HashiCorp (HCP) Set to Announce Earnings on Thursday

HashiCorp (NASDAQ:HCP - Get Free Report) will release its earnings data after the market closes on Thursday, December 5th. Analysts expect HashiCorp to post earnings of $0.05 per share for the quarter.

HashiCorp (NASDAQ:HCP - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business had revenue of $165.14 million for the quarter, compared to analyst estimates of $157.22 million. During the same quarter in the previous year, the business posted ($0.34) EPS. The business's quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts expect HashiCorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

HashiCorp Trading Down 0.6 %

NASDAQ:HCP traded down $0.19 during trading hours on Thursday, hitting $33.58. The stock had a trading volume of 4,369,276 shares, compared to its average volume of 2,984,919. The company has a market cap of $6.81 billion, a PE ratio of -44.77 and a beta of 1.24. The business has a 50 day simple moving average of $33.86 and a two-hundred day simple moving average of $33.70. HashiCorp has a 1-year low of $19.26 and a 1-year high of $34.21.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HCP. StockNews.com started coverage on shares of HashiCorp in a research report on Saturday, November 23rd. They issued a "hold" rating for the company. Citigroup assumed coverage on HashiCorp in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $35.00 price target for the company. JMP Securities restated a "market perform" rating on shares of HashiCorp in a research note on Monday, September 16th. Finally, Piper Sandler reiterated a "neutral" rating and set a $35.00 target price on shares of HashiCorp in a research note on Friday, August 30th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $32.08.

Insider Buying and Selling at HashiCorp

In other news, CTO Armon Dadgar sold 35,903 shares of HashiCorp stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.90, for a total transaction of $1,217,111.70. Following the sale, the chief technology officer now owns 1,520,000 shares of the company's stock, valued at approximately $51,528,000. The trade was a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Marc Holmes sold 13,916 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total value of $470,360.80. Following the completion of the transaction, the chief marketing officer now directly owns 4,368 shares of the company's stock, valued at $147,638.40. This trade represents a 76.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 366,208 shares of company stock worth $12,391,868 over the last ninety days. Company insiders own 22.49% of the company's stock.

HashiCorp Company Profile

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.