Brighton Jones LLC Has $1.06 Million Position in HashiCorp, Inc. (NASDAQ:HCP)

Brighton Jones LLC cut its holdings in HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 39.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,067 shares of the company's stock after selling 20,134 shares during the quarter. Brighton Jones LLC's holdings in HashiCorp were worth $1,063,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Longfellow Investment Management Co. LLC bought a new stake in shares of HashiCorp in the third quarter valued at about $38,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in HashiCorp in the 3rd quarter valued at approximately $51,000. KBC Group NV lifted its stake in HashiCorp by 25.8% in the 3rd quarter. KBC Group NV now owns 3,563 shares of the company's stock valued at $121,000 after acquiring an additional 731 shares in the last quarter. Quest Partners LLC boosted its position in HashiCorp by 64.8% during the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company's stock worth $198,000 after acquiring an additional 2,296 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV bought a new position in shares of HashiCorp during the 3rd quarter worth approximately $205,000. 86.25% of the stock is owned by institutional investors.

Insider Transactions at HashiCorp

In related news, CEO David Mcjannet sold 47,526 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the sale, the chief executive officer now owns 465,978 shares of the company's stock, valued at $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Armon Dadgar sold 35,903 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.58, for a total value of $1,205,622.74. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,041,600. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,036 shares of company stock worth $5,874,078. Company insiders own 22.49% of the company's stock.

HashiCorp Stock Performance

HashiCorp stock remained flat at $34.25 during trading hours on Friday. 3,224,960 shares of the company's stock traded hands, compared to its average volume of 1,715,247. The business's 50 day moving average is $34.02 and its 200-day moving average is $33.87. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of -56.15 and a beta of 1.18. HashiCorp, Inc. has a 52-week low of $21.50 and a 52-week high of $34.47.

Analyst Ratings Changes

Several research analysts recently commented on HCP shares. StockNews.com upgraded shares of HashiCorp from a "hold" rating to a "buy" rating in a report on Monday, January 13th. JMP Securities restated a "market perform" rating on shares of HashiCorp in a research note on Monday, December 16th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $32.08.

About HashiCorp

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.