HashiCorp, Inc. (NASDAQ:HCP) Director Sigal Zarmi Sells 4,350 Shares

HashiCorp, Inc. (NASDAQ:HCP) Director Sigal Zarmi sold 4,350 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $130,500.00. Following the completion of the sale, the director now owns 37,991 shares of the company’s stock, valued at $1,139,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

HashiCorp Trading Up 4.5 %

Shares of HCP opened at $32.82 on Friday. The stock has a 50 day simple moving average of $25.90 and a 200 day simple moving average of $23.37. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $36.39.

HashiCorp (NASDAQ:HCP) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.06. HashiCorp had a negative return on equity of 15.58% and a negative net margin of 32.70%. The business had revenue of $155.78 million during the quarter, compared to analyst estimates of $149.47 million. As a group, equities research analysts anticipate that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HashiCorp

A number of large investors have recently bought and sold shares of HCP. TimesSquare Capital Management LLC acquired a new position in HashiCorp during the 3rd quarter worth approximately $55,774,000. Atreides Management LP acquired a new position in HashiCorp during the 3rd quarter worth approximately $31,413,000. Artemis Investment Management LLP boosted its position in HashiCorp by 416.0% during the 1st quarter. Artemis Investment Management LLP now owns 1,555,104 shares of the company’s stock worth $41,891,000 after acquiring an additional 1,253,723 shares during the last quarter. Vanguard Group Inc. boosted its position in HashiCorp by 10.3% during the 4th quarter. Vanguard Group Inc. now owns 10,722,671 shares of the company’s stock worth $253,484,000 after acquiring an additional 999,671 shares during the last quarter. Finally, Optimus Prime Fund Management Co. Ltd. boosted its position in HashiCorp by 50.0% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 2,849,100 shares of the company’s stock worth $67,353,000 after acquiring an additional 949,100 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial reiterated a “hold” rating and issued a $35.00 price objective (up from $27.00) on shares of HashiCorp in a research report on Thursday. Morgan Stanley upgraded HashiCorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $23.00 to $30.00 in a research report on Monday, February 26th. Bank of America lifted their price objective on HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of HashiCorp in a research report on Thursday. Finally, BTIG Research lowered HashiCorp from a “buy” rating to a “neutral” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, HashiCorp presently has an average rating of “Hold” and a consensus price target of $30.77.

About HashiCorp

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.