Morgan Stanley Sticks to Their Hold Rating for HashiCorp (HCP)

In a report released today, Sanjit Singh from Morgan Stanley maintained a Hold rating on HashiCorp (HCPResearch Report), with a price target of $43.00. The company’s shares opened today at $24.36.

Singh covers the Technology sector, focusing on stocks such as Confluent, Alteryx, and Appian. According to TipRanks, Singh has an average return of 4.8% and a 49.12% success rate on recommended stocks.

Currently, the analyst consensus on HashiCorp is a Moderate Buy with an average price target of $43.50.

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The company has a one-year high of $102.95 and a one-year low of $21.50. Currently, HashiCorp has an average volume of 1.48M.

Based on the recent corporate insider activity of 75 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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