HashiCorp Inc. (NASDAQ:HCP) has seen 1.57 million shares traded in the last trading session. The company, currently valued at $5.26B, closed the last trade at $29.02 per share which meant it lost -$0.4 on the day or -1.36% during that session. The HCP stock price is -186.42% off its 52-week high price of $83.12 and 25.91% above the 52-week low of $21.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.35 million shares traded. The 3-month trading volume is 1.55 million shares.
The consensus among analysts is that HashiCorp Inc. (HCP) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 16 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.31.
HashiCorp Inc. (NASDAQ:HCP) trade information
Sporting -1.36% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the HCP stock price touched $29.02 or saw a rise of 6.87%. Year-to-date, HashiCorp Inc. shares have moved 6.14%, while the 5-day performance has seen it change -1.46%. Over the past 30 days, the shares of HashiCorp Inc. (NASDAQ:HCP) have changed 7.40%. Short interest in the company has seen 8.31 million shares shorted with days to cover at 6.27.
Wall Street analysts have a consensus price target for the stock at $36.23, which means that the shares’ value could jump 19.9% from current levels. The projected low price target is $30.00 while the price target rests at a high of $42.00. In that case, then, we find that the current price level is -44.73% off the targeted high while a plunge would see the stock gain -3.38% from current levels.
HashiCorp Inc. (HCP) estimates and forecasts
Figures show that HashiCorp Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -16.32% over the past 6 months, with this year growth rate of 33.64%, compared to 7.20% for the industry. Revenue growth from the last financial year stood is estimated to be 38.90%.
13 analysts offering their estimates for the company have set an average revenue estimate of $111.09 million for the current quarter. 13 have an estimated revenue figure of $119.94 million for the next quarter concluding in Jan 2023.
HashiCorp Inc. is expected to release its next earnings report on September 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
HashiCorp Inc. (NASDAQ:HCP)’s Major holders
Insiders own 0.26% of the company shares, while shares held by institutions stand at 65.86% with a share float percentage of 66.03%. Investors are also buoyed by the number of investors in a company, with HashiCorp Inc. having a total of 182 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 6.46 million shares worth more than $190.2 million. As of Jun 29, 2022, Price (T.Rowe) Associates Inc held 8.76% of shares outstanding.
The other major institutional holder is Capital Research Global Investors, with the holding of over 5.21 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $153.26 million and represent 7.06% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Vanguard U.S. Growth Fund. As of Sep 29, 2022, the former fund manager holds about 4.55% shares in the company for having 3.36 million shares of worth $108.01 million while later fund manager owns 1.86 million shares of worth $65.14 million as of May 30, 2022, which makes it owner of about 2.52% of company’s outstanding stock.