiCorp presently has a consensus rating of “Hold” and a consensus target price of $32.08.

Hedge Funds Weigh In On HashiCorp

Several hedge funds and other institutional investors have recently modified their holdings of HCP. Longfellow Investment Management Co. LLC bought a new stake in HashiCorp during the 3rd quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of HashiCorp during the third quarter valued at approximately $51,000. Quest Partners LLC grew its stake in HashiCorp by 9,736.1% in the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after purchasing an additional 3,505 shares during the period. KBC Group NV raised its holdings in HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after purchasing an additional 731 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV purchased a new position in HashiCorp during the third quarter valued at $205,000. Hedge funds and other institutional investors own 86.25% of the company’s stock.

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.