ING Groep NV lowered its stake in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,284,600 shares of the company's stock after selling 386,600 shares during the quarter. ING Groep NV owned 0.63% of HashiCorp worth $43,946,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of HCP. State Street Corp increased its holdings in HashiCorp by 14.5% during the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company's stock worth $75,841,000 after purchasing an additional 282,965 shares during the period. Syquant Capital Sas acquired a new position in shares of HashiCorp during the fourth quarter worth about $18,554,000. Geode Capital Management LLC increased its stake in shares of HashiCorp by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company's stock worth $85,417,000 after buying an additional 385,118 shares during the period. Perigon Wealth Management LLC raised its holdings in HashiCorp by 42.7% in the fourth quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company's stock valued at $8,268,000 after acquiring an additional 72,088 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in HashiCorp by 41.9% in the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company's stock worth $390,000 after acquiring an additional 3,399 shares during the last quarter. 86.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HCP has been the topic of a number of recent analyst reports. 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 report on Monday, December 16th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, HashiCorp currently has a consensus rating of "Hold" and a consensus target price of $32.08.
View Our Latest Analysis on HCP
HashiCorp Price Performance
Shares of HCP stock traded up $0.02 during trading hours on Friday, hitting $34.50. The stock had a trading volume of 3,286,032 shares, compared to its average volume of 3,020,335. The firm has a market capitalization of $7.05 billion, a PE ratio of -56.56 and a beta of 1.18. The stock's 50 day moving average is $34.24 and its 200 day moving average is $33.96. HashiCorp, Inc. has a twelve month low of $21.50 and a twelve month high of $34.54.
Insider Buying and Selling
In related news, CEO David Mcjannet sold 47,526 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 465,978 shares of the company's stock, valued at $15,945,767.16. This trade represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Armon Dadgar sold 35,903 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.58, for a total transaction of $1,205,622.74. Following the transaction, the chief technology officer now owns 1,520,000 shares of the company's stock, valued at approximately $51,041,600. The trade was a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,229 shares of company stock worth $3,441,256 in the last 90 days. Company insiders own 22.49% of the company's stock.
HashiCorp Profile
(
Free Report)
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.
Further Reading
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