Shares of HashiCorp, Inc. (NASDAQ:HCP - Get Free Report) have been given a consensus recommendation of "Hold" by the fourteen research firms that are currently covering the company, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.08.
HCP has been the subject of a number of research analyst reports. StockNews.com assumed coverage on shares of HashiCorp in a research report on Thursday. They set a "hold" rating for the company. Piper Sandler reiterated a "neutral" rating and issued a $35.00 price target on shares of HashiCorp in a research note on Friday, August 30th. JMP Securities reissued a "market perform" rating on shares of HashiCorp in a report on Monday, September 16th. Finally, Citigroup initiated coverage on HashiCorp in a report on Tuesday, September 3rd. They set a "neutral" rating and a $35.00 price objective for the company.
Read Our Latest Stock Analysis on HashiCorp
HashiCorp Stock Down 0.4 %
Shares of HCP stock traded down $0.14 on Monday, reaching $33.64. The stock had a trading volume of 2,789,288 shares, compared to its average volume of 2,942,100. HashiCorp has a 12 month low of $20.42 and a 12 month high of $34.21. The firm's 50-day moving average is $33.83 and its two-hundred day moving average is $33.73.
Insiders Place Their Bets
In related news, CEO David Mcjannet sold 48,055 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $1,626,181.20. Following the completion of the sale, the chief executive officer now directly owns 419,531 shares in the company, valued at $14,196,929.04. This represents a 10.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $1,205,622.74. Following the completion of the sale, the chief technology officer now owns 1,520,000 shares in the company, valued at $51,041,600. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,207 shares of company stock valued at $12,382,858. 22.49% of the stock is currently owned by insiders.
Hedge Funds Weigh In On HashiCorp
Hedge funds and other institutional investors have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC bought a new stake in shares of HashiCorp in the 3rd quarter valued at $38,000. American Capital Advisory LLC acquired a new stake in HashiCorp in the second quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in HashiCorp in the third quarter valued at $51,000. Quest Partners LLC raised its holdings in shares of HashiCorp by 9,736.1% during the second quarter. Quest Partners LLC now owns 3,541 shares of the company's stock valued at $119,000 after purchasing an additional 3,505 shares during the period. Finally, KBC Group NV boosted its position in shares of HashiCorp by 25.8% during the 3rd quarter. KBC Group NV now owns 3,563 shares of the company's stock worth $121,000 after purchasing an additional 731 shares in the last quarter. Institutional investors and hedge funds own 86.25% of the company's stock.
HashiCorp Company Profile
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Get Free ReportHashiCorp, 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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