HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) CFO Navam Welihinda sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $21.84, for a total transaction of $54,600.00. Following the completion of the sale, the chief financial officer now directly owns 62,844 shares of the company’s stock, valued at approximately $1,372,512.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Navam Welihinda also recently made the following trade(s):
- On Friday, February 9th, Navam Welihinda sold 5,000 shares of HashiCorp stock. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00.
- On Monday, January 22nd, Navam Welihinda sold 2,500 shares of HashiCorp stock. The shares were sold at an average price of $21.95, for a total transaction of $54,875.00.
- On Thursday, December 21st, Navam Welihinda sold 33,045 shares of HashiCorp stock. The stock was sold at an average price of $22.80, for a total transaction of $753,426.00.
- On Tuesday, December 5th, Navam Welihinda sold 5,000 shares of HashiCorp stock. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00.
HashiCorp Trading Up 3.2 %
HCP opened at $26.03 on Wednesday. The stock has a market capitalization of $5.10 billion, a P/E ratio of -24.10 and a beta of 1.30. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $36.39. The firm’s fifty day simple moving average is $23.04 and its 200 day simple moving average is $23.19.
Institutional Investors Weigh In On HashiCorp
Several institutional investors have recently added to or reduced their stakes in HCP. Bank of New York Mellon Corp bought a new stake in HashiCorp in the 1st quarter valued at $2,742,000. Great West Life Assurance Co. Can acquired a new stake in HashiCorp in the 1st quarter valued at $3,795,000. Blair William & Co. IL acquired a new stake in HashiCorp in the 1st quarter valued at $273,000. Vanguard Group Inc. increased its stake in HashiCorp by 21.9% in the 1st quarter. Vanguard Group Inc. now owns 1,278,704 shares of the company’s stock valued at $69,050,000 after buying an additional 229,768 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in HashiCorp in the 1st quarter valued at $2,722,000. 45.93% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have commented on HCP shares. Citigroup lifted their target price on shares of HashiCorp from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, January 22nd. BTIG Research lowered their target price on shares of HashiCorp from $33.00 to $25.00 and set a “buy” rating for the company in a report on Friday, December 8th. TD Cowen reaffirmed a “market perform” rating and set a $23.00 target price (down previously from $28.00) on shares of HashiCorp in a report on Friday, December 8th. StockNews.com raised shares of HashiCorp from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley raised shares of HashiCorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $30.00 in a research report on Monday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.25.
View Our Latest Stock Report on HashiCorp
About HashiCorp
HashiCorp, Inc provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data.
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