Navam Welihinda Sells 5,000 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CFO Navam Welihinda sold 5,000 shares of HashiCorp stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $33.87, for a total transaction of $169,350.00. Following the completion of the sale, the chief financial officer now owns 88,322 shares of the company’s stock, valued at approximately $2,991,466.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Navam Welihinda also recently made the following trade(s):

• On Monday, July 22nd, Navam Welihinda sold 5,000 shares of HashiCorp stock. The stock was sold at an average price of $33.50, for a total value of $167,500.00.
• On Monday, June 24th, Navam Welihinda sold 17,397 shares of HashiCorp stock. The stock was sold at an average price of $33.47, for a total transaction of $582,277.59.
• On Thursday, June 20th, Navam Welihinda sold 18,271 shares of HashiCorp stock. The shares were sold at an average price of $33.26, for a total value of $607,693.46.

HashiCorp Stock Up 0.1 %

HCP opened at $33.90 on Friday. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of -35.31 and a beta of 1.25. HashiCorp, Inc. has a 52 week low of $18.91 and a 52 week high of $34.05. The business’s 50 day moving average is $33.62 and its two-hundred day moving average is $30.35.

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

Analysts Set New Price Targets

Several brokerages have weighed in on HCP. StockNews.com started coverage on HashiCorp in a report on Sunday. They set a “hold” rating on the stock. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Thursday, June 6th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.17.

Institutional Investors Weigh In On HashiCorp

Large investors have recently modified their holdings of the stock. Xponance Inc. grew its position in HashiCorp by 3.1% in the 2nd quarter. Xponance Inc. now owns 10,271 shares of the company’s stock valued at $346,000 after buying an additional 305 shares during the last quarter. Comerica Bank lifted its stake in shares of HashiCorp by 2.1% in the 1st quarter. Comerica Bank now owns 18,432 shares of the company’s stock worth $497,000 after acquiring an additional 374 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of HashiCorp by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company’s stock valued at $1,020,000 after acquiring an additional 420 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of HashiCorp by 43.0% during the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after acquiring an additional 961 shares during the period. Finally, Arizona State Retirement System raised its holdings in HashiCorp by 3.5% during the second quarter. Arizona State Retirement System now owns 31,921 shares of the company’s stock worth $1,075,000 after purchasing an additional 1,065 shares in the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.

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.