Versor Investments LP lowered its position in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 43.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,236 shares of the company's stock after selling 68,489 shares during the quarter. HashiCorp comprises 0.5% of Versor Investments LP's portfolio, making the stock its 18th largest position. Versor Investments LP's holdings in HashiCorp were worth $3,053,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank lifted its position in shares of HashiCorp by 43.7% in the 3rd quarter. Amalgamated Bank now owns 9,085 shares of the company's stock worth $308,000 after buying an additional 2,762 shares during the last quarter. Principal Financial Group Inc. lifted 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 worth $390,000 after acquiring an additional 3,399 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in HashiCorp by 5.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 58,686 shares of the company's stock valued at $1,987,000 after acquiring an additional 3,118 shares during the period. Wolverine Asset Management LLC boosted its stake in HashiCorp by 27.4% in the third quarter. Wolverine Asset Management LLC now owns 103,118 shares of the company's stock valued at $3,492,000 after acquiring an additional 22,176 shares during the period. Finally, Entropy Technologies LP grew its holdings in shares of HashiCorp by 20.4% during the third quarter. Entropy Technologies LP now owns 9,672 shares of the company's stock valued at $327,000 after purchasing an additional 1,637 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company's stock.
HashiCorp Price Performance
Shares of NASDAQ:HCP remained flat at $34.78 during trading on Monday. The stock has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 52 week low of $23.00 and a 52 week high of $34.85. The company has a 50-day simple moving average of $34.32 and a 200-day simple moving average of $34.01.
Analyst Ratings Changes
Several brokerages recently issued reports on HCP. StockNews.com raised HashiCorp from a "hold" rating to a "buy" rating in a report on Monday, January 13th. JMP Securities reiterated 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $32.27.
Read Our Latest Stock Report on HCP
Insider Buying and Selling
In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 465,978 shares of the company's stock, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 22.49% of the stock is owned by company insiders.
HashiCorp Company Profile
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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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