SG Americas Securities LLC Acquires 676,212 Shares of HashiCorp, Inc. (NASDAQ:HCP)

SG Americas Securities LLC increased its stake in HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 1,512.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 720,930 shares of the company's stock after purchasing an additional 676,212 shares during the quarter. SG Americas Securities LLC owned 0.35% of HashiCorp worth $24,663,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HCP. Westchester Capital Management LLC boosted its stake in shares of HashiCorp by 60.5% in the 3rd quarter. Westchester Capital Management LLC now owns 3,200,322 shares of the company's stock worth $108,363,000 after buying an additional 1,206,073 shares during the last quarter. Geode Capital Management LLC lifted its holdings in HashiCorp by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company's stock valued at $85,417,000 after acquiring an additional 385,118 shares during the period. State Street Corp boosted its position in HashiCorp by 14.5% in the third 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 last quarter. Alpine Associates Management Inc. boosted its position in HashiCorp by 48.7% in the third quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company's stock worth $72,533,000 after purchasing an additional 701,350 shares during the last quarter. Finally, ING Groep NV grew its stake in shares of HashiCorp by 851.2% during the 3rd quarter. ING Groep NV now owns 1,671,200 shares of the company's stock valued at $56,587,000 after purchasing an additional 1,495,500 shares during the period. Institutional investors own 86.25% of the company's stock.

HashiCorp Trading Down 0.1 %

HCP traded down $0.03 on Thursday, hitting $34.25. 2,195,870 shares of the company's stock traded hands, compared to its average volume of 2,216,805. The company's 50 day simple moving average is $34.01 and its 200-day simple moving average is $33.86. HashiCorp, Inc. has a one year low of $21.50 and a one year high of $34.47. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of -56.15 and a beta of 1.18.

Analyst Upgrades and Downgrades

HCP has been the topic of several recent research reports. StockNews.com upgraded shares of HashiCorp from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. JMP Securities reiterated a "market perform" rating on shares of HashiCorp in a research 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 stock. According to MarketBeat, HashiCorp currently has an average rating of "Hold" and an average target price of $32.08.

Insider Activity at HashiCorp

In related news, CEO David Mcjannet sold 47,526 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the sale, the chief executive officer now owns 465,978 shares in the company, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief technology officer now owns 31,348 shares of the company's stock, valued at $1,073,042.04. This trade represents a 36.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,036 shares of company stock valued at $5,874,078. Corporate insiders own 22.49% of the company's stock.

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.