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

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $33.34, for a total transaction of $1,197,039.36. Following the transaction, the chief technology officer now directly owns 1,553,452 shares in the company, valued at $51,792,089.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 shares were 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 value 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 Stock Up 0.2 %

HCP stock opened at $33.32 on Friday. The stock’s 50 day moving average price is $29.05 and its 200 day moving average price is $25.06. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $36.39.

HashiCorp (NASDAQ:HCP) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates 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. On average, research analysts expect that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HCP has been the topic of several recent research reports. Truist Financial reissued a “hold” rating and issued a $35.00 price objective (up from $27.00) on shares of HashiCorp in a research note on Thursday, April 25th. Needham & Company LLC reiterated a “hold” rating on shares of HashiCorp in a research report on Thursday, April 25th. JMP Securities restated a “market outperform” rating and issued a $38.00 price target on shares of HashiCorp in a research note on Thursday, March 7th. William Blair cut HashiCorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 24th. Finally, KeyCorp started coverage on shares of HashiCorp in a research note on Tuesday, March 19th. They set a “sector weight” rating on the stock. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.77.

Hedge Funds Weigh In On HashiCorp

Institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in HashiCorp by 35.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock worth $54,000 after buying an additional 615 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of HashiCorp by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after acquiring an additional 961 shares during the period. Covestor Ltd boosted its position in shares of HashiCorp by 12,888.9% in the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after acquiring an additional 3,480 shares during the last quarter. Industry Ventures L.L.C. purchased a new stake in HashiCorp in the fourth quarter valued at approximately $157,000. Finally, Victory Capital Management Inc. increased its position in HashiCorp by 35.5% during the third quarter. Victory Capital Management Inc. now owns 10,576 shares of the company’s stock worth $241,000 after purchasing an additional 2,768 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

About HashiCorp

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.