This transaction was conducted under a pre-established Rule 10b5-1 trading plan, which Dadgar adopted on September 7, 2023. Following this sale, Dadgar's indirect holdings include 152,000 shares held by the Armon Dadgar 2020 Charitable Trust, as well as additional shares held through various trusts and entities he controls. The $6.81B market cap company maintains strong fundamentals with an impressive 82% gross profit margin, and investors should note that HashiCorp (NASDAQ:HCP)'s next earnings report is scheduled for December 5, 2024. For deeper insights into HashiCorp's financial health and valuation metrics, check out the comprehensive analysis available on InvestingPro. The $6.81B market cap company maintains strong fundamentals with an impressive 82% gross profit margin, and investors should note that HashiCorp's next earnings report is scheduled for December 5, 2024. For deeper insights into HashiCorp's financial health and valuation metrics, check out the comprehensive analysis available on InvestingPro.
This transaction was conducted under a pre-established Rule 10b5-1 trading plan, which Dadgar adopted on September 7, 2023. Following this sale, Dadgar's indirect holdings include 152,000 shares held by the Armon Dadgar 2020 Charitable Trust, as well as additional shares held through various trusts and entities he controls.
In other recent news, HashiCorp's merger with IBM (NYSE:IBM) is anticipated to be completed in early 2025, according to a recent Securities and Exchange Commission filing. The merger is contingent on certain conditions, including regulatory approvals. In the midst of this, HashiCorp recently reported robust Q2 financial results, with revenue reaching $165.1 million, a growth rate of 15.3%, and non-GAAP operating income turning positive for the first time.
The company's earnings per share (EPS) of $0.08 also exceeded estimates. Following these results, BTIG maintained a Neutral rating on HashiCorp, while Citi resumed coverage with a neutral rating. KeyBanc also maintained its Sector Weight rating on the company. These recent developments are part of an ongoing narrative for HashiCorp, which is awaiting the completion of its acquisition by IBM.
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