Tokio Marine Asset Management Co. Ltd. Reduces Stock Position in HashiCorp, Inc. (NASDAQ:HCP)

Tokio Marine Asset Management Co. Ltd. decreased its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 51.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 279,100 shares of the company's stock after selling 290,900 shares during the period. Tokio Marine Asset Management Co. Ltd. owned approximately 0.14% of HashiCorp worth $9,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new position in HashiCorp in the 3rd quarter worth approximately $38,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of HashiCorp in the 3rd quarter worth $51,000. Blue Trust Inc. increased its holdings in HashiCorp by 331.2% during the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company's stock valued at $70,000 after buying an additional 1,580 shares during the period. KBC Group NV boosted its holdings in shares of HashiCorp by 25.8% in the 3rd quarter. KBC Group NV now owns 3,563 shares of the company's stock valued at $121,000 after buying an additional 731 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of HashiCorp by 64.8% in the third quarter. Quest Partners LLC now owns 5,837 shares of the company's stock worth $198,000 after acquiring an additional 2,296 shares during the period. Hedge funds and other institutional investors own 86.25% of the company's stock.

Insiders Place Their Bets

In related news, CTO Armon Dadgar sold 17,800 shares of HashiCorp stock in a transaction that occurred 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 of the company's stock, 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 SEC, which is available through this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 465,978 shares of the company's stock, valued at $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,132 shares of company stock worth $4,658,368 over the last three months. Insiders own 22.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HCP shares. JMP Securities reaffirmed a "market perform" rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com raised shares of HashiCorp from a "hold" rating to a "buy" rating in a report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, HashiCorp has a consensus rating of "Hold" and a consensus price target of $32.08.

HashiCorp Price Performance

Shares of HCP traded down $0.09 during mid-day trading on Wednesday, hitting $34.11. 3,372,371 shares of the company's stock were exchanged, compared to its average volume of 2,515,944. The company has a market cap of $6.97 billion, a PE ratio of -55.93 and a beta of 1.18. The company has a 50-day simple moving average of $34.09 and a 200 day simple moving average of $33.91. HashiCorp, Inc. has a 52 week low of $21.50 and a 52 week high of $34.47.

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.