SBI Securities Co. Ltd. purchased a new stake in HashiCorp, Inc. (NASDAQ:HCP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,970 shares of the company's stock, valued at approximately $923,000.
Other institutional investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of HashiCorp in the 3rd quarter valued at $38,000. Blue Trust Inc. boosted its holdings in HashiCorp by 331.2% in the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company's stock valued at $70,000 after acquiring an additional 1,580 shares during the last quarter. KBC Group NV increased its position in HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company's stock worth $121,000 after purchasing an additional 731 shares during the period. Quest Partners LLC raised its holdings in HashiCorp by 64.8% during the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company's stock worth $198,000 after purchasing an additional 2,296 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in HashiCorp by 43.8% during the 3rd quarter. MetLife Investment Management LLC now owns 7,491 shares of the company's stock valued at $254,000 after purchasing an additional 2,282 shares during the period. Institutional investors own 86.25% of the company's stock.
HashiCorp Price Performance
Shares of HCP remained flat at $34.78 on Friday. The business's 50 day simple moving average is $34.36 and its two-hundred day simple moving average is $34.04. HashiCorp, Inc. has a 52 week low of $23.00 and a 52 week 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.
Wall Street Analyst Weigh In
Several brokerages have recently commented on HCP. StockNews.com upgraded shares of HashiCorp from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. JMP Securities restated a "market perform" rating on shares of HashiCorp in a research report on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, HashiCorp currently has a consensus rating of "Hold" and an average price target of $35.00.
Check Out Our Latest Stock Report on HCP
Insider Activity at HashiCorp
In related news, CTO Armon Dadgar sold 17,800 shares of the 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 owns 31,348 shares in the company, valued at approximately $1,073,042.04. This represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction 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. The trade was a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.49% of the stock is currently owned by insiders.
About HashiCorp
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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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