Carlson Capital L.P. Buys Shares of 60,700 HashiCorp, Inc. (NASDAQ:HCP)

Carlson Capital L.P. purchased a new position in HashiCorp, Inc. (NASDAQ:HCP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,700 shares of the company's stock, valued at approximately $2,077,000. HashiCorp accounts for 1.2% of Carlson Capital L.P.'s holdings, making the stock its 6th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of HCP. Principal Financial Group Inc. boosted its position in shares of HashiCorp by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 11,913 shares of the company's stock worth $408,000 after purchasing an additional 397 shares in the last quarter. KBC Group NV increased its stake in shares of 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 purchasing an additional 731 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in HashiCorp by 4.8% in the 3rd quarter. Victory Capital Management Inc. now owns 19,090 shares of the company's stock worth $646,000 after buying an additional 873 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in HashiCorp in the 3rd quarter worth about $38,000. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of HashiCorp by 15.9% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 8,461 shares of the company's stock worth $286,000 after purchasing an additional 1,160 shares during the last quarter. 86.25% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In other news, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total value of $609,294.00. Following the sale, the chief technology officer now directly owns 31,348 shares in the company, valued at $1,073,042.04. This represents a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Mcjannet sold 47,526 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the sale, the chief executive officer now owns 465,978 shares in the company, valued at $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,229 shares of company stock valued at $3,441,256 over the last ninety days. Corporate insiders own 22.49% of the company's stock.

HashiCorp Stock Performance

NASDAQ HCP remained flat at $34.78 during trading hours on Friday. HashiCorp, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $34.85. The stock has a market capitalization of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. The stock's fifty day simple moving average is $34.32 and its 200 day simple moving average is $34.01.

Analyst Ratings Changes

Several research firms have recently commented on HCP. StockNews.com raised shares of HashiCorp from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. JMP Securities reaffirmed a "market perform" rating on shares of HashiCorp in a research report on Monday, December 16th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $32.27.

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.