Susquehanna Fundamental Investments LLC Purchases New Stake in HashiCorp, Inc. (NASDAQ:HCP)

Susquehanna Fundamental Investments LLC acquired a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 159,801 shares of the company’s stock, valued at approximately $5,384,000. Susquehanna Fundamental Investments LLC owned about 0.08% of HashiCorp at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. American Capital Advisory LLC acquired a new stake in shares of HashiCorp in the 2nd quarter worth about $40,000. Advisors Asset Management Inc. lifted its holdings 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 purchasing an additional 961 shares in the last quarter. Covestor Ltd boosted its position in shares of HashiCorp by 12,888.9% during the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock valued at $95,000 after buying an additional 3,480 shares during the last quarter. Quest Partners LLC grew its holdings in HashiCorp by 9,736.1% during the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after buying an additional 3,505 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in HashiCorp in the 2nd quarter valued at $208,000. 87.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, insider Ledger Susan St. sold 22,232 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $752,330.88. Following the completion of the transaction, the insider now directly owns 167,747 shares of the company’s stock, valued at $5,676,558.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $33.46, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ledger Susan St. sold 22,232 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $752,330.88. Following the completion of the sale, the insider now owns 167,747 shares in the company, valued at $5,676,558.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 404,041 shares of company stock valued at $13,636,943. Company insiders own 22.49% of the company’s stock.

HashiCorp Price Performance

Shares of HCP opened at $33.90 on Monday. HashiCorp, Inc. has a 1 year low of $18.91 and a 1 year high of $34.06. The stock’s fifty day moving average price is $33.77 and its two-hundred day moving average price is $31.96. The firm has a market cap of $6.82 billion, a PE ratio of -35.31 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.08 EPS for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business had revenue of $165.14 million for the quarter, compared to the consensus estimate of $157.22 million. During the same period in the prior year, the firm earned ($0.34) earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. Sell-side analysts anticipate that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

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.