HashiCorp (NASDAQ:HCP) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of HashiCorp (NASDAQ:HCP) in a report published on Wednesday. The firm issued a hold rating on the stock.

Several other equities research analysts also recently weighed in on the stock. JMP Securities reaffirmed a market perform rating on shares of HashiCorp in a research note on Monday, September 16th. Piper Sandler reaffirmed a neutral rating and set a $35.00 price objective on shares of HashiCorp in a research report on Friday, August 30th. Finally, Citigroup began coverage on HashiCorp in a report on Tuesday, September 3rd. They issued a neutral rating and a $35.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $32.08.

HashiCorp Trading Down 0.1 %

Shares of NASDAQ HCP opened at $33.89 on Wednesday. The stock has a market capitalization of $6.81 billion, a PE ratio of -35.30 and a beta of 1.25. HashiCorp has a twelve month low of $18.91 and a twelve month high of $34.06. The stock has a fifty day simple moving average of $33.73 and a 200-day simple moving average of $31.70.

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

Insider Transactions at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 21,137 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $33.48, for a total transaction of $707,666.76. Following the sale, the chief technology officer now owns 23,234 shares of the company’s stock, valued at $777,874.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other HashiCorp news, CTO Armon Dadgar sold 21,137 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $33.48, for a total transaction of $707,666.76. Following the transaction, the chief technology officer now owns 23,234 shares of the company’s stock, valued at $777,874.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ledger Susan St. sold 3,264 shares of the business’s stock in a transaction dated 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 directly owns 146,242 shares of the company’s stock, valued at $4,891,794.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 286,794 shares of company stock valued at $9,650,892. Corporate insiders own 22.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Capital Advisory LLC purchased a new position in shares of HashiCorp during the second quarter worth about $40,000. Advisors Asset Management Inc. lifted its position in 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 period. Covestor Ltd grew its stake in shares of HashiCorp by 12,888.9% in the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after purchasing an additional 3,480 shares during the last quarter. Quest Partners LLC increased its holdings in shares of HashiCorp by 9,736.1% in the second 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 acquired a new position in shares of HashiCorp in the second quarter valued at approximately $208,000. 87.83% of the stock is owned by hedge funds and other institutional investors.

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.