HashiCorp, Inc. (NASDAQ:HCP) CTO Sells $1,213,555.20 in Stock

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $33.80, for a total value of $1,213,555.20. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,376,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, September 20th, Armon Dadgar sold 22,779 shares of HashiCorp stock. The shares were 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 shares were sold at an average price of $33.85, for a total transaction of $1,215,350.40.
• On Friday, August 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.71, for a total transaction of $1,210,323.84.
• On Monday, July 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.50, for a total transaction of $1,202,784.00.
• On Tuesday, July 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.64, for a total transaction of $1,207,810.56.

HashiCorp Trading Up 0.1 %

NASDAQ:HCP opened at $33.87 on Friday. The company has a market cap of $6.81 billion, a PE ratio of -35.28 and a beta of 1.25. The company has a 50 day simple moving average of $33.75 and a two-hundred day simple moving average of $31.85. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $34.06.

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

Institutional Investors Weigh In On HashiCorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Capital Advisory LLC bought a new stake in HashiCorp during the second quarter valued at approximately $40,000. Advisors Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 961 shares during the last quarter. Covestor Ltd grew its position in shares of HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after acquiring an additional 3,480 shares during the period. Quest Partners LLC grew 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 period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of HashiCorp in the 2nd quarter worth $208,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HCP has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. StockNews.com started coverage on HashiCorp in a report on Tuesday. They set a “hold” rating for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 price target on shares of HashiCorp in a research report on Friday, August 30th. Finally, Citigroup assumed coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, HashiCorp currently has an average rating of “Hold” and a consensus price target of $32.08.

About HashiCorp

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.