Townsend Asset Management Corp NC ADV Invests $205,000 in HashiCorp, Inc. (NASDAQ:HCP)

Townsend Asset Management Corp NC ADV bought a new stake in HashiCorp, Inc. (NASDAQ:HCP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,059 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in HashiCorp during the second quarter valued at approximately $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in HashiCorp in the third quarter valued at $51,000. Advisors Asset Management Inc. raised its stake in HashiCorp by 43.0% during the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after acquiring an additional 961 shares in the last quarter. Covestor Ltd lifted its holdings in shares of HashiCorp by 12,888.9% during the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after acquiring an additional 3,480 shares during the period. Finally, Quest Partners LLC boosted its stake in shares of HashiCorp by 9,736.1% in the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock valued at $119,000 after purchasing an additional 3,505 shares in the last quarter. 87.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other HashiCorp news, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $33.71, for a total transaction of $1,210,323.84. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,239,200. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other HashiCorp news, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $33.71, for a total value of $1,210,323.84. Following the sale, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,239,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Mcjannet sold 48,055 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the transaction, the chief executive officer now directly owns 419,531 shares of the company’s stock, valued at $14,196,929.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,221 shares of company stock worth $11,808,210 over the last ninety days. 22.49% of the stock is currently owned by corporate insiders.

HashiCorp Trading Up 0.3 %

Shares of NASDAQ HCP opened at $33.83 on Tuesday. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $34.06. The firm’s 50-day moving average is $33.85 and its 200-day moving average is $32.79. The firm has a market capitalization of $6.80 billion, a PE ratio of -35.24 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last released its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The firm had revenue of $165.14 million during the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.34) EPS. As a group, equities research analysts anticipate that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HCP. Citigroup began coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price target for the company. StockNews.com assumed coverage on shares of HashiCorp in a research note on Friday. They issued a “hold” rating for the company. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $35.00 price objective on shares of HashiCorp in a research report on Friday, August 30th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.08.

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.