HashiCorp, Inc. (NASDAQ:HCP) Insider Ledger Susan St. Sells 3,264 Shares of Stock

HashiCorp, Inc. (NASDAQ:HCP) insider Ledger Susan St. sold 3,264 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $33.45, for a total transaction of $109,180.80. Following the sale, the insider now owns 146,242 shares in the company, valued at $4,891,794.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ledger Susan St. also recently made the following trade(s):

• On Thursday, June 20th, Ledger Susan St. sold 22,366 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total transaction of $743,893.16.

HashiCorp Price Performance

Shares of HCP opened at $33.49 on Thursday. The company’s fifty day moving average is $32.58 and its two-hundred day moving average is $27.11. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $34.05.

HashiCorp (NASDAQ:HCP) last issued its earnings results on Thursday, May 30th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The company had revenue of $160.58 million for the quarter, compared to analyst estimates of $153.39 million. HashiCorp had a negative net margin of 31.13% and a negative return on equity of 14.27%. On average, sell-side analysts predict that HashiCorp, Inc. will post -0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

HCP has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on shares of HashiCorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Thursday, June 6th. Piper Sandler boosted their price objective on shares of HashiCorp from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Stifel Nicolaus upped their price target on shares of HashiCorp from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, KeyCorp initiated coverage on shares of HashiCorp in a research note on Tuesday, March 19th. They set a “sector weight” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.17.

Institutional Investors Weigh In On HashiCorp

Several institutional investors have recently made changes to their positions in HCP. Advisors Asset Management Inc. boosted its position in shares of HashiCorp by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after purchasing an additional 961 shares in the last quarter. Covestor Ltd boosted its position in shares of HashiCorp by 12,888.9% in the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after buying an additional 3,480 shares in the last quarter. Industry Ventures L.L.C. purchased a new position in HashiCorp in the 4th quarter valued at about $157,000. SVB Wealth LLC purchased a new position in HashiCorp in the 4th quarter valued at about $273,000. Finally, Aristides Capital LLC purchased a new position in HashiCorp in the 4th quarter valued at about $286,000. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

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.