HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar Sells 22,779 Shares

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 22,779 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $770,841.36. Following the transaction, the chief technology officer now directly owns 44,934 shares in the company, valued at $1,520,566.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, September 3rd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.83, for a total transaction of $1,214,632.32.
• On Thursday, August 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.85, for a total value of $1,215,350.40.
• On Friday, August 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.71, for a total value of $1,210,323.84.
• On Monday, July 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.50, for a total value of $1,202,784.00.
• On Tuesday, July 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.64, for a total value of $1,207,810.56.

HashiCorp Stock Performance

Shares of NASDAQ:HCP opened at $33.83 on Wednesday. The company has a market capitalization of $6.80 billion, a P/E ratio of -35.24 and a beta of 1.25. The company’s 50-day moving average is $33.74 and its 200 day moving average is $31.84. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.06.

HashiCorp (NASDAQ:HCP) last released its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The firm had revenue of $165.14 million for the quarter, compared to analysts’ expectations of $157.22 million. During the same period in the previous year, the company earned ($0.34) earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, research analysts predict that HashiCorp, Inc. will post -0.59 earnings per share for the current year.

Hedge Funds Weigh In On HashiCorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of HashiCorp by 28.8% during the 4th quarter. Victory Capital Management Inc. now owns 13,622 shares of the company’s stock valued at $322,000 after buying an additional 3,046 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in HashiCorp by 11.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock valued at $14,821,000 after purchasing an additional 63,879 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in HashiCorp by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,049,009 shares of the company’s stock worth $24,799,000 after purchasing an additional 92,586 shares during the period. Hsbc Holdings PLC boosted its position in HashiCorp by 569.4% during the fourth quarter. Hsbc Holdings PLC now owns 99,235 shares of the company’s stock worth $2,373,000 after purchasing an additional 84,410 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of HashiCorp by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company’s stock worth $1,020,000 after purchasing an additional 420 shares in the last quarter. 87.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HCP has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. StockNews.com began coverage on shares of HashiCorp in a research report on Tuesday. They issued a “hold” rating on the stock. Piper Sandler reissued a “neutral” rating and issued a $35.00 price objective on shares of HashiCorp in a research note on Friday, August 30th. Finally, Citigroup began coverage on HashiCorp in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price on the stock. Twelve equities research 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.com, HashiCorp currently has an average rating of “Hold” and an average price target of $32.08.

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.