HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar Sells 35,904 Shares

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $32.72, for a total value of $1,174,778.88. Following the transaction, the chief technology officer now directly owns 1,589,356 shares in the company, valued at approximately $52,003,728.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Armon Dadgar also recently made the following trade(s):

• On Monday, April 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $24.31, for a total value of $872,826.24.
• On Tuesday, April 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $25.69, for a total value of $922,373.76.
• On Thursday, March 21st, Armon Dadgar sold 10,241 shares of HashiCorp stock. The shares were sold at an average price of $27.39, for a total value of $280,500.99.
• On Thursday, February 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $21.82, for a total value of $783,425.28.

HashiCorp Trading Up 0.0 %

HCP stock opened at $32.80 on Wednesday. The stock has a 50-day moving average price of $27.38 and a two-hundred day moving average price of $24.02. The stock has a market cap of $6.54 billion, a PE ratio of -33.47 and a beta of 1.25. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $36.39.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.06. The company had revenue of $155.78 million during the quarter, compared to analysts’ expectations of $149.47 million. HashiCorp had a negative return on equity of 15.58% and a negative net margin of 32.70%. On average, analysts forecast that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HashiCorp

Several hedge funds have recently modified their holdings of the stock. Treasurer of the State of North Carolina grew its holdings in shares of HashiCorp by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company’s stock valued at $1,020,000 after acquiring an additional 420 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of HashiCorp by 35.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock valued at $54,000 after acquiring an additional 615 shares in the last quarter. Xponance Inc. lifted its stake in HashiCorp by 6.7% in the 3rd quarter. Xponance Inc. now owns 10,701 shares of the company’s stock valued at $244,000 after purchasing an additional 673 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in HashiCorp by 8.1% during the third quarter. Oppenheimer & Co. Inc. now owns 12,302 shares of the company’s stock worth $281,000 after purchasing an additional 918 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in HashiCorp by 10.0% during the third quarter. Principal Financial Group Inc. now owns 10,778 shares of the company’s stock worth $246,000 after purchasing an additional 978 shares during the period. Institutional investors own 87.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BTIG Research downgraded HashiCorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 24th. Bank of America upped their price objective on shares of HashiCorp from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of HashiCorp from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Oppenheimer restated an “outperform” rating and issued a $34.00 price objective on shares of HashiCorp in a research report on Wednesday, March 6th. Finally, Morgan Stanley upgraded shares of HashiCorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $30.00 in a research report on Monday, February 26th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.77.

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.