HashiCorp (HCP) Expected to Announce Earnings on Thursday

HashiCorp (NASDAQ:HCP) is expected to be announcing its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $175.85 million for the quarter.

HashiCorp Stock Performance

Shares of HashiCorp stock opened at $34.78 on Wednesday. The company has a market capitalization of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. HashiCorp has a 1 year low of $23.00 and a 1 year high of $34.85. The company’s fifty day moving average is $34.34 and its two-hundred day moving average is $34.03.

Analysts Set New Price Targets

A number of research firms recently issued reports on HCP. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. StockNews.com upgraded HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, HashiCorp currently has a consensus rating of “Hold” and an average target price of $32.50.

Insider Activity at HashiCorp

In related news, CEO David Mcjannet sold 47,526 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the sale, the chief executive officer now owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Armon Dadgar sold 17,800 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total transaction of $609,294.00. Following the transaction, the chief technology officer now owns 31,348 shares in the company, valued at $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.49% of the company’s stock.

About HashiCorp

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.