1,500 Shares in HashiCorp, Inc. (NASDAQ:HCP) Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,500 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. 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. Whale Rock Capital Management LLC grew its holdings in HashiCorp by 293.2% during the first quarter. Whale Rock Capital Management LLC now owns 4,565,728 shares of the company’s stock valued at $123,046,000 after purchasing an additional 3,404,557 shares during the period. Jericho Capital Asset Management L.P. grew its holdings in HashiCorp by 53.3% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,338,951 shares of the company’s stock valued at $89,985,000 after purchasing an additional 1,161,600 shares during the period. Pentwater Capital Management LP acquired a new position in HashiCorp during the second quarter valued at approximately $91,654,000. Finally, Magnetar Financial LLC acquired a new position in HashiCorp during the second quarter valued at approximately $71,490,000. 87.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of HashiCorp in a report on Saturday. They set a “hold” rating for the company. Citigroup assumed coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective for the company. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, September 16th. Finally, Piper Sandler restated a “neutral” rating and set a $35.00 price objective on shares of HashiCorp in a report on Friday, August 30th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.08.

Insider Transactions at HashiCorp

In other HashiCorp news, CFO Navam Welihinda sold 5,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $33.50, for a total transaction of $167,500.00. Following the sale, the chief financial officer now directly owns 91,485 shares of the company’s stock, valued at approximately $3,064,747.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other HashiCorp news, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $33.84, for a total transaction of $1,214,991.36. Following the sale, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,436,800. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Navam Welihinda sold 5,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $33.50, for a total transaction of $167,500.00. Following the completion of the transaction, the chief financial officer now directly owns 91,485 shares in the company, valued at $3,064,747.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 390,125 shares of company stock valued at $13,178,494 over the last 90 days. 22.49% of the stock is owned by corporate insiders.

HashiCorp Stock Up 0.1 %

Shares of HCP stock opened at $33.86 on Wednesday. The company’s fifty day simple moving average is $33.84 and its 200-day simple moving average is $32.57. The firm has a market cap of $6.81 billion, a PE ratio of -35.27 and a beta of 1.25. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $34.06.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The business 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 10.54%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. On average, equities analysts predict that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

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.