HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar Sells 35,904 Shares

HashiCorp, Inc. (NASDAQ:HCPGet Free Report) CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $33.34, for a total value of $1,197,039.36. Following the completion of the sale, the chief technology officer now owns 1,553,452 shares in the company, valued at approximately $51,792,089.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, May 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $32.72, for a total transaction of $1,174,778.88.
  • On Monday, April 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $24.31, for a total value of $872,826.24.
  • On Tuesday, April 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $25.69, for a total transaction of $922,373.76.
  • On Thursday, March 21st, Armon Dadgar sold 10,241 shares of HashiCorp stock. The stock was sold at an average price of $27.39, for a total value of $280,500.99.

HashiCorp Trading Down 0.2 %

Shares of NASDAQ HCP traded down $0.08 during trading on Thursday, reaching $33.27. The company had a trading volume of 5,077,567 shares, compared to its average volume of 3,716,960. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $36.39. The stock has a 50-day moving average price of $28.90 and a two-hundred day moving average price of $25.00. The stock has a market capitalization of $6.64 billion, a PE ratio of -33.95 and a beta of 1.25.

HashiCorp (NASDAQ:HCPGet Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.06. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. The firm had revenue of $155.78 million during the quarter, compared to the consensus estimate of $149.47 million. On average, sell-side analysts predict that HashiCorp, Inc. will post -0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HCP. StockNews.com initiated coverage on shares of HashiCorp in a research note on Tuesday. They set a “hold” rating for the company. Morgan Stanley raised HashiCorp from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $23.00 to $30.00 in a report on Monday, February 26th. BTIG Research cut shares of HashiCorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 24th. Scotiabank restated a “sector perform” rating and set a $35.00 price objective (up previously from $31.00) on shares of HashiCorp in a research report on Thursday, April 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of HashiCorp in a report on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.77.

Check Out Our Latest Stock Report on HCP

Institutional Trading of HashiCorp

Hedge funds have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of HashiCorp by 35.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock valued at $54,000 after acquiring an additional 615 shares during the last quarter. Advisors Asset Management Inc. raised its stake in HashiCorp by 43.0% during the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after purchasing an additional 961 shares during the period. Covestor Ltd raised its stake in HashiCorp by 12,888.9% during the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after purchasing an additional 3,480 shares during the period. Industry Ventures L.L.C. acquired a new position in shares of HashiCorp in the 4th quarter valued at $157,000. Finally, Victory Capital Management Inc. grew its stake in shares of HashiCorp by 35.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,576 shares of the company’s stock valued at $241,000 after buying an additional 2,768 shares during the period. Institutional investors and hedge funds own 87.83% of the company’s stock.

About HashiCorp

(Get Free Report)

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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Insider Buying and Selling by Quarter for HashiCorp (NASDAQ:HCP)

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