HashiCorp, Inc. (NASDAQ:HCP) Stock Holdings Raised by Versor Investments LP

Versor Investments LP grew its stake in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 518.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 157,725 shares of the company's stock after acquiring an additional 132,239 shares during the quarter. HashiCorp comprises about 0.8% of Versor Investments LP's portfolio, making the stock its 9th biggest holding. Versor Investments LP owned approximately 0.08% of HashiCorp worth $5,341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HCP. American Capital Advisory LLC bought a new stake in shares of HashiCorp in the 2nd quarter valued at $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of HashiCorp in the 3rd quarter worth $51,000. Advisors Asset Management Inc. raised its position in HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company's stock worth $86,000 after purchasing an additional 961 shares during the period. Covestor Ltd grew its stake in shares of HashiCorp by 12,888.9% in the first quarter. Covestor Ltd now owns 3,507 shares of the company's stock worth $95,000 after purchasing an additional 3,480 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in HashiCorp by 9,736.1% in the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company's stock worth $119,000 after purchasing an additional 3,505 shares in the last quarter. Institutional investors own 87.83% of the company's stock.

HashiCorp Price Performance

HashiCorp stock traded up $0.02 during midday trading on Monday, reaching $34.08. 866,758 shares of the company traded hands, compared to its average volume of 3,062,365. HashiCorp, Inc. has a 12 month low of $19.26 and a 12 month high of $34.21. The business has a 50 day moving average of $33.86 and a two-hundred day moving average of $33.60. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of -45.44 and a beta of 1.24.

HashiCorp (NASDAQ:HCP - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The firm had revenue of $165.14 million for the quarter, compared to the consensus estimate of $157.22 million. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) earnings per share. As a group, equities analysts forecast that HashiCorp, Inc. will post -0.48 EPS for the current year.

Analyst Upgrades and Downgrades

HCP has been the subject of several research reports. JMP Securities reissued a "market perform" rating on shares of HashiCorp in a research report on Monday, September 16th. StockNews.com began coverage on shares of HashiCorp in a report on Monday. They set a "hold" rating on the stock. Piper Sandler reiterated a "neutral" rating and issued a $35.00 price target on shares of HashiCorp in a research note on Friday, August 30th. Finally, Citigroup began coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a "neutral" rating and a $35.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $32.08.

Insider Buying and Selling

In other HashiCorp news, CMO Marc Holmes sold 13,916 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total transaction of $470,360.80. Following the sale, the chief marketing officer now directly owns 4,368 shares of the company's stock, valued at $147,638.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David Mcjannet sold 48,055 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the completion of the transaction, the chief executive officer now owns 419,531 shares in the company, valued at $14,196,929.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Marc Holmes sold 13,916 shares of HashiCorp stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total value of $470,360.80. Following the completion of the sale, the chief marketing officer now directly owns 4,368 shares in the company, valued at approximately $147,638.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,209 shares of company stock valued at $12,559,456. Company insiders own 22.49% of the company's stock.

HashiCorp Company 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.