Professional
Added to YB: 2023-12-18
Pitch date: 2023-11-03
HCP [bullish]
HashiCorp, Inc.
+75.04%
current return
Author Info
Meditation Capital is a global long-only fund with a focus on investing in quality companies with exceptional products. Their goal is to generate high rates of return while striving to continually maintain safety of principal. Sign up for the newsletter.
Company Info
HashiCorp, Inc. engages in the provision of multi-cloud infrastructure automation solutions worldwide.
Market Cap
$7.1B
Pitch Price
$19.87
Price Target
N/A
Dividend
N/A
EV/EBITDA
-38.45
P/E
-57.11
EV/Sales
8.81
Sector
Software
Category
growth
Meditation Capital new position - HCP
$HCP: Infra mgmt tools 4 multi-cloud; 4.2x '24 sales w/ $1.2B cash, 36% F500 clients; upside in enterprise transition & $2B LT rev target; risks: macro, sales execution, discretionary; dominant share & critical tools signal value
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