On September 24, 2024, Marc Holmes, Chief Marketing Officer of HashiCorp Inc (HCP, Financial), executed a sale of 13,782 shares of the company. The transaction was filed on September 25, 2024, as reported in the SEC Filing. Following this transaction, the insider now owns 8,754 shares of HashiCorp Inc.
HashiCorp Inc is a software company that provides open-source tools and commercial products that enable developers, operators, and security professionals to provision, secure, run, and connect cloud-computing infrastructure. It focuses on developing products that work on any infrastructure and across multiple clouds.
Over the past year, Marc Holmes has sold a total of 297,638 shares of HashiCorp Inc and has not made any purchases of the stock. This recent sale is part of a broader trend seen within the company, where there have been 76 insider sells and no insider buys over the past year.
Shares of HashiCorp Inc were trading at $33.81 on the day of the transaction. The company has a market cap of approximately $6.87 billion. According to the GF Value, the stock is currently Fairly Valued, with a price-to-GF-Value ratio of 0.94. The GF Value of $35.93 is derived from historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for expected future business performance.
The insider transaction trend at HashiCorp Inc suggests a predominance of selling activities among insiders, which could be an area of interest for investors and market analysts. The following GF Value chart provides further insight into the stock’s valuation.
This sale by Marc Holmes continues the pattern of insider transactions at HashiCorp Inc, and it remains an important indicator for stakeholders tracking insider behaviors and company valuation metrics.
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