Armon Dadgar Sells 35,904 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $33.83, for a total transaction of $1,214,632.32. Following the sale, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,421,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.85, for a total transaction of $1,215,350.40.
• On Friday, August 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.71, for a total transaction of $1,210,323.84.
• On Monday, July 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.50, for a total transaction of $1,202,784.00.
• On Tuesday, July 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.64, for a total transaction of $1,207,810.56.
• On Monday, June 24th, Armon Dadgar sold 21,137 shares of HashiCorp stock. The shares were sold at an average price of $33.48, for a total transaction of $707,666.76.
• On Thursday, June 20th, Armon Dadgar sold 18,349 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total transaction of $610,287.74.

HashiCorp Price Performance

Shares of HCP opened at $33.73 on Friday. The company has a market capitalization of $6.78 billion, a PE ratio of -35.14 and a beta of 1.25. HashiCorp, Inc. has a one year low of $18.91 and a one year high of $34.05. The company’s fifty day moving average price is $33.68 and its 200 day moving average price is $30.92.

HashiCorp (NASDAQ:HCP) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $165.14 million for the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.60%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the business posted ($0.34) EPS. Analysts anticipate that HashiCorp, Inc. will post -0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HCP shares. StockNews.com started coverage on shares of HashiCorp in a report on Friday. They set a “hold” rating on the stock. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Thursday, June 6th. Piper Sandler restated a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Finally, Citigroup started coverage on shares of HashiCorp in a report on Tuesday. They set a “neutral” rating and a $35.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HashiCorp has an average rating of “Hold” and an average price target of $32.08.

Institutional Trading of HashiCorp

Several institutional investors have recently made changes to their positions in HCP. Whale Rock Capital Management LLC boosted its position in shares of HashiCorp by 293.2% during the 1st quarter. Whale Rock Capital Management LLC now owns 4,565,728 shares of the company’s stock valued at $123,046,000 after acquiring an additional 3,404,557 shares in the last quarter. Pentwater Capital Management LP bought a new position in shares of HashiCorp in the second quarter worth about $91,654,000. Magnetar Financial LLC bought a new position in shares of HashiCorp in the second quarter worth about $71,490,000. Champlain Investment Partners LLC bought a new position in shares of HashiCorp in the first quarter worth about $48,995,000. Finally, Vanguard Group Inc. raised its stake in shares of HashiCorp by 14.0% during the first quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock worth $329,454,000 after buying an additional 1,501,953 shares during the last quarter. 87.83% of the stock is currently owned by institutional investors and hedge funds.

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.