Ledger Susan St. Sells 3,264 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) insider Ledger Susan St. sold 3,264 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $33.45, for a total value of $109,180.80. Following the completion of the sale, the insider now owns 146,242 shares in the company, valued at $4,891,794.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ledger Susan St. also recently made the following trade(s):

• On Thursday, June 20th, Ledger Susan St. sold 22,366 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total value of $743,893.16.

HashiCorp Stock Performance

Shares of HCP stock opened at $33.69 on Friday. The stock’s 50-day moving average is $32.97 and its two-hundred day moving average is $27.25. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -35.09 and a beta of 1.25. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $34.05.

HashiCorp (NASDAQ:HCP) last announced its earnings results on Thursday, May 30th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. HashiCorp had a negative net margin of 31.13% and a negative return on equity of 14.27%. The business had revenue of $160.58 million during the quarter, compared to the consensus estimate of $153.39 million. As a group, research analysts predict that HashiCorp, Inc. will post -0.8 EPS for the current year.

Institutional Investors Weigh In On HashiCorp

Several hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC acquired a new stake in shares of HashiCorp during the first quarter worth about $379,000. Washington Harbour Partners LP boosted its stake in shares of HashiCorp by 72.5% during the first quarter. Washington Harbour Partners LP now owns 78,500 shares of the company’s stock worth $2,116,000 after buying an additional 33,000 shares during the period. Comerica Bank boosted its stake in shares of HashiCorp by 2.1% during the first quarter. Comerica Bank now owns 18,432 shares of the company’s stock worth $497,000 after buying an additional 374 shares during the period. California State Teachers Retirement System boosted its stake in shares of HashiCorp by 5.1% during the first quarter. California State Teachers Retirement System now owns 111,076 shares of the company’s stock worth $2,993,000 after buying an additional 5,372 shares during the period. Finally, WPWealth LLP acquired a new stake in shares of HashiCorp during the first quarter worth about $437,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

Analysts Set New Price Targets

HCP has been the topic of several analyst reports. Piper Sandler increased their price objective on HashiCorp from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Stifel Nicolaus increased their target price on HashiCorp from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. TD Cowen increased their target price on HashiCorp from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Wednesday, March 6th. Bank of America increased their target price on HashiCorp from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of HashiCorp in a report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, HashiCorp currently has an average rating of “Hold” and a consensus price target of $31.17.

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.