HashiCorp, Inc. (NASDAQ:HCP) CEO David Mcjannet Sells 47,526 Shares

HashiCorp, Inc. (NASDAQ:HCP - Get Free Report) CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the transaction, the chief executive officer now directly owns 465,978 shares in the company, valued at approximately $15,945,767.16. This trade represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

HashiCorp Trading Down 0.1 %

HashiCorp stock traded down $0.03 during midday trading on Monday, hitting $34.24. The stock had a trading volume of 1,350,334 shares, compared to its average volume of 2,961,617. The business has a fifty day moving average price of $33.83 and a 200 day moving average price of $33.76. HashiCorp, Inc. has a 12 month low of $20.89 and a 12 month high of $34.33. The stock has a market cap of $7.00 billion, a P/E ratio of -56.13 and a beta of 1.21.

Institutional Investors Weigh In On HashiCorp

Institutional investors have recently made changes to their positions in the company. Xponance Inc. grew its position in shares of HashiCorp by 3.1% during the 2nd quarter. Xponance Inc. now owns 10,271 shares of the company's stock valued at $346,000 after buying an additional 305 shares during the last quarter. KBC Group NV boosted its stake in HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company's stock valued at $121,000 after acquiring an additional 731 shares during the period. Victory Capital Management Inc. grew its holdings in shares of HashiCorp by 4.8% during the third quarter. Victory Capital Management Inc. now owns 19,090 shares of the company's stock valued at $646,000 after purchasing an additional 873 shares during the last quarter. Arizona State Retirement System raised its position in shares of HashiCorp by 3.5% during the 2nd quarter. Arizona State Retirement System now owns 31,921 shares of the company's stock worth $1,075,000 after purchasing an additional 1,065 shares during the period. Finally, Longfellow Investment Management Co. LLC bought a new stake in shares of HashiCorp in the 3rd quarter worth approximately $38,000. 86.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HCP has been the topic of several analyst reports. Citigroup started coverage on HashiCorp in a report on Tuesday, September 3rd. They set a "neutral" rating and a $35.00 target price on the stock. StockNews.com started coverage on shares of HashiCorp in a research report on Monday. They set a "hold" rating on the stock. JMP Securities reaffirmed a "market perform" rating on shares of HashiCorp in a report on Monday, December 16th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $35.00 price objective on shares of HashiCorp in a report on Friday, August 30th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, HashiCorp currently has a consensus rating of "Hold" and a consensus price target of $32.08.

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.