HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $32.72, for a total transaction of $1,174,778.88. Following the transaction, the chief technology officer now owns 1,589,356 shares in the company, valued at approximately $52,003,728.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Armon Dadgar also recently made the following trade(s):
- On Monday, April 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $24.31, for a total value of $872,826.24.
- On Tuesday, April 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $25.69, for a total transaction of $922,373.76.
- On Thursday, March 21st, Armon Dadgar sold 10,241 shares of HashiCorp stock. The stock was sold at an average price of $27.39, for a total transaction of $280,500.99.
- On Thursday, February 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $21.82, for a total transaction of $783,425.28.
HashiCorp Trading Down 0.2 %
HashiCorp stock opened at $32.79 on Tuesday. The firm’s fifty day moving average price is $27.24 and its two-hundred day moving average price is $23.94. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of -33.46 and a beta of 1.25. HashiCorp, Inc. has a 1-year low of $18.91 and a 1-year high of $36.39.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its stake in HashiCorp by 35.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock valued at $54,000 after acquiring an additional 615 shares in the last quarter. Industry Ventures L.L.C. purchased a new stake in shares of HashiCorp in the fourth quarter valued at about $157,000. Victory Capital Management Inc. lifted its position in shares of HashiCorp by 35.5% during the third quarter. Victory Capital Management Inc. now owns 10,576 shares of the company’s stock valued at $241,000 after purchasing an additional 2,768 shares in the last quarter. Xponance Inc. boosted its holdings in HashiCorp by 6.7% during the third quarter. Xponance Inc. now owns 10,701 shares of the company’s stock worth $244,000 after purchasing an additional 673 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in HashiCorp by 10.0% during the third quarter. Principal Financial Group Inc. now owns 10,778 shares of the company’s stock worth $246,000 after purchasing an additional 978 shares during the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.
Analyst Ratings Changes
HCP has been the subject of a number of recent analyst reports. Citigroup increased their price target on HashiCorp from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, January 22nd. TD Cowen lifted their target price on HashiCorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. StockNews.com raised HashiCorp from a “sell” rating to a “hold” rating in a research note on Friday. Truist Financial reaffirmed a “hold” rating and set a $35.00 price objective (up previously from $27.00) on shares of HashiCorp in a research report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of HashiCorp in a research report on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.77.
Get Our Latest Analysis on HCP
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.
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