HashiCorp, Inc. provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an infrastructure-as-code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product that enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data. It also provides Consul, an application-centric networking automation product that enables practitioners to manage application traffic, security teams to secure and restrict access between applications, and operations teams to automate the underlying network infrastructure; and Nomad, a scheduler and workload orchestrator that provides practitioners with a self-service interface to manage the application lifecycle. The company was incorporated in 2013 and is headquartered in San Francisco, California.
IPO Year: 2021
Exchange: NASDAQ
Website: https://www.hashicorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/3/2024 | $35.00 | Neutral | Citigroup |
| 4/24/2024 | Buy → Neutral | BTIG Research | |
| 3/19/2024 | Sector Weight | KeyBanc Capital Markets | |
| 3/12/2024 | $31.00 | Sector Perform → Sector Outperform | Scotiabank |
| 2/26/2024 | $23.00 → $30.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/8/2023 | $28.00 → $23.00 | Outperform → Market Perform | TD Cowen |
| 12/8/2023 | $36.00 → $27.00 | Buy | Needham |
| 6/8/2023 | Buy → Neutral | BofA Securities | |
| 3/23/2023 | $37.00 | Buy | BTIG Research |
| 3/6/2023 | $39.00 | Hold → Buy | Needham |
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4 - HashiCorp, Inc. (0001720671) (Issuer)
4 - HashiCorp, Inc. (0001720671) (Issuer)
4 - HashiCorp, Inc. (0001720671) (Issuer)
4 - HashiCorp, Inc. (0001720671) (Issuer)
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8-K - HashiCorp, Inc. (0001720671) (Filer)
8-K - HashiCorp, Inc. (0001720671) (Filer)
8-K - HashiCorp, Inc. (0001720671) (Filer)
8-K - HashiCorp, Inc. (0001720671) (Filer)
8-K - HashiCorp, Inc. (0001720671) (Filer)
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Citigroup resumed coverage of HashiCorp with a rating of Neutral and set a new price target of $35.00
BTIG Research downgraded HashiCorp from Buy to Neutral
KeyBanc Capital Markets initiated coverage of HashiCorp with a rating of Sector Weight
Scotiabank upgraded HashiCorp from Sector Perform to Sector Outperform and set a new price target of $31.00
Morgan Stanley upgraded HashiCorp from Equal-Weight to Overweight and set a new price target of $30.00 from $23.00 previously
TD Cowen downgraded HashiCorp from Outperform to Market Perform and set a new price target of $23.00 from $28.00 previously
Needham reiterated coverage of HashiCorp with a rating of Buy and set a new price target of $27.00 from $36.00 previously
BofA Securities downgraded HashiCorp from Buy to Neutral
BTIG Research initiated coverage of HashiCorp with a rating of Buy and set a new price target of $37.00
Needham upgraded HashiCorp from Hold to Buy and set a new price target of $39.00
SAN FRANCISCO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced it will release financial results for the third quarter of its 2025 fiscal year, which ended October 31, 2024, after the U.S. markets close Thursday, December 5, 2024. In light of the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call to review the results or providing a financial outlook. About HashiCorp HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastru
Second quarter revenue totaled $165.1 million, representing an increase of 15% year-over-year.Trailing four quarter average Net Dollar Retention Rate was 110% at the end of the second quarter of fiscal 2025 as compared to 124% at the end of second quarter of fiscal 2024.Second quarter GAAP RPO totaled $771.5 million, representing an increase of 13% year-over-year; second quarter current GAAP RPO totaled $473.4 million, representing an increase of 19% year-over-year.Second quarter non-GAAP RPO totaled $793.3 million, representing an increase of 12% year-over-year; second quarter current non-GAAP RPO totaled $492.4 million, representing an increase of 17% year-over-year. SAN F
SAN FRANCISCO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced it will release financial results for its second quarter of 2025 fiscal year, which ended July 31, 2024, after the U.S. markets close Thursday, August 29, 2024. In light of the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call to review the results or providing a financial outlook. About HashiCorp HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastruc
First quarter revenue totaled $160.6 million, representing an increase of 16% year-over-year.Trailing four quarter average Net Dollar Retention Rate was 113% at the end of the first quarter of fiscal 2025 as compared to 127% at the end of first quarter of fiscal 2024.First quarter GAAP RPO totaled $748.5 million, representing an increase of 18% year-over-year; first quarter current GAAP RPO totaled $454.0 million, representing an increase of 22% year-over-year.First quarter non-GAAP RPO totaled $770.9 million, representing an increase of 17% year-over-year; first quarter current non-GAAP RPO totaled $473.6 million, representing an increase of 20% year-over-year. SAN FRANCISCO, May 30, 2024
SAN FRANCISCO, May 16, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced it will release financial results for its first quarter of 2025 fiscal year, which ended April 30, 2024, after the U.S. markets close Thursday, May 30, 2024. In light of the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call to review the results or providing a financial outlook. About HashiCorp HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure
