HashiCorp, Inc. (NASDAQ:HCP) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 15.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,118,478 shares of the company's stock after acquiring an additional 149,978 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.55% of HashiCorp worth $37,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Xponance Inc. boosted its holdings in shares of HashiCorp by 3.1% in the 2nd quarter. Xponance Inc. now owns 10,271 shares of the company's stock worth $346,000 after purchasing an additional 305 shares during the period. Comerica Bank boosted its stake in HashiCorp by 2.1% during the first quarter. Comerica Bank now owns 18,432 shares of the company's stock worth $497,000 after buying an additional 374 shares during the period. KBC Group NV boosted its stake in HashiCorp by 25.8% during the third quarter. KBC Group NV now owns 3,563 shares of the company's stock worth $121,000 after buying an additional 731 shares during the period. Victory Capital Management Inc. increased its position in HashiCorp by 4.8% during the third quarter. Victory Capital Management Inc. now owns 19,090 shares of the company's stock valued at $646,000 after acquiring an additional 873 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company's stock worth $86,000 after acquiring an additional 961 shares during the last quarter. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CTO Armon Dadgar sold 35,904 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $33.83, for a total transaction of $1,214,632.32. Following the sale, the chief technology officer now directly owns 1,520,000 shares of the company's stock, valued at $51,421,600. The trade was a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Marc Holmes sold 11,854 shares of HashiCorp stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $401,139.36. Following the sale, the chief marketing officer now directly owns 22,536 shares of the company's stock, valued at approximately $762,618.24. This represents a 34.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,208 shares of company stock worth $12,391,868. Insiders own 22.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup started coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They set a "neutral" rating and a $35.00 price target on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $35.00 target price on shares of HashiCorp in a research 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, StockNews.com initiated coverage on HashiCorp in a report on Saturday, November 23rd. They set a "hold" rating on the stock. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, HashiCorp presently has a consensus rating of "Hold" and an average price target of $32.08.

HashiCorp Price Performance

HashiCorp stock traded down $0.19 during trading hours on Thursday, reaching $33.58. The stock had a trading volume of 4,369,276 shares, compared to its average volume of 2,984,919. HashiCorp, Inc. has a 52 week low of $19.26 and a 52 week high of $34.21. The company has a market cap of $6.81 billion, a price-to-earnings ratio of -44.77 and a beta of 1.24. The business's 50 day moving average price is $33.86 and its 200-day moving average price is $33.70.

HashiCorp (NASDAQ:HCP - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.08 EPS for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The firm had revenue of $165.14 million during the quarter, compared to analyst estimates of $157.22 million. During the same quarter in the previous year, the business posted ($0.34) EPS. HashiCorp's revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts forecast that HashiCorp, Inc. will post -0.48 EPS for the current fiscal year.

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.