HashiCorp, Inc. (NASDAQ:HCP) Insider Sells $490,144.05 in Stock

HashiCorp, Inc. (NASDAQ:HCPGet Free Report) insider Ledger Susan St. sold 17,895 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.39, for a total value of $490,144.05. Following the completion of the transaction, the insider now directly owns 121,702 shares in the company, valued at $3,333,417.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

HashiCorp Stock Performance

HCP opened at $27.11 on Monday. The firm has a market cap of $5.31 billion, a P/E ratio of -27.66 and a beta of 1.41. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $36.39. The stock has a 50-day moving average of $24.28 and a 200 day moving average of $22.97.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HCP shares. Bank of America raised their target price on HashiCorp from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $38.00 price target on shares of HashiCorp in a report on Thursday, March 7th. Citigroup raised their price target on HashiCorp from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, January 22nd. Needham & Company LLC raised their price target on HashiCorp from $27.00 to $30.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, BTIG Research raised their price target on HashiCorp from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.77.

Get Our Latest Report on HashiCorp

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCP. Citigroup Inc. grew its position in HashiCorp by 167.6% in the fourth quarter. Citigroup Inc. now owns 918 shares of the company’s stock worth $25,000 after acquiring an additional 575 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in HashiCorp in the first quarter worth about $33,000. American International Group Inc. purchased a new position in HashiCorp in the second quarter worth about $38,000. Tower Research Capital LLC TRC lifted its stake in HashiCorp by 82.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,692 shares of the company’s stock worth $39,000 after purchasing an additional 766 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in HashiCorp by 94.8% in the third quarter. Advisors Asset Management Inc. now owns 1,761 shares of the company’s stock worth $40,000 after purchasing an additional 857 shares during the last quarter. Hedge funds and other institutional investors own 45.93% of the company’s stock.

About HashiCorp

(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.

See Also

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

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