HashiCorp, Inc. (NASDAQ:HCP) Director Sigal Zarmi Sells 4,350 Shares

HashiCorp, Inc. (NASDAQ:HCP) Director Sigal Zarmi sold 4,350 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $130,500.00. Following the completion of the sale, the director now directly owns 37,991 shares in the company, valued at $1,139,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

HashiCorp Trading Up 4.5 %

Shares of HCP opened at $32.82 on Friday. The firm has a 50-day moving average price of $25.90 and a 200 day moving average price of $23.37. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $36.39.

HashiCorp (NASDAQ:HCP) last announced its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.06. The firm had revenue of $155.78 million during the quarter, compared to analyst estimates of $149.47 million. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. As a group, sell-side analysts predict that HashiCorp, Inc. will post -0.8 EPS for the current year.

Hedge Funds Weigh In On HashiCorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in HashiCorp by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 10,722,671 shares of the company’s stock valued at $253,484,000 after acquiring an additional 999,671 shares during the last quarter. Optimus Prime Fund Management Co. Ltd. lifted its holdings in HashiCorp by 50.0% in the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 2,849,100 shares of the company’s stock valued at $67,353,000 after acquiring an additional 949,100 shares during the last quarter. First Trust Advisors LP lifted its holdings in HashiCorp by 35.7% in the 4th quarter. First Trust Advisors LP now owns 2,722,097 shares of the company’s stock valued at $64,350,000 after acquiring an additional 716,574 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in HashiCorp by 10.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,697,746 shares of the company’s stock valued at $63,775,000 after acquiring an additional 254,720 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in HashiCorp by 16.2% in the 4th quarter. Federated Hermes Inc. now owns 2,112,284 shares of the company’s stock valued at $49,934,000 after acquiring an additional 294,484 shares during the last quarter. Institutional investors own 87.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on HCP. KeyCorp began coverage on shares of HashiCorp in a report on Tuesday, March 19th. They issued a “sector weight” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $34.00 target price on shares of HashiCorp in a research note on Wednesday, March 6th. BTIG Research lowered shares of HashiCorp from a “buy” rating to a “neutral” rating in a research note on Wednesday. Bank of America boosted their target price on shares of HashiCorp from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley upgraded shares of HashiCorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $30.00 in a research note on Monday, February 26th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.77.

About HashiCorp

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.