HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) CEO David Mcjannet sold 48,055 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $33.84, for a total value of $1,626,181.20. Following the sale, the chief executive officer now directly owns 419,531 shares of the company’s stock, valued at $14,196,929.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HashiCorp Stock Performance
NASDAQ:HCP opened at $33.84 on Thursday. The company has a market capitalization of $6.80 billion, a P/E ratio of -35.25 and a beta of 1.25. The stock’s 50 day moving average price is $33.75 and its 200 day moving average price is $31.85. HashiCorp, Inc. has a 52 week low of $18.91 and a 52 week high of $34.06.
HashiCorp (NASDAQ:HCP – Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business had revenue of $165.14 million for the quarter, compared to the consensus estimate of $157.22 million. During the same quarter last year, the firm earned ($0.34) EPS. HashiCorp’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, sell-side analysts forecast that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on HashiCorp
Hedge Funds Weigh In On HashiCorp
Several institutional investors have recently bought and sold shares of HCP. Victory Capital Management Inc. grew its holdings in HashiCorp by 28.8% during the fourth quarter. Victory Capital Management Inc. now owns 13,622 shares of the company’s stock valued at $322,000 after purchasing an additional 3,046 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in HashiCorp by 11.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company’s stock valued at $14,821,000 after buying an additional 63,879 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in HashiCorp by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,049,009 shares of the company’s stock worth $24,799,000 after acquiring an additional 92,586 shares during the period. Hsbc Holdings PLC grew its position in shares of HashiCorp by 569.4% in the fourth quarter. Hsbc Holdings PLC now owns 99,235 shares of the company’s stock valued at $2,373,000 after purchasing an additional 84,410 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of HashiCorp by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company’s stock valued at $1,020,000 after purchasing an additional 420 shares during the last quarter. 87.83% of the stock is currently owned by institutional investors.
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.
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