Stocks of HashiCorp Inc. (NASDAQ:HCP) traded higher last session on Wall Street, up 2.63% to $29.26.
According to the data, HashiCorp Inc. (NASDAQ:HCP) has 19 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $26.00, we find $31.00. Given the previous closing price of $28.51, this indicates a potential upside of 8.73 percent. HCP stock price is now -0.17% away from the 50-day moving average and 1.13% away from the 200-day moving average. The market capitalization of the company currently stands at $5.47B.
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A total of 8 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $31.94 as their price target over the next twelve months.
In other news, Dadgar Armon, Chief Technology Officer sold 38,000 shares of the company’s stock on Jul 24. The stock was sold for $1,049,165 at an average price of $27.61. Upon completion of the transaction, the Chief Technology Officer now directly owns 1,862,000 shares in the company, valued at $54.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03, Chief Technology Officer Dadgar Armon sold 38,000 shares of the business’s stock. A total of $984,295 was realized by selling the stock at an average price of $25.90. This leaves the insider owning 1,520,000 shares of the company worth $44.48 million. Insiders disposed of 26,462,935 shares of company stock worth roughly $774.31 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HCP stock. A new stake in HashiCorp Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $21,787,000. HOLOCENE ADVISORS, LP invested $17,490,000 in shares of HCP during the first quarter. In the first quarter, ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in HashiCorp Inc. valued at approximately $16,647,000. CAVALRY MANAGEMENT GROUP, LLC acquired a new stake in HCP for approximately $6,783,000. HARBOURVEST PARTNERS LLC purchased a new stake in HCP valued at around $6,693,000 in the second quarter. In total, there are 271 active investors with 74.60% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $29.20 for HashiCorp Inc. (NASDAQ: HCP). During the past 12 months, HashiCorp Inc. has had a low of $21.50 and a high of $44.34. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.20, and a quick ratio of 4.20. The fifty day moving average price for HCP is $29.28 and a two-hundred day moving average price translates $28.93 for the stock.
The latest earnings results from HashiCorp Inc. (NASDAQ: HCP) was released for Apr, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.14 by 0.07. This compares to -$0.43 EPS in the same period last year. The net profit margin was -48.60% and return on equity was -20.60% for HCP. The company reported revenue of $137.98 million for the quarter, compared to $100.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.76 percent. For the current quarter, analysts expect HCP to generate $138.22M in revenue.
HashiCorp Inc.(HCP) Company Profile
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. It also provides Consul, an application-centric networking automation product that enables practitioners to manage application traffic, security teams to secure and restrict access between applications, and operations teams to automate the underlying network infrastructure; and Nomad, a scheduler and workload orchestrator, which provides practitioners with a self-service interface to manage the application lifecycle. The company was founded in 2012 and is headquartered in San Francisco, California.
