Diversified Trust Co Purchases Shares of 15,444 HashiCorp, Inc. (NASDAQ:HCP)

Diversified Trust Co acquired a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,444 shares of the company’s stock, valued at approximately $416,000.

Other hedge funds have also modified their holdings of the company. Artemis Investment Management LLP raised its stake in HashiCorp by 416.0% in the first quarter. Artemis Investment Management LLP now owns 1,555,104 shares of the company’s stock valued at $41,891,000 after buying an additional 1,253,723 shares in the last quarter. Renaissance Capital LLC raised its stake in HashiCorp by 3.0% during the 1st quarter. Renaissance Capital LLC now owns 63,964 shares of the company’s stock worth $1,724,000 after acquiring an additional 1,857 shares in the last quarter. Vanguard Group Inc. lifted its position in HashiCorp by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 10,722,671 shares of the company’s stock valued at $253,484,000 after acquiring an additional 999,671 shares during the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new position in HashiCorp in the fourth quarter valued at $2,359,000. Finally, Contour Asset Management LLC purchased a new position in shares of HashiCorp during the fourth quarter worth about $21,217,000. 87.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HashiCorp

In other news, Director Sigal Zarmi sold 975 shares of the business’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 transaction of $32,760.00. Following the sale, the director now owns 37,546 shares of the company’s stock, valued at approximately $1,261,545.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Sigal Zarmi sold 975 shares of the firm’s stock in a transaction 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 transaction, the director now owns 37,546 shares in the company, valued at $1,261,545.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $26.30, for a total transaction of $365,990.80. The disclosure for this sale can be found here. Insiders sold 359,266 shares of company stock worth $11,517,392 over the last 90 days. Company insiders own 22.49% of the company’s stock.

HashiCorp Trading Up 0.4 %

NASDAQ HCP opened at $33.75 on Friday. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of -35.16 and a beta of 1.25. The business’s 50 day moving average is $33.31 and its two-hundred day moving average is $27.57. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $34.05.

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

Analyst Ratings Changes

HCP has been the subject of a number of research analyst reports. StockNews.com began coverage on HashiCorp in a research report on Tuesday. They issued a “hold” rating for the company. Scotiabank restated a “sector perform” rating and set a $35.00 target price (up from $31.00) on shares of HashiCorp in a research report on Thursday, April 25th. Bank of America increased their price target on shares of HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Truist Financial restated a “hold” rating and issued a $35.00 price objective (up from $27.00) on shares of HashiCorp in a research note on Thursday, April 25th. Finally, Piper Sandler increased their target price on shares of HashiCorp from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.17.

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.