Marc Holmes Sells 13,916 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $33.46, for a total value of $465,629.36. Following the transaction, the chief marketing officer now owns 4,368 shares of the company’s stock, valued at approximately $146,153.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value 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 value of $396,658.76.
• On Monday, June 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.74, for a total value of $469,525.84.

HashiCorp Stock Up 0.7 %

Shares of NASDAQ:HCP traded up $0.25 on Thursday, reaching $33.61. The company had a trading volume of 1,641,692 shares, compared to its average volume of 3,623,453. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $34.05. The stock has a 50-day moving average price of $33.39 and a 200 day moving average price of $27.90. The stock has a market capitalization of $6.76 billion, a P/E ratio of -35.01 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. HashiCorp had a negative return on equity of 14.27% and a negative net margin of 31.13%. The business had revenue of $160.58 million during the quarter, compared to analysts’ expectations of $153.39 million. On average, sell-side analysts predict that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Bank of America boosted their price objective on HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Needham & Company LLC reissued a “hold” rating on shares of HashiCorp in a research note on Thursday, April 25th. William Blair downgraded HashiCorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 24th. Piper Sandler boosted their target price on HashiCorp from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, StockNews.com started coverage on HashiCorp in a research report on Monday. They set a “hold” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, HashiCorp presently has a consensus rating of “Hold” and an average price target of $31.17.

Hedge Funds Weigh In On HashiCorp

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of HashiCorp by 14.0% during the 1st 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 last quarter. Whale Rock Capital Management LLC lifted its position in shares of HashiCorp by 293.2% during the 1st quarter. Whale Rock Capital Management LLC now owns 4,565,728 shares of the company’s stock worth $123,046,000 after purchasing an additional 3,404,557 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of HashiCorp by 53.3% during 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 purchasing an additional 1,161,600 shares during the last quarter. Optimus Prime Fund Management Co. Ltd. raised its holdings in HashiCorp by 50.0% in the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 2,849,100 shares of the company’s stock valued at $67,353,000 after acquiring an additional 949,100 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in HashiCorp by 35.7% in the 4th quarter. First Trust Advisors LP now owns 2,722,097 shares of the company’s stock valued at $64,350,000 after acquiring an additional 716,574 shares in the last quarter. Institutional investors and hedge funds 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.