HashiCorp, Inc. (NASDAQ:HCP) is Silphium Asset Management Ltd's 4th Largest Position

Silphium Asset Management Ltd raised its position in HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,000 shares of the company's stock after acquiring an additional 177,524 shares during the quarter. HashiCorp makes up approximately 5.9% of Silphium Asset Management Ltd's portfolio, making the stock its 4th biggest position. Silphium Asset Management Ltd owned 0.26% of HashiCorp worth $17,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HCP. Amalgamated Bank raised its stake in shares of HashiCorp by 43.7% in the third quarter. Amalgamated Bank now owns 9,085 shares of the company's stock valued at $308,000 after acquiring an additional 2,762 shares in the last quarter. Principal Financial Group Inc. raised its holdings in HashiCorp by 41.9% in the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company's stock valued at $390,000 after acquiring an additional 3,399 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in HashiCorp by 5.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,686 shares of the company's stock worth $1,987,000 after buying an additional 3,118 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in HashiCorp by 27.4% during the third quarter. Wolverine Asset Management LLC now owns 103,118 shares of the company's stock worth $3,492,000 after purchasing an additional 22,176 shares during the last quarter. Finally, Versor Investments LP grew its position in shares of HashiCorp by 518.9% in the 3rd quarter. Versor Investments LP now owns 157,725 shares of the company's stock valued at $5,341,000 after buying an additional 132,239 shares during the last quarter. 86.25% of the stock is currently owned by hedge funds and other institutional investors.

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HashiCorp Stock Performance

HCP remained flat at $34.78 during trading on Thursday. The company has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 1-year low of $23.00 and a 1-year high of $34.85. The business has a fifty day simple moving average of $34.35 and a 200-day simple moving average of $34.03.

Insider Transactions at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 17,800 shares of the business's 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 sale, the chief technology officer now directly owns 31,348 shares in the company, valued at approximately $1,073,042.04. The trade was a 36.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Mcjannet sold 47,526 shares of the company's 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 transaction, the chief executive officer now directly owns 465,978 shares in the company, valued at approximately $15,945,767.16. This trade represents a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.49% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JMP Securities reiterated a "market perform" rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com raised HashiCorp from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $32.50.

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.