HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar Sells 35,904 Shares

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $33.82, for a total value of $1,214,273.28. Following the completion of the sale, the chief technology officer now directly owns 1,520,000 shares in the company, valued at $51,406,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, October 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.84, for a total value of $1,214,991.36.
• On Monday, September 23rd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.80, for a total value 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 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 stock was sold at an average price of $33.85, for a total value 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 value of $1,210,323.84.

HashiCorp Stock Performance

Shares of NASDAQ HCP traded down $0.12 during trading on Wednesday, reaching $33.69. The stock had a trading volume of 2,524,063 shares, compared to its average volume of 3,165,387. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.06. The business’s 50-day moving average price is $33.85 and its 200-day moving average price is $32.85. The company has a market cap of $6.77 billion, a P/E ratio of -35.22 and a beta of 1.25.

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

Institutional Investors Weigh In On HashiCorp

A number of institutional investors have recently modified their holdings of HCP. American Capital Advisory LLC acquired a new position in HashiCorp during the 2nd quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in HashiCorp during the 3rd quarter worth $51,000. Advisors Asset Management Inc. grew its stake in HashiCorp by 43.0% during the 1st 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 grew its stake in HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after purchasing an additional 3,480 shares in the last quarter. Finally, Quest Partners LLC grew its stake in HashiCorp by 9,736.1% during the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after purchasing an additional 3,505 shares in the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Piper Sandler reiterated a “neutral” rating and set a $35.00 price objective on shares of HashiCorp in a research report on Friday, August 30th. StockNews.com began coverage on HashiCorp in a research report on Friday, October 18th. They issued a “hold” rating on the stock. Finally, Citigroup began coverage on HashiCorp in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.