HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) 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.
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.
Check Out Our Latest Analysis on HashiCorp
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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