HashiCorp (NASDAQ:HCP) Stock

HashiCorp

HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.

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HashiCorp Inc

HOLCIM PHILIPPINES ORD by Holcim Philippines Inc.

HOLCIM PHILIPPINES ADR by Holcim Philippines Inc.

News

Reported Earlier Today, UK Competition And Markets Authority Investigates Anticipated Acquisition By IBM Of HashiCorp

JMP Securities analyst Patrick Walravens reiterates HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) from Market Perform to Market Perform.

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Perform on HashiCorpto Market Perform

The earnings results for HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) for Q3 were made public on Thursday, December 5, 2024 at 04:05 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
HashiCorp beat estimated earnings by 160.0%, reporting an EPS of $0.13 versus an estimate of $0.05.
Revenue was up $27.26 million from the same period last year.
<h3>Previous Earnings Records</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 0.0% increase in the share price the next day.
Here's a look at HashiCorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>-0.01</td>
<td>0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.05</td>
<td>0.05</td>
<td>0.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>157.25M</td>
<td>153.19M</td>
<td>149.29M</td>
<td>143.24M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>165.14M</td>
<td>160.58M</td>
<td>155.78M</td>
<td>146.12M</td>
</tr>
</tbody>
</table>

To track all earnings releases for HashiCorp <a href="https://www.benzinga.com/quote/HCP/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: HashiCorp Q3 Earnings

HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) reported its Q3 earnings results on Thursday, December 5, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
HashiCorp beat estimated earnings by 160.0%, reporting an EPS of $0.13 versus an estimate of $0.05.
Revenue was up $27.26 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 0.0% increase in the share price the next day.
Here's a look at HashiCorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>-0.01</td>
<td>0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.05</td>
<td>0.05</td>
<td>0.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>157.25M</td>
<td>153.19M</td>
<td>149.29M</td>
<td>143.24M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>165.14M</td>
<td>160.58M</td>
<td>155.78M</td>
<td>146.12M</td>
</tr>
</tbody>
</table>

To track all earnings releases for HashiCorp <a href="https://www.benzinga.com/quote/HCP/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

HashiCorp Earnings Review: Q3 Summary

The earnings results for HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) for Q3 were made public on Thursday, December 5, 2024 at 04:05 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
HashiCorp beat estimated earnings by 160.0%, reporting an EPS of $0.13 versus an estimate of $0.05.
Revenue was up $27.26 million from the same period last year.
<h3>Overview of Past Earnings</h3>
In the previous quarter, the company beat on EPS by $0.08, resulting in a 0.0% increase change in the share price the following day.
Here's a look at HashiCorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>-0.01</td>
<td>0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.05</td>
<td>0.05</td>
<td>0.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>157.25M</td>
<td>153.19M</td>
<td>149.29M</td>
<td>143.24M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>165.14M</td>
<td>160.58M</td>
<td>155.78M</td>
<td>146.12M</td>
</tr>
</tbody>
</table>

To track all earnings releases for HashiCorp <a href="https://www.benzinga.com/quote/HCP/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: HashiCorp Q3

HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) just disclosed its Q3 earnings on Thursday, December 5, 2024 at 04:05 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
HashiCorp beat estimated earnings by 160.0%, reporting an EPS of $0.13 versus an estimate of $0.05.
Revenue was up $27.26 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 0.0% increase in the share price the next day.
Here's a look at HashiCorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>-0.01</td>
<td>0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.05</td>
<td>0.05</td>
<td>0.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>157.25M</td>
<td>153.19M</td>
<td>149.29M</td>
<td>143.24M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>165.14M</td>
<td>160.58M</td>
<td>155.78M</td>
<td>146.12M</td>
</tr>
</tbody>
</table>

To track all earnings releases for HashiCorp <a href="https://www.benzinga.com/quote/HCP/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Summary: HashiCorp Q3

HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.05 by 160 percent. The company reported quarterly sales of $173.40 million which beat the analyst consensus estimate of $163.94 million by 5.77 percent. This is a 18.67 percent increase over sales of $146.13 million the same period last year.

Earnings Beats

HashiCorp Q3 2025 EPS $0.13 Beats $0.05 Estimate, Sales $173.40M Beat $163.94M Estimate

