HashiCorp Inc. (HCP)

Amalgamated Bank Sells 3,196 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Amalgamated Bank lessened its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP – Free Report) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,696 shares of the company’s stock after selling 3,196 shares during the period. Amalgamated Bank’s holdings in HashiCorp were worth $418,000 as of its most recent filing with the SEC. Several other institutional investors also recently modified their holdings of the business. Glynn Capital Management LLC increased its position in HashiCorp by 11.3% during the 4th quarter. Glynn Capital Management LLC now owns 596,000 shares of the company’s stock valued at $14,089,000 after purchasing an additional 60,562 shares during the period. Victory Capital Management Inc. increased its position in shares of HashiCorp by 28.8% during the fourth quarter. Victory Capital Management Inc. now owns 13,622 shares of the company’s stock worth $322,000 after buying an additional 3,046 shares during the period. State of New Jersey Common Pension Fund D raised its stake in HashiCorp by 37.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 117,544 shares of the company’s stock worth $2,779,000 after buying an additional 31,807 shares during the last quarter. Sycomore Asset Management lifted its holdings in HashiCorp by 104.7% in the fourth quarter. Sycomore Asset Management now owns 202,639 shares of the company’s stock valued at $4,965,000 after buying an additional 103,639 shares during the period. Finally, Handelsbanken Fonder AB acquired a new position in HashiCorp in the fourth quarter valued at $426,000. Institutional investors own 87.83% of the company’s stock. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $34.00 price objective on shares of HashiCorp in a research report on Wednesday, March 6th. Citigroup boosted their price target on HashiCorp from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, January 22nd. Bank of America raised their price objective on shares of HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Truist Financial reissued a “hold” rating and set a $35.00 target price (up from $27.00) on shares of HashiCorp in a research note on Thursday, April 25th. Finally, Piper Sandler lifted their price target on shares of HashiCorp from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.77. Read Our Latest Stock Report on HCP Insider Buying and Selling In related news, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $21.82, for a total transaction of $783,425.28. Following the completion of the transaction, the chief technology officer now owns 1,768,876 shares in the company, valued at $38,596,874.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Sigal Zarmi sold 4,350 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total transaction of $130,500.00. Following the transaction, the director now owns 37,991 shares of the company’s stock, valued at approximately $1,139,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $21.82, for a total value of $783,425.28. Following the completion of the sale, the chief technology officer now owns 1,768,876 shares in the company, valued at $38,596,874.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 248,511 shares of company stock worth $6,603,750. 26.13% of the stock is owned by company insiders. HashiCorp Price Performance NASDAQ HCP opened at $33.04 on Monday. The company has a fifty day moving average price of $28.49 and a 200-day moving average price of $24.75. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of -33.71 and a beta of 1.25. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $36.39. HashiCorp (NASDAQ:HCP – Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. The business had revenue of $155.78 million during the quarter, compared to the consensus estimate of $149.47 million. On average, research analysts anticipate that HashiCorp, Inc. will post -0.8 EPS for the current fiscal year. HashiCorp Company Profile (Free Report) 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.