Victory Capital Management Inc. Buys 4,504 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Victory Capital Management Inc. boosted its stake in shares of HashiCorp, Inc. (NASDAQ:HCP) by 32.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,217 shares of the company’s stock after purchasing an additional 4,504 shares during the quarter. Victory Capital Management Inc.’s holdings in HashiCorp were worth $614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank boosted its position in shares of HashiCorp by 2.1% in the first quarter. Comerica Bank now owns 18,432 shares of the company’s stock valued at $497,000 after acquiring an additional 374 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of 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 period. Advisors Asset Management Inc. boosted its position in shares of HashiCorp by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after acquiring an additional 961 shares during the period. American Capital Advisory LLC bought a new stake in shares of HashiCorp in the second quarter valued at about $40,000. Finally, Renaissance Capital LLC boosted its position in shares of HashiCorp by 3.0% in the first quarter. Renaissance Capital LLC now owns 63,964 shares of the company’s stock valued at $1,724,000 after acquiring an additional 1,857 shares during the period. 87.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other HashiCorp news, insider Ledger Susan St. sold 3,264 shares of the business’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 completion of the transaction, the insider now owns 146,242 shares of the company’s stock, valued at $4,891,794.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CMO Marc Holmes sold 13,916 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $33.46, for a total value of $465,629.36. Following the completion of the transaction, the chief marketing officer now owns 4,368 shares of the company’s stock, valued at $146,153.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ledger Susan St. sold 3,264 shares of the company’s stock in a transaction that occurred 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 approximately $4,891,794.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 234,532 shares of company stock valued at $7,901,335. 22.49% of the stock is currently owned by corporate insiders.

HashiCorp Trading Down 0.1 %

Shares of NASDAQ HCP opened at $33.89 on Monday. The company has a market cap of $6.81 billion, a price-to-earnings ratio of -35.30 and a beta of 1.25. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $34.06. The stock has a 50-day moving average price of $33.73 and a two-hundred day moving average price of $31.73.

HashiCorp (NASDAQ:HCP) last issued its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The firm had revenue of $165.14 million during 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 quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.34) earnings per share. On average, sell-side analysts predict that HashiCorp, Inc. will post -0.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HCP. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Piper Sandler reissued a “neutral” rating and issued a $35.00 target price on shares of HashiCorp in a research report on Friday, August 30th. StockNews.com began coverage on shares of HashiCorp in a research report on Wednesday, September 18th. They issued a “hold” rating for the company. Finally, Citigroup began coverage on HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HashiCorp has an average rating of “Hold” and a consensus price target of $32.08.

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.