Quarry LP Takes Position in HashiCorp, Inc. (NASDAQ:HCP)

Quarry LP purchased a new stake in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $846,000.

Several other institutional investors have also recently made changes to their positions in the business. California State Teachers Retirement System lifted its position in HashiCorp by 5.1% during the first quarter. California State Teachers Retirement System now owns 111,076 shares of the company's stock valued at $2,993,000 after purchasing an additional 5,372 shares in the last quarter. Comerica Bank grew its stake in shares of HashiCorp by 2.1% during the 1st quarter. Comerica Bank now owns 18,432 shares of the company's stock valued at $497,000 after acquiring an additional 374 shares during the period. Cetera Advisors LLC purchased a new stake in HashiCorp in the 1st quarter worth approximately $379,000. CWM LLC raised its stake in HashiCorp by 311.1% during the 2nd quarter. CWM LLC now owns 8,127 shares of the company's stock worth $274,000 after acquiring an additional 6,150 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in HashiCorp by 111.6% during the second quarter. SG Americas Securities LLC now owns 150,713 shares of the company's stock valued at $5,078,000 after purchasing an additional 79,485 shares in the last quarter. Institutional investors own 87.83% of the company's stock.

Analysts Set New Price Targets

HCP has been the subject of a number of analyst reports. StockNews.com assumed coverage on shares of HashiCorp in a research note on Thursday. They issued a "hold" rating for the company. Piper Sandler reissued a "neutral" rating and set a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. JMP Securities reaffirmed a "market perform" rating on shares of HashiCorp in a research note on Monday, September 16th. Finally, Citigroup began coverage on HashiCorp in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $35.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $32.08.

Insider Activity at HashiCorp

In other HashiCorp news, CMO Marc Holmes sold 13,916 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total transaction of $470,360.80. Following the completion of the transaction, the chief marketing officer now owns 4,368 shares in the company, valued at $147,638.40. The trade was a 76.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Armon Dadgar sold 35,903 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.58, for a total value of $1,205,622.74. Following the completion of the transaction, the chief technology officer now directly owns 1,520,000 shares in the company, valued at $51,041,600. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,207 shares of company stock valued at $12,382,858. Insiders own 22.49% of the company's stock.

HashiCorp Trading Up 0.1 %

HCP traded up $0.04 during trading hours on Thursday, hitting $33.62. The company's stock had a trading volume of 539,968 shares, compared to its average volume of 2,949,024. The business's 50-day moving average price is $33.83 and its 200-day moving average price is $33.72. HashiCorp, Inc. has a 12 month low of $19.26 and a 12 month high of $34.21.

HashiCorp Profile

HashiCorp, Inc engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up.