Chief Marketing Officer Marc Holmes Sells 13,728 Shares of HashiCorp Inc (HCP)

On June 24, 2024, Marc Holmes, Chief Marketing Officer at HashiCorp Inc (NASDAQ:HCP), sold 13,728 shares of the company’s stock. The transaction was completed on June 26, 2024, according to a report filed with the SEC. Following this transaction, the insider now holds 4,368 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 in any cloud environment, helping companies manage their IT and security needs more efficiently.

Over the last year, Marc Holmes sold a total of 322,336 shares of HashiCorp Inc and made no stock purchases. This recent transaction is part of a broader trend seen at the company, where there have been 74 insider sales and no insider purchases over the past year.

On the day of the transaction, HashiCorp Inc shares were trading at a price of $33.48. The company currently has a market capitalization of around $6.73 billion. According to GF Value, the intrinsic value of the stock is estimated at $36.20, which indicates that the stock is fairly valued, with a price-to-value ratio of GF of 0.92.

GF is calculated using historical multiples such as price-to-earnings, price-to-sales, price-to-book, and price-to-free cash flow, adjusted for the company’s past performance and expected future business performance.

This insider selling may be of interest to investors who track insider behavior and company valuation metrics to gauge market sentiment and potential future stock movements.

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