$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today's AI-driven application growth and complexity HashiCorp's capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two ARMONK, N.Y. and SAN FRANCISCO, April 24, 2024 /PRNewswire/ -- IBM (NYSE:IBM) and
Fourth quarter revenue totaled $155.8 million, representing an increase of 15% year-over-year; fiscal 2024 revenue totaled $583.1 million, representing an increase of 23% year-over-yearTrailing four quarter average Net Dollar Retention Rate was 115% at the end of the fourth quarter of fiscal 2024 and 131% at the end of fourth quarter of fiscal 2023.Fourth quarter total GAAP RPO totaled $775.8 million, representing an increase of 20% year-over-year; fourth quarter current GAAP RPO totaled $460.2 million, representing an increase of 23% year-over-year.Fourth quarter total non-GAAP RPO totaled $801.4 million, representing an increase of 19% year-over-year; fourth quarter current non-GAAP RPO to
SAN FRANCISCO, Feb. 09, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leading provider of multi-cloud infrastructure automation software, today announced it will release financial results for its fourth quarter and full 2024 fiscal year, which ended Jan. 31, 2024, after the U.S. markets close Tuesday, Mar. 5, 2024. In conjunction with this announcement, HashiCorp will host a conference call Tuesday, Mar. 5, 2024 at 2 p.m. Pacific to discuss HashiCorp's financial results and financial guidance. The live conference call may be accessed by registering using this online form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that
Third quarter revenue totaled $146.1 million, representing an increase of 17% year-over-year.Trailing four quarter average Net Dollar Retention Rate was 119% at the end of the third quarter of fiscal 2024 as compared to 134% at the end of third quarter of fiscal 2023.Third quarter total GAAP RPO totaled $678.2 million, representing an increase of 28% year-over-year; Third quarter current GAAP RPO totaled $402.1 million, representing an increase of 25% year-over-year.Third quarter total non-GAAP RPO totaled $700.4 million, representing an increase of 27% year-over-year; Third quarter current non-GAAP RPO totaled $420.8 million, representing an increase of 23% year-over-year.Third quarter GAAP
SAN FRANCISCO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leading provider of multi-cloud infrastructure automation software, today announced it will release financial results for its third quarter of fiscal year 2024, which ended Oct. 31, 2023, after the U.S. markets close Thursday, Dec. 7, 2023. In conjunction with this announcement, HashiCorp will host a conference call Thursday, Dec. 7, 2023 at 2 p.m. Pacific to discuss HashiCorp's financial results and financial guidance. The live conference call may be accessed by registering using this online form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can b
SAN FRANCISCO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced it will release financial results for the third quarter of its 2025 fiscal year, which ended October 31, 2024, after the U.S. markets close Thursday, December 5, 2024. In light of the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call to review the results or providing a financial outlook. About HashiCorp HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastru
BOSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ Company, is hosting its annual flagship conference, HashiConf, beginning today in Boston. More than 1,400 in-person attendees and 5,000 virtual viewers will join HashiConf to learn about new product announcements supporting enterprises as they scale their platform teams with comprehensive Infrastructure (ILM) and Security (SLM) Lifecycle Management. These new capabilities address Day 0 concerns related to launching enterprise cloud programs and adopting automation workflows like infrastructure as code (IaC) and identity-based access control, through Day 2+ concerns related to standardization,
Second quarter revenue totaled $165.1 million, representing an increase of 15% year-over-year.Trailing four quarter average Net Dollar Retention Rate was 110% at the end of the second quarter of fiscal 2025 as compared to 124% at the end of second quarter of fiscal 2024.Second quarter GAAP RPO totaled $771.5 million, representing an increase of 13% year-over-year; second quarter current GAAP RPO totaled $473.4 million, representing an increase of 19% year-over-year.Second quarter non-GAAP RPO totaled $793.3 million, representing an increase of 12% year-over-year; second quarter current non-GAAP RPO totaled $492.4 million, representing an increase of 17% year-over-year. SAN F
SAN FRANCISCO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced it will release financial results for its second quarter of 2025 fiscal year, which ended July 31, 2024, after the U.S. markets close Thursday, August 29, 2024. In light of the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call to review the results or providing a financial outlook. About HashiCorp HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastruc
