HashiCorp (HCP) to Release Earnings on Thursday

HashiCorp (NASDAQ:HCP) will likely be releasing its earnings data after the market closes on Thursday, March 6th. Analysts expect HashiCorp to post earnings of $0.10 per share and revenue of $175.85 million for the quarter.

HashiCorp Price Performance

Shares of NASDAQ:HCP opened at $34.78 on Thursday. HashiCorp has a 1 year low of $23.00 and a 1 year high of $34.85. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The business’s 50 day moving average price is $34.29 and its 200-day moving average price is $33.99.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HCP. StockNews.com upgraded HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.27.

Insider Buying and Selling

In other HashiCorp news, CTO Armon Dadgar sold 17,800 shares of HashiCorp stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the transaction, the chief technology officer now directly owns 31,348 shares of the company’s stock, valued at $1,073,042.04. The trade was a 36.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Mcjannet sold 47,526 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.22, for a total value of $1,626,339.72. Following the transaction, the chief executive officer now directly owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,229 shares of company stock valued at $3,441,256. 22.49% of the stock is currently owned by insiders.

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.