HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $32.08.
A number of equities research analysts have weighed in on HCP shares. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Thursday, June 6th. StockNews.com initiated coverage on HashiCorp in a research report on Friday. They set a “hold” rating for the company. Citigroup started coverage on HashiCorp in a research report on Tuesday. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a research report on Friday, August 30th.
Check Out Our Latest Analysis on HashiCorp
Insiders Place Their Bets
Institutional Trading of HashiCorp
Several hedge funds have recently bought and sold shares of the stock. American Capital Advisory LLC bought a new stake in shares of HashiCorp in the second quarter worth about $40,000. Advisors Asset Management Inc. increased its stake in 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 acquiring an additional 961 shares during the last quarter. Covestor Ltd raised its holdings in shares of 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 acquiring an additional 3,480 shares in the last quarter. Quest Partners LLC boosted 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 acquiring an additional 3,505 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of HashiCorp in the second quarter valued at $208,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.
HashiCorp Price Performance
HashiCorp stock opened at $33.65 on Friday. HashiCorp has a one year low of $18.91 and a one year high of $34.05. The business’s fifty day moving average is $33.68 and its 200 day moving average is $30.99. The stock has a market capitalization of $6.77 billion, a PE ratio of -35.05 and a beta of 1.25.
HashiCorp (NASDAQ:HCP – Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The firm had revenue of $165.14 million during the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.60%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.34) earnings per share. As a group, sell-side analysts expect that HashiCorp will post -0.82 EPS for the current fiscal year.
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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