Navam Welihinda Sells 17,397 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CFO Navam Welihinda sold 17,397 shares of HashiCorp stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $33.47, for a total transaction of $582,277.59. Following the completion of the transaction, the chief financial officer now owns 95,485 shares in the company, valued at approximately $3,195,882.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Navam Welihinda also recently made the following trade(s):

• On Thursday, June 20th, Navam Welihinda sold 18,271 shares of HashiCorp stock. The stock was sold at an average price of $33.26, for a total transaction of $607,693.46.
• On Wednesday, May 22nd, Navam Welihinda sold 5,000 shares of HashiCorp stock. The stock was sold at an average price of $33.34, for a total transaction of $166,700.00.
• On Tuesday, April 23rd, Navam Welihinda sold 3,000 shares of HashiCorp stock. The stock was sold at an average price of $27.84, for a total transaction of $83,520.00.

HashiCorp Stock Up 0.1 %

Shares of HashiCorp stock traded up $0.05 on Wednesday, hitting $33.49. 1,491,851 shares of the company traded hands, compared to its average volume of 3,753,128. The company has a 50-day moving average price of $32.58 and a 200 day moving average price of $27.11. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $34.05. The company has a market cap of $6.73 billion, a PE ratio of -34.89 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. HashiCorp had a negative net margin of 31.13% and a negative return on equity of 14.27%. The business had revenue of $160.58 million during the quarter, compared to analyst estimates of $153.39 million. Equities research analysts anticipate that HashiCorp, Inc. will post -0.8 EPS for the current year.

Wall Street Analyst Weigh In

HCP has been the topic of several recent research reports. William Blair lowered shares of HashiCorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 24th. Needham & Company LLC reiterated a “hold” rating on shares of HashiCorp in a research report on Thursday, April 25th. Truist Financial reiterated a “hold” rating and set a $35.00 price objective (up from $27.00) on shares of HashiCorp in a research report on Thursday, April 25th. BTIG Research cut shares of HashiCorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus lifted their price objective on shares of HashiCorp from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.17.

Institutional Investors Weigh In On HashiCorp

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its stake in shares of HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after purchasing an additional 961 shares during the last quarter. Covestor Ltd lifted its position in HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after acquiring an additional 3,480 shares during the last quarter. Industry Ventures L.L.C. acquired a new position in HashiCorp during the 4th quarter worth $157,000. Entropy Technologies LP acquired a new position in HashiCorp during the 1st quarter worth $311,000. Finally, SVB Wealth LLC acquired a new position in HashiCorp during the 4th quarter worth $273,000. Institutional investors and hedge funds 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.