StockNews.com assumed coverage on shares of HashiCorp (NASDAQ:HCP - Free Report) in a report released on Tuesday. The brokerage issued a hold rating on the stock.
A number of other research firms also recently commented on HCP. Bank of America lifted their target price on HashiCorp from $28.00 to $32.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. William Blair downgraded HashiCorp from an outperform rating to a market perform rating in a research report on Wednesday, April 24th. Stifel Nicolaus boosted their price objective on HashiCorp from $26.00 to $28.00 and gave the company a buy rating in a report on Wednesday, March 6th. TD Cowen raised their target price on HashiCorp from $23.00 to $26.00 and gave the stock a market perform rating in a report on Wednesday, March 6th. Finally, JMP Securities reissued a market perform rating on shares of HashiCorp in a report on Thursday, June 6th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $31.17.
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HashiCorp Trading Down 0.1 %
Shares of NASDAQ:HCP traded down $0.04 during trading on Tuesday, reaching $33.62. The stock had a trading volume of 1,557,740 shares, compared to its average volume of 3,694,060. The company has a market capitalization of $6.76 billion, a P/E ratio of -35.02 and a beta of 1.25. The firm's 50-day simple moving average is $33.24 and its 200 day simple moving average is $27.48. HashiCorp has a one year low of $18.91 and a one year high of $34.05.
HashiCorp (NASDAQ:HCP - Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. HashiCorp had a negative return on equity of 14.27% and a negative net margin of 31.13%. The firm had revenue of $160.58 million during the quarter, compared to analyst estimates of $153.39 million. Equities research analysts forecast that HashiCorp will post -0.8 earnings per share for the current fiscal year.
Insider Buying and Selling at HashiCorp
In other HashiCorp news, CMO Marc Holmes sold 13,916 shares of HashiCorp stock in a transaction on Monday, June 10th. The stock was sold at an average price of $33.74, for a total value of $469,525.84. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CMO Marc Holmes sold 13,916 shares of the business's stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $33.74, for a total value of $469,525.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Mcjannet sold 48,055 shares of the company's stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $33.26, for a total transaction of $1,598,309.30. Following the completion of the transaction, the chief executive officer now owns 373,330 shares in the company, valued at $12,416,955.80. The disclosure for this sale can be found here. Insiders have sold 359,266 shares of company stock worth $11,517,392 in the last ninety days. 22.49% of the stock is owned by insiders.
Institutional Trading of HashiCorp
Several hedge funds have recently made changes to their positions in HCP. Advisors Asset Management Inc. boosted its holdings in HashiCorp by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company's stock valued at $86,000 after purchasing an additional 961 shares during the period. Covestor Ltd boosted its stake in shares of HashiCorp by 12,888.9% in the 1st quarter. Covestor Ltd now owns 3,507 shares of the company's stock valued at $95,000 after buying an additional 3,480 shares during the period. Industry Ventures L.L.C. acquired a new position in shares of HashiCorp during the fourth quarter worth about $157,000. SVB Wealth LLC purchased a new stake in shares of HashiCorp during the fourth quarter worth approximately $273,000. Finally, Aristides Capital LLC purchased a new stake in shares of HashiCorp during the fourth quarter worth approximately $286,000. Institutional investors and hedge funds own 87.83% of the company's stock.
About HashiCorp
(
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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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