HashiCorp (HCP) Stock Price, News & Analysis

Company Overview

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. It also provides security products, such as Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data; and Boundary, that applies an identity-based approach to privileged access management and unifies the controls to a single system. In addition, the company offers Consul, an application-centric networking automation product that enables practitioners to manage application traffic, security teams to secure and restrict access between applications, and operations teams to automate the underlying network infrastructure; Nomad, a scheduler and workload orchestrator, which provides practitioners with a self-service interface to manage the application lifecycle; and Waypoint, an application delivery product that provides a developer-focused workflow for the build, deploy, and release process. Further, it provides HashiCorp Cloud Platform, a fully-managed cloud platform for multiple products to accelerate enterprise cloud migration by addressing resource and skills gaps, improving operational efficiency, and speeding up deployment time for customers. The company was incorporated in 2012 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $33.81 to $33.99
• 50-Day Range: $33.60 to $34.08
• 52-Week Range: $19.26 to $34.21
• Volume: 329,521 shs
• Average Volume: 2.99 million shs
• Market Capitalization: $6.89 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $32.08
• Consensus Rating: Hold

HashiCorp Stock Analysis - MarketRank™

HashiCorp scored higher than 26% of companies evaluated by MarketBeat, and ranked 551st out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

HashiCorp has received a consensus rating of Hold. The company's average rating score is 2.21, and is based on 3 buy ratings, 11 hold ratings, and no sell ratings.

Amount of Analyst Coverage

HashiCorp has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for HashiCorp are expected to grow in the coming year, from ($0.48) to ($0.31) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HashiCorp is -45.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of HashiCorp is -45.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

HashiCorp has a P/B Ratio of 5.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.97% of the float of HashiCorp has been sold short.

Short Interest Ratio / Days to Cover

HashiCorp has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in HashiCorp has recently decreased by 9.11%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

HashiCorp does not currently pay a dividend.

Dividend Growth

HashiCorp does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.97% of the float of HashiCorp has been sold short.

Short Interest Ratio / Days to Cover

HashiCorp has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in HashiCorp has recently decreased by 9.11%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.77

News Sentiment

HashiCorp has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for HashiCorp this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for HCP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, HashiCorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,559,456.00 in company stock.

Percentage Held by Insiders

22.49% of the stock of HashiCorp is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

87.83% of the stock of HashiCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HCP Stock Analysis - Frequently Asked Questions

How have HCP shares performed this year?

HashiCorp's stock was trading at $23.64 at the beginning of 2024. Since then, HCP stock has increased by 43.5% and is now trading at $33.92.
View the best growth stocks for 2024 here.

How were HashiCorp's earnings last quarter?

HashiCorp, Inc. (NASDAQ:HCP) released its quarterly earnings data on Thursday, August, 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.00 by $0.08. HashiCorp's revenue for the quarter was up 15.3% on a year-over-year basis.

When did HashiCorp IPO?

HashiCorp (HCP) raised $1.1 billion in an initial public offering (IPO) on Thursday, December 9th 2021. The company issued 15,300,000 shares at a price of $68.00-$72.00 per share.

Who are HashiCorp's major shareholders?

HashiCorp's top institutional shareholders include Westchester Capital Management LLC (1.58%), Geode Capital Management LLC (1.24%), State Street Corp (1.10%) and Alpine Associates Management Inc. (1.06%). Insiders that own company stock include Armon Dadgar, Glenn Solomon, David Mcjannet, Brandon Sweeney, Ledger Susan St, Navam Welihinda, Marc Holmes, Ggv Capital Select LLC and Xiv A Cayman Islands Mayfield.
View institutional ownership trends.

How do I buy shares of HashiCorp?

Shares of HCP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of HashiCorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HashiCorp investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), ServiceNow (NOW), Arista Networks (ANET) and General Electric (GE).

Company Calendar

• Last Earnings: 8/29/2024
• Today: 11/21/2024
• Next Earnings (Confirmed): 12/05/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Custom computer programming services
• Sub-Industry: Application Software
• Current Symbol: NASDAQ:HCP
• CUSIP: 40414L10
• CIK: 765880
• Web: www.hashicorp.com
• Phone: 415-301-3227
• Fax: N/A
• Employees: 2,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $32.08
• High Stock Price Target: $38.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: -5.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.21
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.75)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-190,670,000.00
• Net Margins: -23.69%
• Pretax Margin: -23.35%
• Return on Equity: -10.54%
• Return on Assets: -7.74%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.71
• Quick Ratio: 3.71

Sales & Book Value

• Annual Sales: $583.14 million
• Price / Sales: 11.77
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $6.09 per share
• Price / Book: 5.55

Miscellaneous

• Outstanding Shares: 202,890,000
• Free Float: 157,263,000
• Market Cap: $6.86 billion
• Optionable: Optionable
• Beta: 1.24