Wolverine Asset Management LLC Increases Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Wolverine Asset Management LLC lifted its position in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 27.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,118 shares of the company's stock after purchasing an additional 22,176 shares during the period. Wolverine Asset Management LLC owned about 0.05% of HashiCorp worth $3,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in shares of HashiCorp in the second quarter valued at $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in HashiCorp during the third quarter worth about $51,000. Advisors Asset Management Inc. increased its stake in HashiCorp by 43.0% during the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company's stock valued at $86,000 after acquiring an additional 961 shares during the period. Covestor Ltd increased its stake in HashiCorp by 12,888.9% during the first quarter. Covestor Ltd now owns 3,507 shares of the company's stock valued at $95,000 after acquiring an additional 3,480 shares during the period. Finally, Quest Partners LLC lifted its position in shares of HashiCorp by 9,736.1% in the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company's stock worth $119,000 after acquiring an additional 3,505 shares during the period. Hedge funds and other institutional investors own 87.83% of the company's stock.

Insider Buying and Selling at HashiCorp

In other HashiCorp news, CFO Navam Welihinda sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $33.87, for a total value of $169,350.00. Following the sale, the chief financial officer now owns 88,322 shares in the company, valued at $2,991,466.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Navam Welihinda sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $33.87, for a total transaction of $169,350.00. Following the completion of the sale, the chief financial officer now owns 88,322 shares of the company's stock, valued at $2,991,466.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Armon Dadgar sold 35,904 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief technology officer now directly owns 1,520,000 shares in the company, valued at approximately $51,421,600. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 371,209 shares of company stock valued at $12,559,456 in the last 90 days. 22.49% of the stock is currently owned by company insiders.

HashiCorp Trading Up 0.1 %

Shares of HCP stock traded up $0.05 on Monday, reaching $34.11. The company had a trading volume of 552,887 shares, compared to its average volume of 3,060,925. The stock has a market cap of $6.92 billion, a PE ratio of -45.44 and a beta of 1.24. The company has a 50-day moving average of $33.86 and a 200-day moving average of $33.60. HashiCorp, Inc. has a 12 month low of $19.26 and a 12 month high of $34.20.

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

Wall Street Analysts Forecast Growth

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