HashiCorp, Inc. (NASDAQ:HCP) CTO Sells $1,213,555.20 in Stock

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 35,904 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $33.80, for a total value of $1,213,555.20. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at $51,376,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Armon Dadgar also recently made the following trade(s):

• On Friday, September 20th, Armon Dadgar sold 22,779 shares of HashiCorp stock. The shares were sold at an average price of $33.84, for a total value of $770,841.36.
• On Tuesday, September 3rd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.83, for a total value of $1,214,632.32.
• On Thursday, August 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.85, for a total transaction of $1,215,350.40.
• On Friday, August 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.71, for a total transaction of $1,210,323.84.
• On Monday, July 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.50, for a total transaction of $1,202,784.00.
• On Tuesday, July 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.64, for a total transaction of $1,207,810.56.

HashiCorp Trading Up 0.1 %

HCP stock opened at $33.90 on Friday. The stock has a market cap of $6.82 billion, a PE ratio of -35.28 and a beta of 1.25. The stock has a 50-day moving average price of $33.76 and a two-hundred day moving average price of $31.87. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $34.06.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The business had revenue of $165.14 million for the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. On average, analysts forecast that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HashiCorp

Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in HashiCorp by 11.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock valued at $14,821,000 after buying an additional 63,879 shares during the period. Swiss National Bank boosted its position in HashiCorp by 11.8% during the first quarter. Swiss National Bank now owns 221,600 shares of the company’s stock worth $5,972,000 after purchasing an additional 23,400 shares during the period. Contour Asset Management LLC acquired a new position in shares of HashiCorp in the fourth quarter valued at $21,217,000. GGV Capital LLC lifted its stake in shares of HashiCorp by 4.6% during the 4th quarter. GGV Capital LLC now owns 658,990 shares of the company’s stock worth $15,579,000 after buying an additional 29,064 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of HashiCorp during the 1st quarter worth about $1,070,000. Institutional investors own 87.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup assumed coverage on HashiCorp in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective for the company. StockNews.com initiated coverage on HashiCorp in a report on Tuesday. They set a “hold” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Finally, Piper Sandler reissued a “neutral” rating and set a $35.00 price objective on shares of HashiCorp in a research note on Friday, August 30th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.08.

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.