SAN FRANCISCO, July 15, 2024 (GLOBE NEWSWIRE) -- HashiCorp Inc. (NASDAQ:HCP), a leading multi-cloud infrastructure automation company, today announced that at the Special Meeting of Stockholders (the "Special Meeting") held earlier today, based on preliminary voting results, HashiCorp stockholders voted to approve the acquisition of HashiCorp by IBM (NYSE:IBM). "We are pleased to achieve this important milestone towards officially joining IBM and thank our stockholders for their support," said Dave McJannet, HashiCorp chief executive office. "By uniting two leading technology businesses with complementary visions, this transaction provides an incredible opportunity to accelerate HashiCorp
SAN FRANCISCO, June 27, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today released its 2024 State of Cloud Strategy Survey. As organizations continue building their cloud programs by adopting lifecycle management for infrastructure and security, survey results show that despite this momentum only 8% of organizations qualify as having highly mature cloud programs. "This year's State of Cloud Strategy Survey focused on the impact cloud maturity, defined as adopting, standardizing, and scaling key practices across the entire organization. The results show that the majority of organizations struggle to deliver cloud programs resulting in positiv
SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced a strategic collaboration agreement with Amazon Web Services (AWS) to help customers implement infrastructure and security lifecycle management. Under this five-year agreement, AWS and HashiCorp will expand investments in co-innovation and go-to-market collaboration on behalf of customers. AWS and HashiCorp have a long history of working closely together. HashiCorp was recognized as AWS' Security Partner of the Year in North America in 2022 and Global Collaboration Partner of the Year in 2023. The AWS provider for HashiCorp Terraform, a critical tool for develo
LONDON, June 04, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced at HashiDays London a European expansion of the HashiCorp Cloud Platform (HCP), starting with HCP Terraform®. The European expansion of HCP — a unification of HashiCorp's products onto a single platform — along with enhancements across HashiCorp's solutions for Infrastructure and Security Lifecycle Management, bring together The Infrastructure Cloud to unlock developer potential while controlling cloud costs and risk for customers across the globe. HashiCorp's forthcoming 2024 State of Cloud Strategy Survey indicates that only 8% of respondents have attained high
First quarter revenue totaled $160.6 million, representing an increase of 16% year-over-year.Trailing four quarter average Net Dollar Retention Rate was 113% at the end of the first quarter of fiscal 2025 as compared to 127% at the end of first quarter of fiscal 2024.First quarter GAAP RPO totaled $748.5 million, representing an increase of 18% year-over-year; first quarter current GAAP RPO totaled $454.0 million, representing an increase of 22% year-over-year.First quarter non-GAAP RPO totaled $770.9 million, representing an increase of 17% year-over-year; first quarter current non-GAAP RPO totaled $473.6 million, representing an increase of 20% year-over-year. SAN FRANCISCO, May 30, 2024
SAN FRANCISCO, May 16, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), The Infrastructure Cloud™ company, today announced it will release financial results for its first quarter of 2025 fiscal year, which ended April 30, 2024, after the U.S. markets close Thursday, May 30, 2024. In light of the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call to review the results or providing a financial outlook. About HashiCorp HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure
Company adds proven SaaS public company CHRO, Jeff Harper, and additional senior roles amidst ongoing scale and expansion. AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced it has brought on public SaaS company veteran Jeff Harper as Chief Human Resources Officer (CHRO) to help scale the organization and infrastructure, continue to attract and retain exceptional talent, and steward AuditBoard's award-winning company culture through continued rapid growth. In addition, AuditBoard has appointed two internal leaders to new senior positions to support the next phase of growth and expansion for the business, naming Anthony Pl
SAN FRANCISCO, Jan. 08, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leader in multi-cloud infrastructure automation software, today announced that Michael Weingartner has joined HashiCorp as its first Chief Product Officer (CPO), and that Talha Tariq has been promoted to Chief Information Officer (CIO) and Chief Security Officer (CSO). Effective immediately, Weingartner and Tariq will both report to HashiCorp CEO Dave McJannet. "Michael joins HashiCorp as our first CPO, and we're thrilled to have him. He has decades of leadership experience building and driving research and development, supporting large and complex engineering teams and multiple product lines. His experience
Paul Brook brings over 25 years of world-class customer success expertise to the cloud-based education technology leader as the company aims to expand U.S. and International Market Share PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, today announced that Paul Brook joins the company as Chief Customer Officer (CCO) beginning February 1, 2023. Brook brings over two-decades experience developing and managing world-class customer success, services, support, and renewal organizations for SaaS and on-premises software companies. As CCO, Brook will lead PowerSchool's Professional Services and Customer Support teams, further aligning the
