Insider Selling: HashiCorp, Inc. (NASDAQ:HCP) CMO Sells $401,139.36 in Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 11,854 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $401,139.36. Following the completion of the transaction, the chief marketing officer now directly owns 22,536 shares of the company’s stock, valued at $762,618.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 24th, Marc Holmes sold 13,782 shares of HashiCorp stock. The stock was sold at an average price of $33.81, for a total value of $465,969.42.
• On Tuesday, September 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.80, for a total value 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 value 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 %

Shares of HashiCorp stock opened at $33.84 on Thursday. The business’s fifty day simple moving average is $33.75 and its 200 day simple moving average is $31.85. The firm has a market capitalization of $6.80 billion, a P/E ratio of -35.25 and a beta of 1.25. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $34.06.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings data 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 analyst estimates of $157.22 million. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.34) EPS. Analysts predict that HashiCorp, Inc. will post -0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

HCP has been the topic of a number of research analyst reports. StockNews.com started coverage on shares of HashiCorp in a research report on Tuesday. They issued a “hold” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Piper Sandler reiterated a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Finally, Citigroup began coverage on HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price on the stock. Twelve investment 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 currently has a consensus rating of “Hold” and an average price target of $32.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in shares of HashiCorp by 11.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock valued at $14,821,000 after purchasing an additional 63,879 shares during the period. Swiss National Bank increased its position in shares of HashiCorp by 11.8% during the first quarter. Swiss National Bank now owns 221,600 shares of the company’s stock valued at $5,972,000 after buying an additional 23,400 shares during the period. Contour Asset Management LLC purchased a new stake in shares of HashiCorp in the fourth quarter worth about $21,217,000. GGV Capital LLC boosted its position in shares of HashiCorp by 4.6% in the fourth quarter. GGV Capital LLC now owns 658,990 shares of the company’s stock valued at $15,579,000 after acquiring an additional 29,064 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in HashiCorp during the first quarter valued at approximately $1,070,000. 87.83% of the stock is owned by 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.