HashiCorp, Inc. (NASDAQ:HCP) CFO Navam Welihinda Sells 5,000 Shares of Stock

HashiCorp, Inc. (NASDAQ:HCP) CFO Navam Welihinda sold 5,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $33.87, for a total transaction of $169,350.00. Following the transaction, the chief financial officer now owns 88,322 shares of the company’s stock, valued at $2,991,466.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, July 22nd, Navam Welihinda sold 5,000 shares of HashiCorp stock. The stock was sold at an average price of $33.50, for a total value of $167,500.00.
• On Monday, June 24th, Navam Welihinda sold 17,397 shares of HashiCorp stock. The stock was sold at an average price of $33.47, for a total transaction of $582,277.59.
• On Thursday, June 20th, Navam Welihinda sold 18,271 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total transaction of $607,693.46.

HashiCorp Stock Up 0.1 %

HCP stock opened at $33.90 on Friday. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $34.05. The firm has a market capitalization of $6.82 billion, a PE ratio of -35.31 and a beta of 1.25. The stock has a 50-day simple moving average of $33.62 and a two-hundred day simple moving average of $30.30.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Thursday, May 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $160.58 million for the quarter, compared to analysts’ expectations of $153.39 million. HashiCorp had a negative net margin of 31.13% and a negative return on equity of 14.27%. On average, equities research analysts anticipate that HashiCorp, Inc. will post -0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HCP has been the subject of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Thursday, June 6th. StockNews.com assumed coverage on HashiCorp in a research report on Monday, August 19th. They set a “hold” rating for the company. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.17.

Hedge Funds Weigh In On HashiCorp

A number of institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB purchased a new stake in HashiCorp in the fourth quarter valued at approximately $426,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of HashiCorp by 37.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 117,544 shares of the company’s stock worth $2,779,000 after acquiring an additional 31,807 shares during the last quarter. Victory Capital Management Inc. grew its position in HashiCorp by 28.8% in the fourth quarter. Victory Capital Management Inc. now owns 13,622 shares of the company’s stock worth $322,000 after acquiring an additional 3,046 shares in the last quarter. Glynn Capital Management LLC increased its stake in HashiCorp by 11.3% in the fourth quarter. Glynn Capital Management LLC now owns 596,000 shares of the company’s stock valued at $14,089,000 after acquiring an additional 60,562 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in HashiCorp by 11.3% during the fourth 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 last quarter. 87.83% of the stock is currently owned by institutional investors.

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.