HashiCorp (HCP) to Release Quarterly Earnings on Thursday

HashiCorp (NASDAQ:HCP) is set to announce its earnings results after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

HashiCorp Stock Down 0.1 %

Shares of NASDAQ HCP opened at $33.57 on Wednesday. The company has a market cap of $6.81 billion, a P/E ratio of -44.76 and a beta of 1.21. HashiCorp has a 52 week low of $19.26 and a 52 week high of $34.21. The business has a 50-day simple moving average of $33.84 and a two-hundred day simple moving average of $33.72.

Wall Street Analyst Weigh In

Several brokerages recently commented on HCP. StockNews.com began coverage on shares of HashiCorp in a research note on Friday, November 29th. They set a “hold” rating for the company. Citigroup began coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target on the stock. Piper Sandler reissued a “neutral” rating and set a $35.00 price objective on shares of HashiCorp in a research note on Friday, August 30th. Finally, JMP Securities restated a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Twelve equities 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, HashiCorp has a consensus rating of “Hold” and a consensus price target of $32.08.

Insider Buying and Selling at HashiCorp

In other HashiCorp news, CMO Marc Holmes sold 13,916 shares of HashiCorp stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total value of $470,360.80. Following the transaction, the chief marketing officer now directly owns 4,368 shares of the company’s stock, valued at $147,638.40. The trade was a 76.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Armon Dadgar sold 35,903 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $33.90, for a total value of $1,217,111.70. Following the sale, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,528,000. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 330,304 shares of company stock worth $11,177,235 over the last ninety days. Insiders own 22.49% 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.