Investment Analysts’ Weekly Ratings Updates for HashiCorp (HCP)

A number of firms have modified their ratings and price targets on shares of HashiCorp (NASDAQ: HCP) recently:

• 12/17/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/16/2024 – HashiCorp had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 12/11/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/5/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/29/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/23/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/17/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/11/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/5/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/30/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/24/2024 – HashiCorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

HashiCorp Stock Down 0.1 %

HCP stock traded down $0.02 during trading hours on Friday, hitting $34.20. The company’s stock had a trading volume of 2,200,782 shares, compared to its average volume of 2,954,326. HashiCorp, Inc. has a 12 month low of $20.89 and a 12 month high of $34.26. The company has a market capitalization of $6.99 billion, a PE ratio of -56.06 and a beta of 1.21. The stock has a 50 day moving average price of $33.82 and a two-hundred day moving average price of $33.75.

Insider Activity at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 35,903 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.90, for a total value of $1,217,111.70. Following the transaction, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,528,000. The trade was a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Marc Holmes sold 13,782 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $33.81, for a total transaction of $465,969.42. Following the transaction, the chief marketing officer now directly owns 8,754 shares in the company, valued at $295,972.74. This trade represents a 61.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 229,204 shares of company stock valued at $7,747,233. 22.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HashiCorp

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in HashiCorp by 14.5% during the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after acquiring an additional 282,965 shares in the last quarter. New York Life Investment Management LLC purchased a new position in HashiCorp during the second quarter valued at approximately $11,407,000. K2 Principal Fund L.P. purchased a new position in HashiCorp during the second quarter valued at approximately $2,966,000. Alpine Associates Management Inc. raised its stake in HashiCorp by 48.7% in the third quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock worth $72,533,000 after buying an additional 701,350 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in HashiCorp by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after buying an additional 385,118 shares during the period. 86.25% of the stock is currently owned by institutional investors.

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.