HashiCorp, Inc. (NASDAQ:HCP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of HashiCorp, Inc. (NASDAQ:HCPGet Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.08.

HCP has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of HashiCorp from $30.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, December 8th. TD Cowen restated a “market perform” rating and issued a $23.00 price target (down from $28.00) on shares of HashiCorp in a research report on Friday, December 8th. Citigroup upped their price target on HashiCorp from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, January 22nd. BTIG Research lowered their price objective on HashiCorp from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, December 8th. Finally, StockNews.com lowered HashiCorp from a “hold” rating to a “sell” rating in a research report on Friday, January 12th.

Check Out Our Latest Stock Report on HashiCorp

HashiCorp Trading Up 0.0 %

Shares of HashiCorp stock opened at $24.74 on Tuesday. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -22.91 and a beta of 1.30. HashiCorp has a 12-month low of $18.91 and a 12-month high of $36.39. The firm’s 50 day simple moving average is $22.85 and its two-hundred day simple moving average is $23.60.

HashiCorp (NASDAQ:HCPGet Free Report) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. The firm had revenue of $146.10 million for the quarter, compared to analyst estimates of $143.21 million. HashiCorp had a negative net margin of 37.01% and a negative return on equity of 17.20%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) earnings per share. On average, sell-side analysts predict that HashiCorp will post -1 EPS for the current fiscal year.

Insiders Place Their Bets

In other HashiCorp news, CEO David Mcjannet sold 200,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $25.01, for a total value of $5,002,000.00. Following the transaction, the chief executive officer now owns 176,165 shares in the company, valued at approximately $4,405,886.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Navam Welihinda sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the chief financial officer now owns 62,458 shares in the company, valued at approximately $1,561,450. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Mcjannet sold 200,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $25.01, for a total transaction of $5,002,000.00. Following the completion of the sale, the chief executive officer now owns 176,165 shares in the company, valued at approximately $4,405,886.65. The disclosure for this sale can be found here. Insiders have sold 767,118 shares of company stock worth $17,777,045 in the last quarter. 26.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HashiCorp

Several institutional investors and hedge funds have recently bought and sold shares of HCP. Bank of New York Mellon Corp acquired a new stake in HashiCorp during the first quarter worth about $2,742,000. Great West Life Assurance Co. Can acquired a new stake in HashiCorp during the first quarter worth about $3,795,000. Blair William & Co. IL acquired a new stake in HashiCorp during the first quarter worth about $273,000. Vanguard Group Inc. raised its stake in HashiCorp by 21.9% during the first quarter. Vanguard Group Inc. now owns 1,278,704 shares of the company’s stock worth $69,050,000 after acquiring an additional 229,768 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in HashiCorp during the first quarter worth about $2,722,000. Institutional investors and hedge funds own 45.93% of the company’s stock.

HashiCorp Company Profile

(Get Free Report

HashiCorp, Inc provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data.

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Analyst Recommendations for HashiCorp (NASDAQ:HCP)

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