HashiCorp (HCP) Projected to Post Quarterly Earnings on Thursday

HashiCorp (NASDAQ:HCP) is anticipated to release its earnings data after the market closes on Thursday, March 6th. Analysts expect HashiCorp to post earnings of $0.10 per share and revenue of $175.85 million for the quarter.

HashiCorp Stock Performance

Shares of HCP opened at $34.78 on Tuesday. The business’s 50 day moving average is $34.33 and its 200 day moving average is $34.02. The company has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp has a 12-month low of $23.00 and a 12-month high of $34.85.

Insiders Place Their Bets

In related news, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total transaction of $609,294.00. Following the sale, the chief technology officer now owns 31,348 shares in the company, valued at approximately $1,073,042.04. This represents a 36.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the sale, the chief executive officer now owns 465,978 shares in the company, valued at $15,945,767.16. The trade was a 9.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.49% of the company’s stock.

Analyst Ratings Changes

HCP has been the topic of several recent analyst reports. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, HashiCorp currently has an average rating of “Hold” and an average price target of $32.27.

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.