HashiCorp Inc (NASDAQ: HCP) is 13.92% higher on its value in year-to-date trading and has touched a low of $18.91 and a high of $36.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HCP stock was last observed hovering at around $27.11 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $26.93, the stock is 1.87% and 10.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.66% at the moment leaves the stock 9.64% off its SMA200. HCP registered -9.08% loss for a year compared to 6-month loss of 17.09%. The firm has a 50-day simple moving average (SMA 50) of $7.05 and a 200-day simple moving average (SMA200) of -$16.79.
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The stock witnessed a 21.75% gain in the last 1 month and extending the period to 3 months gives it a 14.84%, and is -5.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.76% over the week and 4.73% over the month.
HashiCorp Inc (HCP) has around 2200 employees, a market worth around $5.37B and $583.14M in sales. Fwd P/E is 101.12. Profit margin for the company is -32.70%. Distance from 52-week low is 42.41% and -26.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.59%).
HashiCorp Inc quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $153.15M over the same period.The EPS is expected to grow by 182.47% this year, but quarterly earnings will post 10.70% year-over-year.
HashiCorp Inc (HCP) Top Institutional Holders
323 institutions hold shares in HashiCorp Inc (HCP), with institutional investors hold 87.71% of the company’s shares. The shares outstanding are 125.33M, and float is at 111.29M with Short Float at 6.65%. Institutions hold 83.48% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 10.72 million shares valued at $288.76 million. The investor’s holdings represent 8.48% of the HCP Shares outstanding. As of Dec 30, 2023, the second largest holder is Baillie Gifford and Company with 6.73 million shares valued at $181.26 million to account for 5.32% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.07 million shares representing 4.80% and valued at over $163.4 million, while TPG GP A, LLC holds 4.15% of the shares totaling 5.24 million with a market value of $141.16 million.
HashiCorp Inc (HCP) Insider Activity
The most recent transaction is an insider sale by McJannet David,the company’sCEO and Chairman. SEC filings show that McJannet David sold 33,331 shares of the company’s common stock on Mar 21 ’24 at a price of $27.38 per share for a total of $0.91 million. Following the sale, the insider now owns 0.33 million shares.
HashiCorp Inc disclosed in a document filed with the SEC on Mar 21 ’24 that St. Ledger Susan (President, Worldwide Field Ops) sold a total of 17,895 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $27.39 per share for $0.49 million. Following the transaction, the insider now directly holds 0.12 million shares of the HCP stock.
Still, SEC filings show that on Mar 21 ’24, Dadgar Armon (Chief Technology Officer) disposed off 10,241 shares at an average price of $27.39 for $0.28 million. The insider now directly holds 144,820 shares of HashiCorp Inc (HCP).
