Marc Holmes, Chief Marketing Officer of HashiCorp Inc (NASDAQ:HCP), sold 13,916 shares of the company on January 10, 2024, according to a recent SEC Filing.
HashiCorp Inc is a software company that provides multi-cloud infrastructure automation solutions. The company's suite of tools assists in provisioning, securing, connecting, and running any infrastructure for any application.
Over the past year, the insider has sold a total of 211,022 shares and has not made any purchases. The recent transaction further adjusts the insider's holdings in the company.
The insider transaction history for HashiCorp Inc indicates a pattern of insider sales over the past year, with 62 insider sells recorded. In contrast, there has been only 1 insider buy during the same period.
On the date of the insider's recent sale, shares of HashiCorp Inc were trading at $22.78 each, giving the company a market capitalization of $4.471 billion.
Investors often monitor insider sales as they can provide insights into an insider's perspective on the value of the company's stock. However, insider transactions are not always indicative of future stock performance and can be influenced by various factors, including personal financial needs and portfolio diversification strategies.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
