HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) Director Sigal Zarmi sold 4,350 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $130,500.00. Following the completion of the sale, the director now directly owns 37,991 shares in the company, valued at $1,139,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
HashiCorp Trading Up 4.5 %
Shares of HCP opened at $32.82 on Friday. The firm has a 50-day moving average price of $25.90 and a 200 day moving average price of $23.37. HashiCorp, Inc. has a 52-week low of $18.91 and a 52-week high of $36.39.
HashiCorp (NASDAQ:HCP – Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.06. The firm had revenue of $155.78 million during the quarter, compared to analyst estimates of $149.47 million. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. As a group, sell-side analysts predict that HashiCorp, Inc. will post -0.8 EPS for the current year.
Hedge Funds Weigh In On HashiCorp
Analyst Ratings Changes
Several research firms recently issued reports on HCP. KeyCorp began coverage on shares of HashiCorp in a report on Tuesday, March 19th. They issued a “sector weight” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $34.00 target price on shares of HashiCorp in a research note on Wednesday, March 6th. BTIG Research lowered shares of HashiCorp from a “buy” rating to a “neutral” rating in a research note on Wednesday. Bank of America boosted their target price on shares of HashiCorp from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley upgraded shares of HashiCorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $30.00 in a research note on Monday, February 26th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.77.
Check Out Our Latest Report on HashiCorp
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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