Ashton Thomas Private Wealth LLC Boosts Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Ashton Thomas Private Wealth LLC boosted its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,461 shares of the company’s stock after purchasing an additional 1,160 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in HashiCorp were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HCP. American Capital Advisory LLC purchased a new stake in shares of HashiCorp during the second quarter valued at approximately $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in HashiCorp in the 3rd quarter worth $51,000. Advisors Asset Management Inc. grew its holdings in HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after acquiring an additional 961 shares during the last quarter. Covestor Ltd increased its position in shares of HashiCorp by 12,888.9% in the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after acquiring an additional 3,480 shares during the period. Finally, Quest Partners LLC raised its stake 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 acquiring an additional 3,505 shares during the last quarter. Institutional investors own 87.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler restated a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Citigroup initiated coverage on HashiCorp in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price on the stock. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Finally, StockNews.com started coverage on shares of HashiCorp in a research report on Monday. They set a “hold” rating on the stock. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, HashiCorp presently has a consensus rating of “Hold” and an average target price of $32.08.

Insider Transactions at HashiCorp

In other news, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.86, for a total value of $1,215,709.44. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at $51,467,200. The trade was a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Marc Holmes sold 13,782 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $33.81, for a total value of $465,969.42. Following the sale, the chief marketing officer now directly owns 8,754 shares in the company, valued at $295,972.74. This trade represents a 61.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 371,209 shares of company stock valued at $12,559,456. Insiders own 22.49% of the company’s stock.

HashiCorp Price Performance

Shares of NASDAQ HCP opened at $33.91 on Friday. The stock has a market cap of $6.88 billion, a P/E ratio of -45.21 and a beta of 1.24. HashiCorp, Inc. has a 1 year low of $19.26 and a 1 year high of $34.21. The firm has a 50-day moving average of $33.87 and a 200 day moving average of $33.63.

HashiCorp (NASDAQ:HCP) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The firm had revenue of $165.14 million for the quarter, compared to analysts’ expectations of $157.22 million. During the same period in the previous year, the firm posted ($0.34) EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Research analysts expect that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

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.