Vanguard Group Inc. Has $253.48 Million Stock Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Vanguard Group Inc. raised its position in HashiCorp, Inc. (NASDAQ:HCP) by 10.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,722,671 shares of the company’s stock after buying an additional 999,671 shares during the period. Vanguard Group Inc. owned about 0.05% of HashiCorp worth $253,484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in HCP. Treasurer of the State of North Carolina boosted its stake in HashiCorp by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company’s stock valued at $1,020,000 after acquiring an additional 420 shares during the last quarter. Arizona State Retirement System grew its stake in shares of HashiCorp by 6.6% during the fourth quarter. Arizona State Retirement System now owns 28,111 shares of the company’s stock worth $665,000 after purchasing an additional 1,750 shares during the period. Rhumbline Advisers increased its holdings in HashiCorp by 2.2% in the third quarter. Rhumbline Advisers now owns 118,818 shares of the company’s stock valued at $2,713,000 after purchasing an additional 2,552 shares during the last quarter. Victory Capital Management Inc. lifted its stake in HashiCorp by 28.8% in the fourth quarter. Victory Capital Management Inc. now owns 13,622 shares of the company’s stock valued at $322,000 after buying an additional 3,046 shares during the period. Finally, Versor Investments LP boosted its holdings in HashiCorp by 15.7% during the fourth quarter. Versor Investments LP now owns 24,900 shares of the company’s stock worth $589,000 after buying an additional 3,373 shares during the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HCP has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on HashiCorp in a research note on Wednesday, June 26th. They issued a “hold” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of HashiCorp in a research report on Thursday, April 25th. Piper Sandler boosted their price target on shares of HashiCorp from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Bank of America raised their price objective on HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, William Blair cut HashiCorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 24th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, HashiCorp presently has an average rating of “Hold” and a consensus price target of $31.17.

HashiCorp Trading Up 0.6 %

Shares of HCP opened at $33.69 on Monday. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $34.05. The firm has a fifty day simple moving average of $32.97 and a 200 day simple moving average of $27.33. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of -35.09 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. HashiCorp had a negative return on equity of 14.27% and a negative net margin of 31.13%. The company had revenue of $160.58 million during the quarter, compared to analysts’ expectations of $153.39 million. As a group, research analysts predict that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ledger Susan St. sold 3,264 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $33.45, for a total value of $109,180.80. Following the completion of the transaction, the insider now directly owns 146,242 shares of the company’s stock, valued at $4,891,794.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Sigal Zarmi sold 975 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $33.60, for a total value of $32,760.00. Following the completion of the sale, the director now directly owns 37,546 shares of the company’s stock, valued at $1,261,545.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ledger Susan St. sold 3,264 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $33.45, for a total transaction of $109,180.80. Following the sale, the insider now owns 146,242 shares of the company’s stock, valued at approximately $4,891,794.90. The disclosure for this sale can be found here. Insiders have sold 395,170 shares of company stock valued at $12,439,765 in the last 90 days. 22.49% of the stock is currently owned by insiders.

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.