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

HashiCorp, Inc. (NASDAQ:HCPGet Free Report) CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $23.02, for a total value of $826,510.08. Following the completion of the sale, the chief technology officer now directly owns 1,804,780 shares of the company’s stock, valued at $41,546,035.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Monday, January 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $21.94, for a total value of $787,733.76.
  • On Tuesday, January 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $22.90, for a total value of $822,201.60.
  • On Thursday, December 21st, Armon Dadgar sold 85,902 shares of HashiCorp stock. The stock was sold at an average price of $22.80, for a total value of $1,958,565.60.
  • On Friday, December 1st, Armon Dadgar sold 101,779 shares of HashiCorp stock. The stock was sold at an average price of $22.03, for a total value of $2,242,191.37.
  • On Wednesday, November 29th, Armon Dadgar sold 46,621 shares of HashiCorp stock. The stock was sold at an average price of $21.88, for a total value of $1,020,067.48.

HashiCorp Stock Performance

Shares of HCP opened at $22.99 on Wednesday. The stock has a 50-day moving average of $22.74 and a two-hundred day moving average of $23.72. HashiCorp, Inc. has a one year low of $18.91 and a one year high of $36.39. The stock has a market cap of $4.50 billion, a P/E ratio of -21.29 and a beta of 1.30.

HashiCorp (NASDAQ:HCPGet Free Report) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. HashiCorp had a negative return on equity of 17.20% and a negative net margin of 37.01%. The company had revenue of $146.10 million during the quarter, compared to analysts’ expectations of $143.21 million. During the same quarter in the previous year, the firm posted ($0.38) EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Analysts predict that HashiCorp, Inc. will post -1 EPS for the current fiscal year.

Hedge Funds Weigh In On HashiCorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in HashiCorp by 26.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,435,341 shares of the company’s stock worth $312,642,000 after purchasing an additional 2,368,102 shares during the period. JPMorgan Chase & Co. increased its stake in HashiCorp by 48.0% during the 1st quarter. JPMorgan Chase & Co. now owns 11,204,309 shares of the company’s stock worth $328,175,000 after buying an additional 3,635,247 shares in the last quarter. Vanguard Group Inc. increased its stake in HashiCorp by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,723,000 shares of the company’s stock worth $221,976,000 after buying an additional 455,179 shares in the last quarter. Baillie Gifford & Co. increased its stake in HashiCorp by 1.5% during the 2nd quarter. Baillie Gifford & Co. now owns 7,388,693 shares of the company’s stock worth $193,436,000 after buying an additional 108,068 shares in the last quarter. Finally, BlackRock Inc. increased its stake in HashiCorp by 215.0% during the 2nd quarter. BlackRock Inc. now owns 4,426,683 shares of the company’s stock worth $115,891,000 after buying an additional 3,021,230 shares in the last quarter. Institutional investors and hedge funds own 45.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HCP. Citigroup raised their price target on HashiCorp from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, January 22nd. TD Cowen reaffirmed a “market perform” rating and set a $23.00 target price (down from $28.00) on shares of HashiCorp in a research report on Friday, December 8th. BTIG Research decreased their target price on HashiCorp from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, December 8th. Morgan Stanley decreased their target price on HashiCorp from $30.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, December 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of HashiCorp in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, HashiCorp currently has a consensus rating of “Hold” and a consensus price target of $30.07.

Read Our Latest Report on HashiCorp

HashiCorp Company Profile

(Get Free Report)

HashiCorp, Inc provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and 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.

Featured Articles

Insider Buying and Selling by Quarter for HashiCorp (NASDAQ:HCP)

Receive News & Ratings for HashiCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HashiCorp and related companies with MarketBeat.com's FREE daily email newsletter.