HashiCorp, Inc. (NASDAQ:HCP) CMO Sells $465,969.42 in Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,782 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $33.81, for a total value of $465,969.42. Following the completion of the transaction, the chief marketing officer now directly owns 8,754 shares in the company, valued at approximately $295,972.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, September 20th, Marc Holmes sold 11,854 shares of HashiCorp stock. The stock was sold at an average price of $33.84, for a total value of $401,139.36.
• On Tuesday, September 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.80, for a total value of $470,360.80.
• 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 value of $468,412.56.
• On Wednesday, July 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $33.46, for a total transaction of $465,629.36.

HashiCorp Trading Up 0.1 %

HashiCorp stock opened at $33.90 on Friday. HashiCorp, Inc. has a 1-year low of $18.91 and a 1-year high of $34.06. The firm’s fifty day simple moving average is $33.76 and its 200-day simple moving average is $31.87. The company has a market capitalization of $6.82 billion, a P/E ratio of -35.28 and a beta of 1.25.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Piper Sandler restated a “neutral” rating and issued a $35.00 price target on shares of HashiCorp in a research report on Friday, August 30th. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. StockNews.com began coverage on HashiCorp in a report on Tuesday. They set a “hold” rating on the stock. Finally, Citigroup assumed coverage on HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.08.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of HashiCorp by 11.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock worth $14,821,000 after purchasing an additional 63,879 shares during the period. Swiss National Bank boosted its position in HashiCorp by 11.8% in the first quarter. Swiss National Bank now owns 221,600 shares of the company’s stock valued at $5,972,000 after buying an additional 23,400 shares in the last quarter. Contour Asset Management LLC bought a new position in HashiCorp in the 4th quarter valued at $21,217,000. GGV Capital LLC boosted its stake in HashiCorp by 4.6% in the fourth quarter. GGV Capital LLC now owns 658,990 shares of the company’s stock worth $15,579,000 after purchasing an additional 29,064 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of HashiCorp during the first quarter worth $1,070,000. Institutional investors own 87.83% 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.