SAN FRANCISCO, Sept. 27, 2022 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leading provider of multi-cloud infrastructure automation software, today announced it has appointed David Henshall to its board of directors, effective immediately. Most recently Henshall held the role of chief executive officer at Citrix Systems. During his nearly two decades with the company he also held roles as chief operating officer and chief financial officer, overseeing the company's worldwide finance, operations, and administration organizations. "I'm thrilled to welcome David to HashiCorp's board of directors. I believe he'll bring a great deal of value to HashiCorp given his extensive experience
SAN FRANCISCO, April 28, 2022 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leading provider of multi-cloud infrastructure automation software, today announced it has appointed Gurpreet Singh as senior vice president of networking, responsible for leading the engineering, design and product teams for HashiCorp Consul®, the company's cloud service networking solution designed and built for the cloud era. Consul helps organizations more easily manage the unique networking and security challenges experienced in the cloud, where rapid growth and increased scale create new complexities, while requiring a new approach. Bringing Singh onboard is part of HashiCorp's ongoing, significant inv
NEW YORK, Feb. 10, 2022 /PRNewswire/ -- BigID, the leading data intelligence platform that enables organizations to know their enterprise data and take action for privacy, security, and governance, today announced the appointment of financial services executive Sigal Zarmi, to its Board of Advisors ("the Board"). Ms. Zarmi is an award-winning Chief Information Officer (CIO) and former International CIO and head of Digital Transformation at Morgan Stanley, having previously held senior technology positions at GE Capital, and PWC as well. She currently serves on two public com
International Business Machines Corporation (NYSE:IBM) disclosed securing a five-year contract with $26 million in initial funding from the U.S. Agency for International Development (USAID). The contract will support the Cybersecurity Protection and Response (CPR) program, enhancing cybersecurity for host governments in Europe and Eurasia. Alice Fakir, Partner, Lead of Cybersecurity Services, U.S. Federal Market for IBM Consulting, stated, “For USAID host countries to benefit from IT modernization efforts, they must incorporate cyber threat mitigation and capacity-building into their program design and implementation.” IBM’s team will provide the continuous service needed to help US
The final voting results of the Special Meeting will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission. The transaction is expected to close by the end of 2024, subject to the remaining regulatory approvals and other customary closing conditions under the merger agreement.
JMP Securities analyst Patrick Walravens downgrades HashiCorp (NASDAQ:HCP) from Market Outperform to Market Perform.
Under this five-year agreement, AWS and HashiCorp will expand investments in co-innovation and go-to-market collaboration on behalf of customers. As part of the agreement, AWS and HashiCorp will co-develop comprehensive Terraform policies that provide expert guidance on architecting, configuring, and operating on AWS.
Bears knocked on Wall Street’s door again Friday, sending large-cap tech stocks lower despite the Fed’s favorite inflation measure meeting expectations. Both the S&P 500 and the Nasdaq 100 index are set to end a 5-week winning streak as investors grow more cautious about the latest economic developments. In April 2024, the Personal Consumption Expenditure (PCE) price index held steady at 2.7% year-on-year, matching the previous month and forecasts. The annual core inflation rate also remained unchanged at 2.8%, in line with expectations. However, concerns arose from a deceleration in personal spending and income, raising fears that strong consumer momentum is waning. Additionally, t
As announced on April 24, 2024, HashiCorp and IBM have entered into a definitive agreement under which IBM will acquire HashiCorp for $35.00 per share in cash, representing an enterprise value of $6.4 billion. The transaction is currently expected to close by the end of 2024
HashiCorp (NASDAQ:HCP) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $(0.01) by 600 percent. This is a 171.43 percent increase over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $160.579 million which beat the analyst consensus estimate of $153.194 million by 4.82 percent. This is a 16.38 percent increase over sales of $137.983 million the same period last year.
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks. In economic news, the second estimate of first-quarter GDP growth was revised down to 1.3% from the initial 1.6% estimate, driven by slower consumer spending growth. Inflation also saw a slight decrease. New York Fed President John Williams stated there is no immediate need to adjust monetary policy and expects inflation to continue its decline, reaching the 2% target by 2025.