Armon Dadgar Sells 35,904 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

by · The Markets Daily

HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $33.80, for a total transaction of $1,213,555.20. Following the sale, the chief technology officer now directly owns 1,520,000 shares in the company, valued at $51,376,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Armon Dadgar also recently made the following trade(s):

  • On Friday, September 20th, Armon Dadgar sold 22,779 shares of HashiCorp stock. The shares were sold at an average price of $33.84, for a total transaction of $770,841.36.
  • On Tuesday, September 3rd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.83, for a total transaction of $1,214,632.32.
  • On Thursday, August 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.85, for a total value of $1,215,350.40.
  • On Friday, August 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.71, for a total value of $1,210,323.84.
  • On Monday, July 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.50, for a total value of $1,202,784.00.
  • On Tuesday, July 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.64, for a total value of $1,207,810.56.

HashiCorp Price Performance

Shares of HashiCorp stock opened at $33.87 on Friday. HashiCorp, Inc. has a one year low of $18.91 and a one year high of $34.06. The business’s 50 day simple moving average is $33.75 and its two-hundred day simple moving average is $31.85. The stock has a market capitalization of $6.81 billion, a P/E ratio of -35.28 and a beta of 1.25.

HashiCorp (NASDAQ:HCP – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The company had revenue of $165.14 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned ($0.34) earnings per share. Sell-side analysts expect that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on HashiCorp

Institutional Trading of HashiCorp

Several large investors have recently modified their holdings of HCP. Charles Schwab Investment Management Inc. raised its position in HashiCorp by 11.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock valued at $14,821,000 after purchasing an additional 63,879 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of HashiCorp by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,049,009 shares of the company’s stock valued at $24,799,000 after acquiring an additional 92,586 shares in the last quarter. Hsbc Holdings PLC lifted its stake in HashiCorp by 569.4% in the fourth quarter. Hsbc Holdings PLC now owns 99,235 shares of the company’s stock worth $2,373,000 after acquiring an additional 84,410 shares during the period. Treasurer of the State of North Carolina boosted its holdings in 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. Finally, Adams Wealth Management increased its position in HashiCorp by 38.5% during the 4th quarter. Adams Wealth Management now owns 71,743 shares of the company’s stock valued at $1,696,000 after purchasing an additional 19,958 shares during the period. 87.83% of the stock is owned by institutional investors.

About HashiCorp

(Get Free Report)

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.

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