HashiCorp Inc (HCP)

Shares of HashiCorp Inc (HCP) dropped by 16.43% from $24.90 to $20.81 in the trading on Friday, December 8, 2023. The reason why is HCP down today is due to concerns over the company's revenue retention trends from existing customers.

• Strong Quarterly Results but Retention Worries Persist: HashiCorp reported robust quarterly results, with a 17% YoY revenue increase to *$146.1 million and positive adjusted earnings of $0.03 per share, surpassing analyst expectations. Despite customer growth and improved cash flow, investors were troubled by a declining net dollar retention rate, which fell to 119%, down from 124% the previous quarter and 134% a year ago.
• Fourth-Quarter Outlook: HashiCorp provided a fourth-quarter revenue forecast of $148 million to $150 million, with adjusted earnings ranging from breakeven to $0.02 per share, in line with analyst estimates. However, concerns about slowing growth led to the stock's sharp decline.

HashiCorp Inc Stock (HCP) dropped by 3.26% from $21.79 to $21.08 in the trading on Wednesday October 18, 2023. The reason why HCP stock down today is due to cut in cloud spending. HashiCorp (HCP), a provider of multi-cloud infrastructure automation software, is facing pressure as enterprises scrutinize cloud-related costs. The company has cut its FY24 revenue outlook and workforce in response to the slowdown in IT spending.

HashiCorp, Inc. (HCP) faced a 5.18% decline as Truist Financial reduced its target from $36.00 to $34.00. The stock closed at $27.65, down from its open at $29.16. Analysts have mixed opinions, with one sell, four hold, and nine buy ratings, yielding a "Moderate Buy" consensus and an average target of $35.67 per MarketBeat data.

https://www.marketbeat.com/instant-alerts/nasdaq-hcp-gap-down-2023-09-01/

HashiCorp shareholders saw a rough day as the stock plummeted 25.86%, from $34.77 to $25.78. This drop was attributed to concerns about slowing growth trends in Q1 2024 and a cautious outlook due to reduced enterprise software and IT spending.

https://www.fool.com/investing/2023/06/08/why-hashicorp-stock-fell-hard-on-thursday/

HashiCorp, Inc. (HCP) dropped by 7.19%, fell to $28.15 from $30.33. HCP, as well as many other Wall Street stocks, tumbled as investors expressed concerns over the Federal Reserve's decision to raise interest rates by a quarter of a percentage point, especially amidst a banking crisis.

https://www.nytimes.com/2023/03/22/business/stock-markets-rates-fed-decision.html