HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes Sells 13,916 Shares

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,916 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total value of $470,360.80. Following the completion of the transaction, the chief marketing officer now directly owns 4,368 shares of the company’s stock, valued at $147,638.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Marc Holmes also recently made the following trade(s):

• On Monday, August 12th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.66, for a total transaction of $468,412.56.
• On Wednesday, July 10th, Marc Holmes sold 13,916 shares of HashiCorp stock. The shares were sold at an average price of $33.46, for a total transaction of $465,629.36.
• On Monday, June 24th, Marc Holmes sold 13,728 shares of HashiCorp stock. The stock was sold at an average price of $33.48, for a total transaction of $459,613.44.
• On Thursday, June 20th, Marc Holmes sold 11,926 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total value of $396,658.76.

HashiCorp Price Performance

HCP stock opened at $33.84 on Friday. The company has a 50 day moving average price of $33.69 and a 200 day moving average price of $31.37. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.05. The stock has a market capitalization of $6.87 billion, a PE ratio of -35.25 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last released its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The company had revenue of $165.14 million during the quarter, compared to the consensus estimate of $157.22 million. During the same quarter in the previous year, the company posted ($0.34) earnings per share. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts expect that HashiCorp, Inc. will post -0.59 earnings per share for the current fiscal year.

Institutional Trading of HashiCorp

A number of institutional investors and hedge funds have recently modified their holdings of HCP. Charles Schwab Investment Management Inc. raised its position in HashiCorp by 11.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock valued at $14,821,000 after buying an additional 63,879 shares during the last quarter. Swiss National Bank grew its stake in shares of HashiCorp by 11.8% during the 1st quarter. Swiss National Bank now owns 221,600 shares of the company’s stock worth $5,972,000 after acquiring an additional 23,400 shares in the last quarter. Contour Asset Management LLC acquired a new stake in shares of HashiCorp in the fourth quarter valued at approximately $21,217,000. GGV Capital LLC boosted its holdings in HashiCorp by 4.6% during the fourth quarter. GGV Capital LLC now owns 658,990 shares of the company’s stock worth $15,579,000 after purchasing an additional 29,064 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in HashiCorp in the fourth quarter valued at $3,158,000. 87.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HCP. Citigroup started coverage on HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target on the stock. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Thursday, June 6th. Piper Sandler reissued a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Finally, StockNews.com started coverage on shares of HashiCorp in a research note on Thursday. They set a “hold” rating on the stock. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.08.

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.