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

HashiCorp, Inc. (NASDAQ:HCP) has been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $32.08.

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th.

HashiCorp Price Performance

Shares of NASDAQ HCP opened at $34.50 on Friday. The stock has a market capitalization of $7.05 billion, a P/E ratio of -56.56 and a beta of 1.18. HashiCorp has a 1-year low of $21.50 and a 1-year high of $34.54. The business has a fifty day moving average price of $34.24 and a 200 day moving average price of $33.96.

Insider Activity

In related news, CEO David Mcjannet sold 47,526 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 465,978 shares of the company’s stock, valued at $15,945,767.16. This trade represents a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Armon Dadgar sold 35,903 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.58, for a total value of $1,205,622.74. Following the sale, the chief technology officer now directly owns 1,520,000 shares in the company, valued at approximately $51,041,600. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,229 shares of company stock valued at $3,441,256. Company insiders own 22.49% of the company’s stock.

Institutional Trading of HashiCorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC acquired a new stake in HashiCorp during the third quarter worth about $38,000. Blue Trust Inc. grew its holdings in HashiCorp by 331.2% during the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after acquiring an additional 1,580 shares during the period. KBC Group NV grew its holdings in HashiCorp by 25.8% during the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after acquiring an additional 731 shares during the period. Sterling Capital Management LLC grew its holdings in HashiCorp by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock worth $124,000 after acquiring an additional 524 shares during the period. Finally, Quest Partners LLC boosted its position in HashiCorp by 64.8% during the third quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock worth $198,000 after purchasing an additional 2,296 shares in the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

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.