HashiCorp (NASDAQ:HCP) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of HashiCorp (NASDAQ:HCP) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.

A number of other analysts have also weighed in on HCP. JMP Securities restated a market perform rating on shares of HashiCorp in a research report on Monday, September 16th. Citigroup initiated coverage on HashiCorp in a report on Tuesday, September 3rd. They set a neutral rating and a $35.00 price target on the stock. Finally, Piper Sandler reissued a neutral rating and set a $35.00 target price on shares of HashiCorp in a research note on Friday, August 30th. 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.com, the company currently has a consensus rating of Hold and an average price target of $32.08.

HashiCorp Stock Up 0.1 %

Shares of NASDAQ:HCP opened at $33.86 on Friday. HashiCorp has a 12-month low of $18.91 and a 12-month high of $34.06. The company’s 50 day moving average price is $33.84 and its two-hundred day moving average price is $32.57. The firm has a market cap of $6.81 billion, a PE ratio of -35.27 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last released its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $165.14 million during the quarter, compared to the consensus estimate of $157.22 million. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.34) EPS. On average, research analysts expect that HashiCorp will post -0.48 EPS for the current year.

Insider Buying and Selling at HashiCorp

In related news, CFO Navam Welihinda sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $33.87, for a total transaction of $169,350.00. Following the completion of the transaction, the chief financial officer now directly owns 88,322 shares in the company, valued at $2,991,466.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other HashiCorp news, insider Ledger Susan St. sold 22,232 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $752,330.88. Following the completion of the sale, the insider now directly owns 167,747 shares in the company, valued at $5,676,558.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Navam Welihinda sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $33.87, for a total value of $169,350.00. Following the completion of the sale, the chief financial officer now directly owns 88,322 shares of the company’s stock, valued at approximately $2,991,466.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 390,125 shares of company stock valued at $13,178,494 in the last quarter. 22.49% of the stock is currently owned by corporate insiders.

Institutional Trading of HashiCorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Capital Advisory LLC purchased a new position in shares of HashiCorp during the second quarter valued at approximately $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of HashiCorp during the third quarter valued at approximately $51,000. Advisors Asset Management Inc. raised its holdings in HashiCorp by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after purchasing an additional 961 shares in the last quarter. Covestor Ltd boosted its holdings in shares of HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after buying an additional 3,480 shares in the last quarter. Finally, Quest Partners LLC increased its stake 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 acquiring an additional 3,505 shares in the last quarter. 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.