HashiCorp, Inc. (NASDAQ:HCP) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 37.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,952 shares of the company’s stock after selling 136,029 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.11% of HashiCorp worth $7,583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in HashiCorp by 14.0% in 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 raised its position in shares of HashiCorp by 293.2% in 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 buying an additional 3,404,557 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its stake in shares of HashiCorp by 53.3% in the first 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 in the last quarter. Pentwater Capital Management LP acquired a new position in HashiCorp during the second quarter worth about $91,654,000. Finally, Magnetar Financial LLC purchased a new stake in HashiCorp during the 2nd quarter valued at about $71,490,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

HashiCorp Stock Performance

HashiCorp stock opened at $33.87 on Friday. The firm has a 50 day moving average price of $33.87 and a 200 day moving average price of $33.66. HashiCorp, Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $34.21. The company has a market capitalization of $6.87 billion, a PE ratio of -45.16 and a beta of 1.24.

HashiCorp (NASDAQ:HCP) last posted 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 firm had revenue of $165.14 million for the quarter, compared to the consensus estimate of $157.22 million. During the same quarter in the previous year, the business earned ($0.34) EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts forecast that HashiCorp, Inc. will post -0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HCP shares. StockNews.com started coverage on shares of HashiCorp in a research note on Sunday, November 17th. They issued a “hold” rating on the stock. JMP Securities reiterated 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 issued a “neutral” rating and a $35.00 target price for the company. Finally, Piper Sandler reiterated a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.08.

Insider Transactions at HashiCorp

In related news, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $33.83, for a total transaction of $1,214,632.32. Following the completion of the transaction, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at $51,421,600. The trade was a 2.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Mcjannet sold 48,055 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $33.84, for a total value of $1,626,181.20. Following the completion of the sale, the chief executive officer now directly owns 419,531 shares in the company, valued at $14,196,929.04. This represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 330,305 shares of company stock valued at $11,174,756. 22.49% of the stock is currently owned by corporate insiders.

HashiCorp 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.