Marc Holmes Sells 13,916 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

HashiCorp, Inc. (NASDAQ:HCP) CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $26.30, for a total transaction of $365,990.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Marc Holmes also recently made the following trade(s):

• On Thursday, March 21st, Marc Holmes sold 8,009 shares of HashiCorp stock. The stock was sold at an average price of $27.38, for a total transaction of $219,286.42.
• On Monday, February 12th, Marc Holmes sold 13,916 shares of HashiCorp stock. The stock was sold at an average price of $24.99, for a total transaction of $347,760.84.

HashiCorp Price Performance

HashiCorp stock opened at $24.55 on Friday. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $36.39. The stock has a market capitalization of $4.90 billion, a PE ratio of -25.05 and a beta of 1.42. The firm has a 50 day simple moving average of $25.47 and a 200-day simple moving average of $23.15.

HashiCorp (NASDAQ:HCP) last released its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. HashiCorp had a negative return on equity of 15.58% and a negative net margin of 32.70%. The firm had revenue of $155.78 million during the quarter, compared to the consensus estimate of $149.47 million. On average, analysts forecast that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley raised HashiCorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $23.00 to $30.00 in a report on Monday, February 26th. BTIG Research boosted their price target on shares of HashiCorp from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. TD Cowen increased their price objective on shares of HashiCorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Scotiabank raised shares of HashiCorp from a “sector perform” rating to a “sector outperform” rating and set a $31.00 target price for the company in a research note on Tuesday, March 12th. Finally, StockNews.com cut shares of HashiCorp from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, HashiCorp has an average rating of “Moderate Buy” and a consensus price target of $28.77.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in HashiCorp by 167.6% in the 4th quarter. Citigroup Inc. now owns 918 shares of the company’s stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of HashiCorp in the 1st quarter worth approximately $33,000. Tower Research Capital LLC TRC lifted its stake in HashiCorp by 82.7% during the third quarter. Tower Research Capital LLC TRC now owns 1,692 shares of the company’s stock valued at $39,000 after purchasing an additional 766 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in HashiCorp by 94.8% during the third quarter. Advisors Asset Management Inc. now owns 1,761 shares of the company’s stock worth $40,000 after buying an additional 857 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in HashiCorp by 188.1% in the second quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $46,000 after buying an additional 1,155 shares during the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.

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.