HashiCorp, Inc. (NASDAQ:HCP) Receives Consensus Rating of “Hold” from Brokerages

HashiCorp, Inc. (NASDAQ:HCP) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $32.08.

Several brokerages have issued reports on HCP. StockNews.com began coverage on shares of HashiCorp in a research note on Sunday, December 29th. They issued a “hold” rating for the company. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th.

Insider Activity

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the sale, the chief executive officer now owns 465,978 shares in the company, valued at $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $33.82, for a total value of $1,214,273.28. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at $51,406,400. This represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,940 shares of company stock worth $7,088,351. Company insiders own 22.49% of the company’s stock.

Institutional Investors Weigh In On HashiCorp

Institutional investors have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC purchased a new stake in shares of HashiCorp during the third quarter valued at about $38,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in HashiCorp during the third quarter valued at approximately $51,000. Quest Partners LLC boosted its stake in HashiCorp by 9,736.1% in the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock valued at $119,000 after acquiring an additional 3,505 shares in the last quarter. KBC Group NV grew its holdings in HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after purchasing an additional 731 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV acquired a new position in shares of HashiCorp during the third quarter worth $205,000. Institutional investors own 86.25% of the company’s stock.

HashiCorp Trading Up 0.2 %

HashiCorp stock opened at $34.32 on Friday. HashiCorp has a 12-month low of $20.89 and a 12-month high of $34.40. The firm has a 50-day moving average price of $33.92 and a 200-day moving average price of $33.80. The firm has a market capitalization of $7.02 billion, a PE ratio of -56.26 and a beta of 1.18.

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.