HashiCorp (HCP) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for HashiCorp in the last twelve months. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HCP shares.
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15 Wall Street research analysts have issued 12 month price targets for HashiCorp's shares. Their HCP share price forecasts range from $26.00 to $43.00. On average, they anticipate the company's stock price to reach $34.87 in the next twelve months. This suggests a possible upside of 55.0% from the stock's current price.
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HashiCorp's stock was trading at $27.34 at the start of the year. Since then, HCP shares have decreased by 17.7% and is now trading at $22.49.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
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HashiCorp, Inc. (NASDAQ:HCP) posted its quarterly earnings results on Thursday, August, 31st. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.38) by $0.04. The company had revenue of $143.25 million for the quarter, compared to the consensus estimate of $138.37 million. HashiCorp had a negative trailing twelve-month return on equity of 19.94% and a negative net margin of 44.42%.

ETFs with the largest weight of HashiCorp (NASDAQ:HCP) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), Jacob Forward ETF (JFWD), First Trust Cloud Computing ETF (SKYY), Fidelity Disruptive Technology ETF (FDTX), ALPS O'Shares Global Internet Giants ETF (OGIG), Wedbush ETFMG Global Cloud Technology ETF (IVES), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Renaissance IPO ETF (IPO).

HashiCorp updated its third quarter 2024 earnings guidance on Tuesday, September, 5th. The company provided earnings per share (EPS) guidance of -$0.05--$0.03 for the period, compared to the consensus EPS estimate of -$0.04. The company issued revenue guidance of $142.00 million-$144.00 million, compared to the consensus revenue estimate of $141.74 million.

(HCP) raised $1.1 billion in an initial public offering on Thursday, December 9th 2021. The company issued 15,300,000 shares at a price of $68.00-$72.00 per share.

HashiCorp trades on the NASDAQ under the ticker symbol "HCP."

HashiCorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (10.51%), JPMorgan Chase & Co. (5.82%), Baillie Gifford & Co. (3.85%), BlackRock Inc. (2.31%), Marshall Wace LLP (0.86%) and State Street Corp (0.75%). Insiders that own company stock include Armon Dadgar, Brandon Sweeney, David J Henshall, David Mcjannet, Ggv Capital Select LLC, Glenn Solomon, Ledger Susan St, Marc Holmes, Navam Welihinda, Sigal Zarmi and Xiv A Cayman Islands Mayfield.
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Shares of HCP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HCP stock can currently be purchased for approximately $22.49.

HashiCorp (NASDAQ:HCP) has a market capitalization of $4.36 billion and generates $475.89 million in revenue each year. The company earns $-274,300,000.00 in net income (profit) each year or ($1.26) on an earnings per share basis.

The company employs 2,400 workers across the globe.

HashiCorp's mailing address is 101 Second Street, Suite 700, San Francisco, CA 94105 United States. The official website for the company is www.hashicorp.com. The company can be reached via phone at 415-301-3227 or via email at ir@hashicorp.com.