<h3>Companies Reporting Before The Bell</h3>
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $420.00 million. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $344.37 million. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $1.93 billion. 
• Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.65 billion. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $268.46 million. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.37 billion. 
• Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $10.14 billion. 
• Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is projected to report quarterly earnings at $1.21 per share on revenue of $675.35 million. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $187.70 million. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $315.21 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $101.35 million. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $10.26 billion. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.46 billion. 
• Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is expected to report quarterly loss at $0.12 per share on revenue of $1.71 billion. 
• Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) is expected to report quarterly loss at $0.32 per share on revenue of $134.93 million. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $34.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $4.67 billion. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $751.36 million. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is likely to report quarterly earnings at $1.73 per share on revenue of $5.98 billion. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.07 billion. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is expected to report earnings for its second quarter. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $113.40 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its third quarter. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $253.96 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.62 per share on revenue of $1.29 billion. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $347.72 million. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $133.52 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $180.66 million. 
• Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $222.04 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $77.55 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $44.30 million. 
• Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $225.60 million. 
• Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is expected to report quarterly earnings at $2.72 per share on revenue of $2.36 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.58 per share on revenue of $684.34 million. 
• Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $283.87 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $188.25 million. 
• HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $163.39 million. 
• Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) is likely to report quarterly loss at $0.32 per share on revenue of $140.84 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is projected to report quarterly earnings at $4.52 per share on revenue of $2.50 billion. 
• Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is likely to report quarterly loss at $0.40 per share on revenue of $217.53 million. 
• Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.50 billion. 
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $310.56 million. 
• DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $745.26 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $53.23 million. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $8.26 billion. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $1.03 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AOUT

ASAN

CRMT

CSIQ

DLTH

DOCU

DOMO

GTLB

GWRE

HOFT

LAKE

LULU

PATH

PDCO

RBRK

SAIC

SMAR

SWBI

TLYS

TOUR

ULTA

VEEV

VSCO

WLYB

WOOF

ZUMZ

Earnings Scheduled For December 5, 2024

HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is set to give its latest quarterly earnings report on Thursday, 2024-12-05. Here's what investors need to know before the announcement.
Analysts estimate that HashiCorp will report an earnings per share (EPS) of $0.02. 
Investors in HashiCorp are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.08, which was followed by a 0.41% increase in the share price the next day.
Here's a look at HashiCorp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>-0.01</td>
<td>0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.05</td>
<td>0.05</td>
<td>0.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>0.0%</td>
<td>11.0%</td>
<td>-16.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733324458_0.png" alt="eps graph" />
<h3>Tracking HashiCorp's Stock Performance</h3>
Shares of HashiCorp were trading at $33.57 as of December 03. Over the last 52-week period, shares are up 34.7%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HCP/earnings">To track all earnings releases for HashiCorp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of HashiCorp's Earnings Potential

JMP Securities analyst Patrick Walravens reiterates HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Market Perform.

JMP Securities Reiterates Market Perform on HashiCorp

Citigroup analyst Fatima Boolani reinstates HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Neutral and announces $35 price target.

Price Target

Initiation

Citigroup Reinstates Neutral on HashiCorp, Announces $35 Price Target

Piper Sandler analyst James Fish reiterates HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Neutral and maintains $35 price target.

Piper Sandler Reiterates Neutral on HashiCorp, Maintains $35 Price Target

HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.00 by Infinity percent. The company reported quarterly sales of $165.138 million which beat the analyst consensus estimate of $157.251 million by 5.02 percent. This is a 15.28 percent increase over sales of $143.246 million the same period last year.

HashiCorp Q2 2025 Adj. EPS $0.08 Beats $0.00 Estimate, Sales $165.138M Beat $157.251M Estimate

HashiCorp And IBM Receive Notification From UK's CMA For Phase I Review Of Merger; Merger Expected To Close By End Of 2024

International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) disclosed securing a five-year contract with $26 million in initial funding from the U.S. Agency <a target="_blank" href="https://www.benzinga.com//node/39813102" rel="noreferrer noopener">for International Development (USAID).</a>
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, &#8220;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.&#8221;
IBM&#8217;s team will provide the continuous service needed to help USAID strengthen the ability of host government agencies and critical infrastructure operators to identify, protect, detect, respond to, and recover from cyberattacks.
Ambassador&nbsp;Erin E. McKee, Assistant Administrator,&nbsp;Europe&nbsp;and Eurasia Bureau for USAID, said, &#8220;Working with IBM and leveraging the company&#8217;s global experience and leadership in cybersecurity services, we are one step closer to meeting our strategic goals of improving development and humanitarian assistance outcomes through the use of digital technology and strengthening open, secure, and inclusive digital ecosystems.&#8221;
This week, HashiCorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) disclosed that its stockholders have preliminarily voted to approve its acquisition by IBM at the Special <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39781090/hashicorp-shareholders-vote-to-approve-transaction-with-ibm" rel="noreferrer noopener">Meeting of Stockholders</a>.
According to a regulatory <a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000114036124033090/ef20032444_8k.htm" rel="noreferrer noopener">filing</a>, on July 12, HashiCorp and IBM each received an FTC request for additional information and documentary material in connection with the merger review.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, IBM stock has gained 39%&nbsp;in last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;FT Vest&nbsp;Technology Dividend Target Income ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/TDVI#BATS">TDVI</a>) and&nbsp;FT Vest&nbsp;DJIA Dogs 10 Target Income ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/DOGG#BATS">DOGG</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39778874/what-to-expect-from-ibms-q2-earnings-bofa-forecasts-no-change-in-annual-outlook" rel="noreferrer noopener">What To Expect From IBM&#8217;s Q2 Earnings? BofA Forecasts No Change In Annual Outlook</a>
Price Action: IBM shares are up 0.52% at $186.77 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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What's Going On With IBM Shares On Wednesday?

