HashiCorp (NASDAQ:HCP - Get Free Report) is expected to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $175.85 million for the quarter.
HashiCorp Stock Performance
HashiCorp stock remained flat at $34.78 during trading hours on Friday. The company has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The company's fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $34.01. HashiCorp has a 12-month low of $23.00 and a 12-month high of $34.85.
Insider Activity at HashiCorp
In other news, CTO Armon Dadgar sold 35,903 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.58, for a total transaction of $1,205,622.74. Following the completion of the transaction, the chief technology officer now directly owns 1,520,000 shares of the company's stock, valued at approximately $51,041,600. This represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.22, for a total value of $1,626,339.72. Following the completion of the sale, the chief executive officer now directly owns 465,978 shares in the company, valued at $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,229 shares of company stock valued at $3,441,256. Corporate insiders own 22.49% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on HCP shares. JMP Securities reiterated a "market perform" rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com raised shares of HashiCorp from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $32.27.
Check Out Our Latest Analysis on HCP
HashiCorp Company Profile
(
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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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