HashiCorp, Inc. (NASDAQ:HCP) Insider Sells $752,330.88 in Stock

HashiCorp, Inc. (NASDAQ:HCP) insider Ledger Susan St. sold 22,232 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $33.84, for a total value of $752,330.88. Following the completion of the sale, the insider now owns 167,747 shares of the company’s stock, valued at $5,676,558.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $33.45, for a total transaction of $109,180.80.

HashiCorp Trading Up 0.0 %

NASDAQ:HCP opened at $33.84 on Thursday. HashiCorp, Inc. has a 1-year low of $18.91 and a 1-year high of $34.06. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of -35.25 and a beta of 1.25. The business’s 50-day moving average price is $33.75 and its two-hundred day moving average price is $31.85.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $165.14 million for the quarter, compared to the consensus estimate of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. HashiCorp’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the company posted ($0.34) EPS. Sell-side analysts predict that HashiCorp, Inc. will post -0.48 earnings per share for the current year.

Hedge Funds Weigh In On HashiCorp

A number of hedge funds and other institutional investors have recently made changes to their positions in HCP. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of HashiCorp by 2,195.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 968,500 shares of the company’s stock valued at $32,629,000 after buying an additional 926,300 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in HashiCorp by 298.0% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 397,124 shares of the company’s stock valued at $13,379,000 after acquiring an additional 297,341 shares during the period. Water Island Capital LLC bought a new stake in shares of HashiCorp in the second quarter worth about $37,762,000. Algert Global LLC raised its position in shares of HashiCorp by 13.6% during the second quarter. Algert Global LLC now owns 75,676 shares of the company’s stock worth $2,550,000 after purchasing an additional 9,036 shares during the period. Finally, Murchinson Ltd. bought a new position in shares of HashiCorp during the 2nd quarter valued at about $3,369,000. 87.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HCP shares. Piper Sandler reiterated a “neutral” rating and set a $35.00 target price on shares of HashiCorp in a research report on Friday, August 30th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. StockNews.com began coverage on HashiCorp in a research note on Tuesday. They issued a “hold” rating for the company. Finally, Citigroup assumed coverage on HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HashiCorp presently has a consensus rating of “Hold” and an average target price 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.