HashiCorp (NASDAQ: HCP) recently received a number of ratings updates from brokerages and research firms:
- 10/18/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 10/12/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 10/6/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/30/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/24/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/18/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/16/2024 – HashiCorp had its “market perform” rating reaffirmed by analysts at JMP Securities.
- 9/12/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/6/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/3/2024 – HashiCorp is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $35.00 price target on the stock.
- 8/31/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 8/30/2024 – HashiCorp had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $35.00 price target on the stock.
- 8/25/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
HashiCorp Trading Up 0.3 %
NASDAQ HCP traded up $0.09 on Monday, hitting $33.83. 934,282 shares of the company traded hands, compared to its average volume of 3,176,178. The business’s 50 day moving average price is $33.85 and its 200-day moving average price is $32.74. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -35.24 and a beta of 1.25. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $34.06.
HashiCorp (NASDAQ:HCP – Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.08 earnings per share (EPS) for the quarter. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The company had revenue of $165.14 million during the quarter, compared to the consensus estimate of $157.22 million. During the same period in the previous year, the company posted ($0.34) EPS. The firm’s revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that HashiCorp, Inc. will post -0.48 earnings per share for the current year.
Insiders Place Their Bets
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in HashiCorp by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock valued at $329,454,000 after purchasing an additional 1,501,953 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake in shares of HashiCorp by 293.2% during the first quarter. Whale Rock Capital Management LLC now owns 4,565,728 shares of the company’s stock valued at $123,046,000 after purchasing an additional 3,404,557 shares during the period. Jericho Capital Asset Management L.P. increased its stake in HashiCorp by 53.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,338,951 shares of the company’s stock worth $89,985,000 after buying an additional 1,161,600 shares during the period. Pentwater Capital Management LP bought a new stake in HashiCorp during the 2nd quarter valued at about $91,654,000. Finally, Magnetar Financial LLC bought a new stake in HashiCorp during the 2nd quarter valued at about $71,490,000. Institutional investors own 87.83% of the company’s stock.
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.
Further Reading
- Five stocks we like better than HashiCorp
- Business Services Stocks Investing
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Are Penny Stocks a Good Fit for Your Portfolio?
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- What Investors Need to Know to Beat the Market
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for HashiCorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HashiCorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.