StockNews.com started coverage on shares of HashiCorp (NASDAQ:HCP – Free Report) in a research report released on Wednesday. The brokerage issued a hold rating on the stock.
Several other research analysts have also commented on the company. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a research report on Friday, August 30th. Citigroup started coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target for the company. Finally, JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.08.
HashiCorp Trading Up 0.1 %
HashiCorp (NASDAQ:HCP – Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $157.22 million. During the same quarter last year, the company posted ($0.34) earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, analysts forecast that HashiCorp will post -0.48 earnings per share for the current fiscal year.
Insider Buying and Selling
In other HashiCorp news, CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $33.82, for a total value of $1,214,273.28. Following the sale, the chief technology officer now owns 1,520,000 shares of the company’s stock, valued at approximately $51,406,400. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Marc Holmes sold 13,916 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $33.66, for a total value of $468,412.56. Following the completion of the sale, the chief marketing officer now owns 4,368 shares in the company, valued at $147,026.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $33.82, for a total transaction of $1,214,273.28. Following the sale, the chief technology officer now directly owns 1,520,000 shares in the company, valued at approximately $51,406,400. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,125 shares of company stock valued at $13,022,483 over the last ninety days. Corporate insiders own 22.49% of the company’s stock.
Institutional Investors Weigh In On HashiCorp
Institutional investors have recently modified their holdings of the company. American Capital Advisory LLC purchased a new position in HashiCorp in the 2nd quarter valued at approximately $40,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of HashiCorp in the third quarter valued at $51,000. Advisors Asset Management Inc. increased its position in shares of HashiCorp by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after buying an additional 961 shares in the last quarter. Covestor Ltd raised its stake in shares of 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 buying an additional 3,480 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of HashiCorp by 9,736.1% in the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after buying an additional 3,505 shares in the last quarter. Hedge funds and other 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.
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