Arizona State Retirement System Buys 2,123 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Arizona State Retirement System grew its position in shares of HashiCorp, Inc. (NASDAQ:HCPFree Report) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,361 shares of the company’s stock after purchasing an additional 2,123 shares during the period. Arizona State Retirement System’s holdings in HashiCorp were worth $602,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in shares of HashiCorp in the 1st quarter valued at about $33,000. Citigroup Inc. raised its position in HashiCorp by 167.6% during the 4th quarter. Citigroup Inc. now owns 918 shares of the company’s stock valued at $25,000 after purchasing an additional 575 shares during the last quarter. American International Group Inc. bought a new position in HashiCorp during the 2nd quarter valued at approximately $38,000. Dark Forest Capital Management LP bought a new position in HashiCorp during the 1st quarter valued at approximately $50,000. Finally, Coppell Advisory Solutions Corp. bought a new position in HashiCorp during the 4th quarter valued at approximately $47,000. Institutional investors own 45.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on HCP shares. Stifel Nicolaus lowered their price target on HashiCorp from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, October 13th. StockNews.com lowered HashiCorp from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. William Blair reiterated an “outperform” rating on shares of HashiCorp in a report on Thursday, October 12th. BTIG Research reduced their target price on HashiCorp from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, December 8th. Finally, Citigroup upped their target price on HashiCorp from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HashiCorp presently has a consensus rating of “Hold” and an average target price of $30.07.

Check Out Our Latest Research Report on HashiCorp

Insiders Place Their Bets

In other HashiCorp news, CTO Armon Dadgar sold 46,621 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $21.88, for a total value of $1,020,067.48. Following the completion of the sale, the chief technology officer now owns 1,625,379 shares in the company, valued at approximately $35,563,292.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Navam Welihinda sold 2,500 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $21.95, for a total transaction of $54,875.00. Following the completion of the transaction, the chief financial officer now owns 62,844 shares in the company, valued at $1,379,425.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Armon Dadgar sold 46,621 shares of HashiCorp stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $21.88, for a total value of $1,020,067.48. Following the completion of the transaction, the chief technology officer now owns 1,625,379 shares of the company’s stock, valued at approximately $35,563,292.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 767,118 shares of company stock worth $17,777,045. Corporate insiders own 26.13% of the company’s stock.

HashiCorp Trading Up 6.1 %

HCP stock opened at $24.26 on Friday. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $36.39. The stock’s 50 day simple moving average is $22.82 and its 200 day simple moving average is $23.72. The stock has a market capitalization of $4.75 billion, a PE ratio of -22.46 and a beta of 1.30.

HashiCorp (NASDAQ:HCPGet Free Report) last announced its earnings results on Thursday, December 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. HashiCorp had a negative return on equity of 17.20% and a negative net margin of 37.01%. The company had revenue of $146.10 million for the quarter, compared to analysts’ expectations of $143.21 million. During the same period last year, the firm earned ($0.38) EPS. HashiCorp’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, research analysts predict that HashiCorp, Inc. will post -1 earnings per share for the current year.

About HashiCorp

(Free Report)

HashiCorp, Inc provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data.

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Institutional Ownership by Quarter for HashiCorp (NASDAQ:HCP)

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