HashiCorp, Inc. (NASDAQ:HCP) Given Average Rating of “Hold” by Brokerages

Shares of HashiCorp, Inc. (NASDAQ:HCPGet Free Report) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $32.08.

HCP has been the subject of a number of research reports. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th.

Read Our Latest Analysis on HCP

HashiCorp Price Performance

NASDAQ HCP opened at $34.31 on Tuesday. The company has a fifty day moving average price of $34.02 and a 200-day moving average price of $33.87. HashiCorp has a 1 year low of $21.50 and a 1 year high of $34.47. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of -56.24 and a beta of 1.18.

Insiders Place Their Bets

In other HashiCorp news, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the sale, the chief technology officer now owns 31,348 shares in the company, valued at approximately $1,073,042.04. This represents a 36.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the sale, the chief executive officer now directly owns 465,978 shares in the company, valued at $15,945,767.16. This trade represents a 9.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 173,036 shares of company stock worth $5,874,078. Company insiders own 22.49% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Westchester Capital Management LLC lifted its position in shares of HashiCorp by 60.5% during the third quarter. Westchester Capital Management LLC now owns 3,200,322 shares of the company’s stock worth $108,363,000 after purchasing an additional 1,206,073 shares during the last quarter. Geode Capital Management LLC raised its position in HashiCorp by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after purchasing an additional 385,118 shares in the last quarter. State Street Corp lifted its holdings in shares of HashiCorp by 14.5% in the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after buying an additional 282,965 shares during the period. Alpine Associates Management Inc. grew its position in shares of HashiCorp by 48.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock worth $72,533,000 after buying an additional 701,350 shares in the last quarter. Finally, ING Groep NV increased its stake in shares of HashiCorp by 851.2% during the third quarter. ING Groep NV now owns 1,671,200 shares of the company’s stock valued at $56,587,000 after buying an additional 1,495,500 shares during the period. Institutional investors own 86.25% of the company’s stock.

About HashiCorp

(Get Free Report

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.

Featured Articles

Analyst Recommendations 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.