Armon Dadgar Sells 18,349 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 18,349 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.26, for a total value of $610,287.74. Following the sale, the chief technology officer now owns 44,371 shares of the company’s stock, valued at approximately $1,475,779.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 3rd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.65, for a total value of $1,208,169.60.
• On Wednesday, May 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.34, for a total value of $1,197,039.36.
• On Thursday, May 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $32.72, for a total transaction of $1,174,778.88.
• On Monday, April 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $24.31, for a total transaction of $872,826.24.
• On Tuesday, April 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $25.69, for a total transaction of $922,373.76.

HashiCorp Price Performance

Shares of NASDAQ:HCP opened at $33.44 on Wednesday. The stock has a market capitalization of $6.72 billion, a P/E ratio of -34.83 and a beta of 1.25. The business has a 50-day moving average of $32.38 and a two-hundred day moving average of $27.07. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.05.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Thursday, May 30th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. HashiCorp had a negative return on equity of 14.27% and a negative net margin of 31.13%. The firm had revenue of $160.58 million during the quarter, compared to analyst estimates of $153.39 million. As a group, research analysts expect that HashiCorp, Inc. will post -0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HCP has been the subject of a number of research analyst reports. KeyCorp started coverage on HashiCorp in a report on Tuesday, March 19th. They issued a “sector weight” rating for the company. BTIG Research downgraded HashiCorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen lifted their target price on HashiCorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Bank of America increased their price target on shares of HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Thursday, June 6th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of HashiCorp in the third quarter valued at about $309,000. Charles Schwab Investment Management Inc. lifted its position in shares of HashiCorp by 11.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock worth $14,821,000 after acquiring an additional 63,879 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of HashiCorp by 10.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,697,746 shares of the company’s stock worth $63,775,000 after purchasing an additional 254,720 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of HashiCorp during the fourth quarter valued at approximately $7,124,000. Finally, Contour Asset Management LLC acquired a new position in shares of HashiCorp in the fourth quarter valued at $21,217,000. 87.83% of the stock is currently owned by institutional investors and hedge funds.

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.