HashiCorp, Inc. (NASDAQ:HCP) Director Sells $130,500.00 in Stock

HashiCorp, Inc. (NASDAQ:HCP) Director Sigal Zarmi sold 4,350 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total value of $130,500.00. Following the completion of the transaction, the director now owns 37,991 shares in the company, valued at approximately $1,139,730. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

HashiCorp Trading Down 0.7 %

Shares of HCP stock opened at $32.59 on Friday. The firm’s 50 day moving average is $26.08 and its 200 day moving average is $23.45. The stock has a market capitalization of $6.50 billion, a P/E ratio of -33.25 and a beta of 1.42. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $36.39.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. HashiCorp had a negative return on equity of 15.58% and a negative net margin of 32.70%. The firm had revenue of $155.78 million for the quarter, compared to the consensus estimate of $149.47 million. On average, equities analysts predict that HashiCorp, Inc. will post -0.8 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley upgraded HashiCorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $30.00 in a report on Monday, February 26th. Oppenheimer reaffirmed an “outperform” rating and set a $34.00 target price on shares of HashiCorp in a research report on Wednesday, March 6th. StockNews.com raised shares of HashiCorp from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Citigroup raised their price objective on shares of HashiCorp from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, KeyCorp initiated coverage on shares of HashiCorp in a research note on Tuesday, March 19th. They issued a “sector weight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, HashiCorp has a consensus rating of “Hold” and a consensus target price of $30.77.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina increased its position in shares of HashiCorp by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company’s stock valued at $1,020,000 after buying an additional 420 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in HashiCorp by 35.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock worth $54,000 after acquiring an additional 615 shares during the period. Xponance Inc. lifted its stake in HashiCorp by 6.7% in the 3rd quarter. Xponance Inc. now owns 10,701 shares of the company’s stock worth $244,000 after purchasing an additional 673 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in HashiCorp by 8.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,302 shares of the company’s stock valued at $281,000 after purchasing an additional 918 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of HashiCorp by 10.0% during the 3rd quarter. Principal Financial Group Inc. now owns 10,778 shares of the company’s stock valued at $246,000 after purchasing an additional 978 shares in the last quarter. Institutional investors 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.