JMP Securities analyst Patrick Walravens maintained a Buy rating on HashiCorp (HCP – Research Report) today and set a price target of $38.00. The company’s shares closed yesterday at $26.56.
Walravens covers the Technology sector, focusing on stocks such as Vertex, NICE, and Sprinklr. According to TipRanks, Walravens has an average return of -8.1% and a 37.22% success rate on recommended stocks.
In addition to JMP Securities, HashiCorp also received a Buy from Stifel Nicolaus’s Brad Reback in a report issued yesterday. However, on the same day, Scotiabank maintained a Hold rating on HashiCorp (NASDAQ: HCP).
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HCP market cap is currently $5.02B and has a P/E ratio of -22.03.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HCP in relation to earlier this year. Most recently, in December 2023, David McJannet, the CEO & Chairman of HCP sold 217,833.00 shares for a total of $2,451,641.61.
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HashiCorp (HCP) Company Description:
HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.
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