10:21 AM EDT, 03/18/2024 (MT Newswires) -- HashiCorp ( HCP ) has been contemplating a company sale and other options, Bloomberg News reported Saturday, citing people with knowledge of the matter.

The software provider has been working with an undisclosed financial adviser in recent months to weigh interest from potential buyers and has held exploratory discussions with certain parties, the unnamed sources told the news outlet.

A representative for the company didn't respond to requests for comment, according to Bloomberg.

HashiCorp ( HCP ) didn't immediately respond to MT Newswires' request for comment.

The company's shares were up 9.3% in recent Monday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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