HashiCorp, Inc. (NASDAQ:HCP - Get Free Report) CMO Marc Holmes sold 13,916 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $26.30, for a total value of $365,990.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value 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 value of $347,760.84.
HashiCorp Price Performance
Shares of HCP traded down $1.55 during trading hours on Friday, hitting $24.55. The stock had a trading volume of 1,863,469 shares, compared to its average volume of 2,350,116. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $36.39. The firm has a market capitalization of $4.90 billion, a PE ratio of -25.05 and a beta of 1.42. The stock has a fifty day moving average price of $25.47 and a 200 day moving average price of $23.15.
HashiCorp (NASDAQ:HCP - Get Free Report) last released 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. The company had revenue of $155.78 million for the quarter, compared to the consensus estimate of $149.47 million. HashiCorp had a negative return on equity of 15.58% and a negative net margin of 32.70%. As a group, analysts anticipate that HashiCorp, Inc. will post -0.8 EPS for the current fiscal year.
Hedge Funds Weigh In On HashiCorp
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Treasurer of the State of North Carolina lifted its position in shares of HashiCorp by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company's stock valued at $1,020,000 after acquiring an additional 420 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of HashiCorp by 0.3% in the second quarter. State of Wisconsin Investment Board now owns 154,892 shares of the company's stock valued at $4,055,000 after acquiring an additional 540 shares in the last quarter. Citigroup Inc. lifted its position in shares of HashiCorp by 167.6% in the fourth quarter. Citigroup Inc. now owns 918 shares of the company's stock valued at $25,000 after acquiring an additional 575 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of HashiCorp by 35.4% in the third 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 in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of HashiCorp in the first quarter valued at about $33,000. 87.83% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on HCP shares. Stifel Nicolaus raised their target price on HashiCorp from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Citigroup raised their price objective on HashiCorp from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Monday, January 22nd. Bank of America raised their price objective on HashiCorp from $24.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, March 6th. KeyCorp initiated coverage on HashiCorp in a report on Tuesday, March 19th. They issued a "sector weight" rating for the company. Finally, TD Cowen lifted their target price on HashiCorp from $23.00 to $26.00 and gave the stock a "market perform" rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.77.
Read Our Latest Analysis on HCP
HashiCorp Company Profile
(
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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