HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) CFO Navam Welihinda sold 5,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $33.87, for a total transaction of $169,350.00. Following the completion of the transaction, the chief financial officer now owns 88,322 shares of the company’s stock, valued at approximately $2,991,466.14. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Navam Welihinda also recently made the following trade(s):
- On Monday, July 22nd, Navam Welihinda sold 5,000 shares of HashiCorp stock. The shares were sold at an average price of $33.50, for a total transaction of $167,500.00.
- On Monday, June 24th, Navam Welihinda sold 17,397 shares of HashiCorp stock. The stock was sold at an average price of $33.47, for a total transaction of $582,277.59.
- On Thursday, June 20th, Navam Welihinda sold 18,271 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total value of $607,693.46.
HashiCorp Price Performance
Shares of NASDAQ HCP traded up $0.03 during midday trading on Friday, hitting $33.90. The stock had a trading volume of 1,682,910 shares, compared to its average volume of 3,454,025. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.05. The firm has a market cap of $6.82 billion, a P/E ratio of -35.31 and a beta of 1.25. The company’s 50-day simple moving average is $33.62 and its 200 day simple moving average is $30.30.
Hedge Funds Weigh In On HashiCorp
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in HashiCorp by 14.0% during the first quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock worth $329,454,000 after buying an additional 1,501,953 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in HashiCorp by 293.2% in the first quarter. Whale Rock Capital Management LLC now owns 4,565,728 shares of the company’s stock worth $123,046,000 after purchasing an additional 3,404,557 shares during the period. Jericho Capital Asset Management L.P. raised its holdings in HashiCorp by 53.3% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,338,951 shares of the company’s stock worth $89,985,000 after purchasing an additional 1,161,600 shares during the period. Optimus Prime Fund Management Co. Ltd. boosted its position in shares of HashiCorp by 50.0% during the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 2,849,100 shares of the company’s stock worth $67,353,000 after purchasing an additional 949,100 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of HashiCorp by 35.7% in the 4th quarter. First Trust Advisors LP now owns 2,722,097 shares of the company’s stock valued at $64,350,000 after buying an additional 716,574 shares during the period. 87.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have weighed in on HCP shares. Piper Sandler upped their price target on HashiCorp from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Thursday, June 6th. StockNews.com assumed coverage on shares of HashiCorp in a report on Monday. They set a “hold” rating for the company. Truist Financial reaffirmed a “hold” rating and set a $35.00 price objective (up previously from $27.00) on shares of HashiCorp in a report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of HashiCorp in a research note on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.17.
View Our Latest Research Report on HCP
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.
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