HashiCorp, Inc. (NASDAQ:HCP) CTO Sells $609,294.00 in Stock

HashiCorp, Inc. (NASDAQ:HCP) 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 approximately $1,073,042.04. This trade represents a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Armon Dadgar also recently made the following trade(s):

• On Monday, December 2nd, Armon Dadgar sold 35,903 shares of HashiCorp stock. The shares were sold at an average price of $33.58, for a total value of $1,205,622.74.
• On Friday, November 22nd, Armon Dadgar sold 35,903 shares of HashiCorp stock. The stock was sold at an average price of $33.90, for a total value of $1,217,111.70.
• On Monday, November 4th, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.86, for a total value of $1,215,709.44.
• On Tuesday, October 22nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The shares were sold at an average price of $33.82, for a total transaction of $1,214,273.28.
• On Wednesday, October 2nd, Armon Dadgar sold 35,904 shares of HashiCorp stock. The stock was sold at an average price of $33.84, for a total transaction of $1,214,991.36.

HashiCorp Trading Up 0.0 %

HashiCorp stock opened at $34.19 on Friday. The business’s 50 day simple moving average is $33.87 and its 200 day simple moving average is $33.77. HashiCorp, Inc. has a 12 month low of $20.89 and a 12 month high of $34.33. The company has a market cap of $6.99 billion, a price-to-earnings ratio of -56.05 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com assumed coverage on HashiCorp in a report on Sunday. They issued a “hold” rating on the stock. Finally, Citigroup started coverage on HashiCorp in a report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, HashiCorp currently has an average rating of “Hold” and an average price target of $32.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HCP. Pentwater Capital Management LP purchased a new stake in HashiCorp in the 2nd quarter worth about $91,654,000. Magnetar Financial LLC bought a new position in HashiCorp during the second quarter worth about $71,490,000. ING Groep NV increased its stake in shares of HashiCorp by 851.2% in the third quarter. ING Groep NV now owns 1,671,200 shares of the company’s stock worth $56,587,000 after purchasing an additional 1,495,500 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of HashiCorp in the second quarter valued at approximately $48,541,000. Finally, Westchester Capital Management LLC lifted its stake in shares of HashiCorp by 60.5% during the 3rd quarter. Westchester Capital Management LLC now owns 3,200,322 shares of the company’s stock valued at $108,363,000 after buying an additional 1,206,073 shares in the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

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.