Ledger Susan St. Sells 21,991 Shares of HashiCorp, Inc. (NASDAQ:HCP) Stock

Posted by Defense World Staff on Sep 24th, 2023

HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) insider Ledger Susan St. sold 21,991 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $23.08, for a total value of $507,552.28. Following the completion of the sale, the insider now owns 73,689 shares of the company’s stock, valued at $1,700,742.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ledger Susan St. also recently made the following trade(s):

On Friday, June 30th, Ledger Susan St. sold 5,694 shares of HashiCorp stock. The stock was sold at an average price of $26.45, for a total value of $150,606.30.

HashiCorp Stock Down 1.1 %

HCP opened at $23.00 on Friday. HashiCorp, Inc. has a 12-month low of $21.50 and a 12-month high of $37.31. The business has a 50 day moving average of $27.66 and a 200-day moving average of $28.53. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of -18.25 and a beta of 1.12.

HashiCorp (NASDAQ:HCP – Get Free Report) last issued its earnings results on Thursday, August 31st. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.04. HashiCorp had a negative return on equity of 19.94% and a negative net margin of 44.42%. The company had revenue of $143.25 million during the quarter, compared to the consensus estimate of $138.37 million. As a group, analysts expect that HashiCorp, Inc. will post -1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

HCP has been the subject of a number of research reports. Morgan Stanley decreased their price objective on HashiCorp from $37.00 to $30.00 in a report on Thursday, June 8th. Bank of America increased their price objective on HashiCorp from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, September 1st. Oppenheimer reiterated an “outperform” rating and set a $42.00 price objective on shares of HashiCorp in a report on Friday, September 1st. Piper Sandler increased their price objective on HashiCorp from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, September 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of HashiCorp in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, HashiCorp has an average rating of “Moderate Buy” and a consensus price target of $34.87.

Get Our Latest Analysis on HashiCorp

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HCP. Citigroup Inc. boosted its stake in shares of HashiCorp by 167.6% during the 4th quarter. Citigroup Inc. now owns 918 shares of the company’s stock worth $25,000 after acquiring an additional 575 shares during the period. Whittier Trust Co. boosted its stake in HashiCorp by 149.7% in the 1st quarter. Whittier Trust Co. now owns 874 shares of the company’s stock valued at $26,000 after purchasing an additional 524 shares during the period. Geneos Wealth Management Inc. bought a new stake in HashiCorp in the 1st quarter valued at $33,000. American International Group Inc. bought a new stake in HashiCorp in the 2nd quarter valued at $38,000. Finally, Osaic Holdings Inc. boosted its stake in HashiCorp by 188.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock valued at $46,000 after purchasing an additional 1,155 shares during the period. 45.93% of the stock is currently owned by institutional investors.

HashiCorp Company Profile

(Get Free Report)

HashiCorp, Inc provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data.