Ashton Thomas Private Wealth LLC Purchases 1,160 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Ashton Thomas Private Wealth LLC boosted its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,461 shares of the company’s stock after acquiring an additional 1,160 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in HashiCorp were worth $286,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC bought a new stake in shares of HashiCorp during the 2nd quarter valued at $40,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of HashiCorp during the 3rd quarter valued at about $51,000. Advisors Asset Management Inc. grew its stake in shares of HashiCorp by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after acquiring an additional 961 shares during the period. Covestor Ltd increased its holdings in HashiCorp by 12,888.9% in the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after acquiring an additional 3,480 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in HashiCorp by 9,736.1% during the second 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. Institutional investors own 87.83% of the company’s stock.

HashiCorp Stock Performance

Shares of NASDAQ HCP opened at $33.91 on Friday. The company has a market capitalization of $6.88 billion, a PE ratio of -45.21 and a beta of 1.24. The company’s fifty day moving average price is $33.87 and its 200 day moving average price is $33.63. HashiCorp, Inc. has a 1 year low of $19.26 and a 1 year high of $34.21.

HashiCorp (NASDAQ:HCP) last issued its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $165.14 million during the quarter, compared to the consensus estimate of $157.22 million. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the company earned ($0.34) EPS. On average, equities analysts expect that HashiCorp, Inc. will post -0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at HashiCorp

In other news, CEO David Mcjannet sold 48,055 shares of the company’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 completion of the sale, the chief executive officer now owns 419,531 shares in the company, valued at $14,196,929.04. This represents a 10.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.86, for a total value of $1,215,709.44. Following the completion of the sale, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,467,200. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,209 shares of company stock worth $12,559,456. Insiders own 22.49% of the company’s stock.

HashiCorp 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.