HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) CTO Armon Dadgar sold 35,904 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $33.84, for a total value of $1,214,991.36. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at $51,436,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Armon Dadgar also recently made the following trade(s):
- On Monday, September 23rd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.80, for a total transaction of $1,213,555.20.
- On Friday, September 20th, Armon Dadgar sold 22,779 shares of HashiCorp stock. The stock was sold at an average price of $33.84, for a total transaction 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 stock was 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 shares were 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 stock was sold at an average price of $33.50, for a total transaction of $1,202,784.00.
HashiCorp Stock Performance
HCP opened at $33.93 on Friday. The company has a market capitalization of $6.82 billion, a P/E ratio of -35.34 and a beta of 1.25. The company has a 50-day moving average of $33.80 and a 200-day moving average of $32.17. HashiCorp, Inc. has a 1-year low of $18.91 and a 1-year high of $34.06.
Analysts Set New Price Targets
A number of analysts recently weighed in on HCP shares. Citigroup initiated coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price target for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 target price on shares of HashiCorp in a research report on Friday, August 30th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Finally, StockNews.com assumed coverage on HashiCorp in a report on Monday, September 30th. They issued a “hold” rating for the company. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.08.
Get Our Latest Stock Analysis on HashiCorp
Institutional Investors Weigh In On HashiCorp
Several institutional investors and hedge funds have recently made changes to their positions in HCP. American Capital Advisory LLC acquired a new position in HashiCorp in the second quarter worth $40,000. Advisors Asset Management Inc. lifted its position in shares of HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after buying an additional 961 shares during the last quarter. Covestor Ltd boosted its holdings in shares of HashiCorp by 12,888.9% in 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 during the period. Quest Partners LLC grew its position in shares of HashiCorp by 9,736.1% during the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock valued at $119,000 after buying an additional 3,505 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in HashiCorp during the second quarter worth about $208,000. 87.83% of the stock is owned by institutional investors and hedge funds.
About HashiCorp
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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