Marc Holmes Sells 11,854 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 11,854 shares of HashiCorp stock in a transaction on Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $401,139.36. Following the completion of the sale, the chief marketing officer now owns 22,536 shares in the company, valued at approximately $762,618.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Marc Holmes also recently made the following trade(s):

• On Tuesday, September 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $33.80, for a total transaction of $470,360.80.
• On Monday, August 12th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.66, for a total transaction of $468,412.56.
• On Wednesday, July 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $33.46, for a total transaction of $465,629.36.

HashiCorp Trading Up 0.0 %

HCP stock opened at $33.83 on Wednesday. The stock’s 50 day simple moving average is $33.74 and its 200 day simple moving average is $31.84. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $34.06. The stock has a market capitalization of $6.80 billion, a PE ratio of -35.24 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share (EPS) for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business had revenue of $165.14 million for the quarter, compared to analysts’ expectations of $157.22 million. During the same quarter in the prior year, the business earned ($0.34) EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, research analysts predict that HashiCorp, Inc. will post -0.59 earnings per share for the current year.

Institutional Investors Weigh In On HashiCorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCP. American Capital Advisory LLC bought a new position in shares of HashiCorp during the 2nd quarter valued at $40,000. Advisors Asset Management Inc. lifted its holdings in HashiCorp by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after acquiring an additional 961 shares during the period. Covestor Ltd boosted its position in HashiCorp by 12,888.9% in the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after purchasing an additional 3,480 shares during the last quarter. Quest Partners LLC grew its stake 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 purchasing an additional 3,505 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of HashiCorp during the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Analyst Upgrades and Downgrades

HCP has been the subject of several research reports. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Citigroup assumed coverage on shares of HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target for the company. StockNews.com began coverage on shares of HashiCorp in a research note on Tuesday. They set a “hold” rating on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $35.00 target price on shares of HashiCorp in a research note on Friday, August 30th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.