Recent Investment Analysts’ Ratings Updates for HashiCorp (HCP)

A number of research firms have changed their ratings and price targets for HashiCorp (NASDAQ: HCP):

• 11/29/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/23/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/17/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/11/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/5/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/30/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/24/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/18/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/12/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/6/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

HashiCorp Stock Performance

Shares of NASDAQ:HCP opened at $33.62 on Monday. The firm has a 50 day simple moving average of $33.85 and a 200 day simple moving average of $33.71. HashiCorp, Inc. has a 52 week low of $19.26 and a 52 week high of $34.21. The company has a market cap of $6.82 billion, a PE ratio of -44.83 and a beta of 1.24.

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 business had revenue of $165.14 million during 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 10.54%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.34) earnings per share. On average, equities analysts predict that HashiCorp, Inc. will post -0.48 earnings per share for the current year.

Insider Activity at HashiCorp

In other HashiCorp news, CEO David Mcjannet sold 48,055 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $33.84, for a total value of $1,626,181.20. Following the completion of the sale, the chief executive officer now directly owns 419,531 shares of the company’s stock, valued at $14,196,929.04. The trade was a 10.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Armon Dadgar sold 35,903 shares of HashiCorp stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.90, for a total transaction of $1,217,111.70. Following the completion of the sale, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,528,000. The trade was a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,208 shares of company stock valued at $12,391,868. Insiders own 22.49% of the company’s stock.

Hedge Funds Weigh In On HashiCorp

Institutional investors have recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of HashiCorp in the third quarter valued at about $38,000. American Capital Advisory LLC bought a new stake in HashiCorp during the 2nd quarter valued at approximately $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in HashiCorp in the 3rd quarter valued at approximately $51,000. Quest Partners LLC increased its position in HashiCorp by 9,736.1% in the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after buying an additional 3,505 shares during the period. Finally, KBC Group NV lifted its holdings in shares of HashiCorp by 25.8% during the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after buying an additional 731 shares during the last quarter. Institutional investors own 87.83% of the company’s stock.

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.