New York Life Investment Management LLC trimmed its stake in HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 278,535 shares of the company's stock after selling 61,508 shares during the period. New York Life Investment Management LLC owned about 0.14% of HashiCorp worth $9,529,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in HCP. Principal Financial Group Inc. boosted its holdings in HashiCorp by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 11,913 shares of the company's stock valued at $408,000 after acquiring an additional 397 shares during the period. KBC Group NV boosted its stake in shares of HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company's stock valued at $121,000 after purchasing an additional 731 shares during the period. Victory Capital Management Inc. grew its holdings in shares of HashiCorp by 4.8% in the third quarter. Victory Capital Management Inc. now owns 19,090 shares of the company's stock valued at $646,000 after purchasing an additional 873 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in HashiCorp during the 3rd quarter worth approximately $38,000. Finally, Ashton Thomas Private Wealth LLC increased its stake in 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 buying an additional 1,160 shares during the period. 86.25% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at HashiCorp
In other 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 value 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 approximately $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Armon Dadgar sold 17,800 shares of HashiCorp stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total transaction of $609,294.00. Following the completion of the transaction, the chief technology officer now directly owns 31,348 shares in the company, valued at $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.49% of the stock is owned by corporate insiders.
HashiCorp Price Performance
Shares of NASDAQ:HCP remained flat at $34.78 during trading on Monday. The company's 50-day moving average price is $34.32 and its 200 day moving average price is $34.01. HashiCorp, Inc. has a one year low of $23.00 and a one year high of $34.85. The stock has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18.
Analyst Ratings Changes
Several equities analysts have commented on the stock. StockNews.com upgraded shares of HashiCorp from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. JMP Securities reissued 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 three have given a buy rating to the company's stock. According to MarketBeat, HashiCorp presently has a consensus rating of "Hold" and a consensus target price of $32.27.
Read Our Latest Stock Report on HCP
HashiCorp Company 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.
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