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.

HashiCorp Stockholders Voted To Approve The Acquisition By IBM

On July 12, HashiCorp, IBM Each Received Request For Additional Information And Documentary Material From FTC In Connection With Merger Review - Filing

JMP Securities analyst Patrick Walravens downgrades HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) from Market Outperform to Market Perform.

Downgrades

JMP Securities Downgrades HashiCorp 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&nbsp;guidance&nbsp;on architecting, configuring, and operating on AWS.&nbsp;

AMZN

HashiCorp Inks Five-Year Strategic Collaboration Agreement With Amazon Web Services To Help Customers Implement Infrastructure And Security Lifecycle Management

Bears knocked on Wall Street&#8217;s door again Friday, sending large-cap tech stocks lower despite the Fed&#8217;s favorite <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39116124/bank-of-america-strategist-shifts-to-bonds-stock-sell-off-prophecy-on-benign-inflat">inflation measure meeting expectations.</a>
Both the S&amp;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%, <a href="https://www.benzinga.com/markets/equities/24/05/39113676/are-rate-cuts-imminent-after-feds-preferred-inflation-data-holds-steady-be-careful-what-you-wish">in line with expectations.</a>
However, concerns arose from a deceleration in personal spending and income, raising fears that strong consumer momentum is waning. Additionally, the Chicago PMI dropped to its lowest level since May 2020, increasing worries about an ongoing economic slowdown.
The tech-heavy Nasdaq 100 fell 1.5%, marking its third straight session of losses and its worst performance in a month. The S&amp;P 500 was down 0.4%, the Russell 2000 edged 0.1% lower, while blue-chip stocks in the Dow Jones rose 0.3%, reflecting a shift to high-quality defensive stocks.
Treasury yields fell, boosting fixed-income assets, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rising 0.6%.
Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), unexpectedly fell 0.5%, and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 1.6%.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,261.57</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,052.98</td>
<td>-0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,212.90</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,267.38</td>
<td>-1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.4% lower to $520.54</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $383.10</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA: <a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) fell 1.4% to $445.43</li>
<li>Sector-wise, the&nbsp;Real Estate &nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)&nbsp;outperformed, up by 1.6%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.5%.</li>
<li>Industry-wise, the SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>), outperformed, up 1.6%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Caesars Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NYSE">CZR</a>) rose over 10% after rumors that Carl Icahn invested in the casino company.</li>
<li>The Gap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) rose 26%, after sharply beating both earnings and revenue estimates last quarter.</li>
<li>MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) plummeted 23%, eyeing the worst day since September 2022, after the company issued weak guidance for the upcoming quarter as well as for <a href="https://www.benzinga.com/news/24/05/39112861/why-mongodb-stock-is-moving-lower-friday">the fiscal-year 2025. </a></li>
<li>Other stocks reacting to earnings were Costco Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) down 2.5%, Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) down 20%, Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) down 11%, Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) down 11%, NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) up 0.6%, Zscaler Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) up 7%, Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) up 0.9%, The Cooper Companies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) up 3.7%, and SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) down 12%. </li>
</ul>
Read now: <a href="https://www.benzinga.com/24/05/39107994/bill-ackman-plans-to-take-pershing-square-public-by-2025-following-10-5b-valuation-deal-report">Bill Ackman Plans To Take Pershing Square Public By 2025, Following $10.5B Valuation Deal: Report</a>
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Tech Stocks Crumble As Wall Street's 5-Week Rally Ends; Bonds Offer Safe Haven As Growth Worries Reemerge: What's Driving Markets Friday?

Press Releases

HashiCorp Shareholders Vote to Approve Transaction with IBM

HashiCorp to Announce Second Quarter Fiscal Year 2025 Financial Results on August 29, 2024

HashiCorp Announces Second Quarter of Fiscal Year 2025 Financial Results

Shareholder Alert: Ademi LLP continues to investigate whether HashiCorp Inc. has obtained a Fair Price for its Public Sotckholders

HashiConf 2024 brings community and customers together to do cloud right with best practices for cloud infrastructure automation

HashiCorp to announce third quarter fiscal year 2025 financial results on December 5, 2024

HashiCorp awarded a 2024 AWS partner award

HashiCorp Announces Third Quarter of Fiscal Year 2025 Financial Results

HashiCorp to announce fourth quarter fiscal year 2025 financial results on March 6, 2025

Land & Buildings Nominates Two Independent Candidates – Jim Hoffmann and Adam Troso – for Board of National Health Investors

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