HashiCorp, Inc. (NASDAQ:HCP) Shares Acquired by KBC Group NV

KBC Group NV increased its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 25.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,563 shares of the company’s stock after buying an additional 731 shares during the quarter. KBC Group NV’s holdings in HashiCorp were worth $121,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HCP. Vanguard Group Inc. raised its position in HashiCorp by 14.0% in the first quarter. Vanguard Group Inc. now owns 12,224,624 shares of the company’s stock valued at $329,454,000 after purchasing an additional 1,501,953 shares during the period. Edgestream Partners L.P. acquired a new position in HashiCorp in the first quarter valued at about $457,000. Bessemer Group Inc. purchased a new position in HashiCorp during the first quarter worth about $649,000. CANADA LIFE ASSURANCE Co increased its position in shares of HashiCorp by 77.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 372,501 shares of the company’s stock valued at $10,036,000 after acquiring an additional 162,866 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of HashiCorp by 43.0% in the 1st 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. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

HashiCorp Trading Up 0.1 %

Shares of NASDAQ:HCP opened at $33.87 on Friday. HashiCorp, Inc. has a 52 week low of $19.26 and a 52 week high of $34.21. The company’s 50 day moving average is $33.87 and its two-hundred day moving average is $33.66. The company has a market cap of $6.87 billion, a PE ratio of -45.09 and a beta of 1.24.

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

Insider Buying and Selling

In other news, CEO David Mcjannet sold 48,055 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $1,626,181.20. Following the completion of the sale, the chief executive officer now directly owns 419,531 shares of the company’s stock, valued at approximately $14,196,929.04. The trade was a 10.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.86, for a total value of $1,215,709.44. Following the completion of the sale, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,467,200. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 330,305 shares of company stock worth $11,174,756 over the last 90 days. 22.49% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup began coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price for the company. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. StockNews.com began coverage on HashiCorp in a report on Sunday, November 17th. They set a “hold” rating for the company. Finally, Piper Sandler reiterated a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a research note on Friday, August 30th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, HashiCorp currently has an average rating of “Hold” and a consensus target price of $32.08.

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.