HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes Sells 13,916 Shares

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,916 shares of HashiCorp stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $26.30, for a total transaction of $365,990.80. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, March 21st, Marc Holmes sold 8,009 shares of HashiCorp stock. The stock was sold at an average price of $27.38, for a total transaction of $219,286.42.
• On Monday, February 12th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $24.99, for a total transaction of $347,760.84.

HashiCorp Stock Down 5.9 %

Shares of HCP stock traded down $1.55 during mid-day trading on Friday, hitting $24.55. The company’s stock had a trading volume of 1,863,469 shares, compared to its average volume of 2,350,116. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $36.39. The business has a 50-day moving average price of $25.44 and a 200 day moving average price of $23.14.

HashiCorp (NASDAQ:HCP) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.06. HashiCorp had a negative return on equity of 15.58% and a negative net margin of 32.70%. The firm had revenue of $155.78 million during the quarter, compared to analysts’ expectations of $149.47 million. Equities analysts forecast that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of HashiCorp from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, January 22nd. StockNews.com lowered shares of HashiCorp from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Oppenheimer restated an “outperform” rating and set a $34.00 price target on shares of HashiCorp in a research report on Wednesday, March 6th. Morgan Stanley upgraded shares of HashiCorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $30.00 in a research report on Monday, February 26th. Finally, Stifel Nicolaus boosted their price target on shares of HashiCorp from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.77.

Institutional Trading of HashiCorp

Several large investors have recently modified their holdings of HCP. JPMorgan Chase & Co. boosted its stake in shares of HashiCorp by 48.0% in the first quarter. JPMorgan Chase & Co. now owns 11,204,309 shares of the company’s stock worth $328,175,000 after acquiring an additional 3,635,247 shares during the period. BlackRock Inc. boosted its stake in shares of HashiCorp by 215.0% in the second quarter. BlackRock Inc. now owns 4,426,683 shares of the company’s stock worth $115,891,000 after acquiring an additional 3,021,230 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of HashiCorp in the third quarter worth about $55,774,000. Price T Rowe Associates Inc. MD boosted its stake in shares of HashiCorp by 26.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,435,341 shares of the company’s stock worth $312,642,000 after acquiring an additional 2,368,102 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of HashiCorp by 78.3% in the third quarter. Vanguard Group Inc. now owns 3,187,233 shares of the company’s stock worth $102,597,000 after acquiring an additional 1,400,042 shares during the period. Institutional investors own 87.83% of the company’s stock.

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.