Washington Capital Management Inc. Purchases Shares of 25,100 HashiCorp, Inc. (NASDAQ:HCP)

Washington Capital Management Inc. acquired a new position in shares of HashiCorp, Inc. (NASDAQ:HCPFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,100 shares of the company’s stock, valued at approximately $593,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of HashiCorp by 48.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,204,309 shares of the company’s stock valued at $328,175,000 after purchasing an additional 3,635,247 shares in the last quarter. BlackRock Inc. raised its stake in shares of HashiCorp by 215.0% in the 2nd quarter. BlackRock Inc. now owns 4,426,683 shares of the company’s stock valued at $115,891,000 after purchasing an additional 3,021,230 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of HashiCorp in the 3rd quarter valued at about $55,774,000. Price T Rowe Associates Inc. MD raised its stake in HashiCorp by 26.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,435,341 shares of the company’s stock worth $312,642,000 after acquiring an additional 2,368,102 shares during the period. Finally, Vanguard Group Inc. raised its stake in HashiCorp by 78.3% during the third quarter. Vanguard Group Inc. now owns 3,187,233 shares of the company’s stock worth $102,597,000 after acquiring an additional 1,400,042 shares during the period. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Insider Transactions at HashiCorp

In related news, CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $22.90, for a total value of $822,201.60. Following the transaction, the chief technology officer now directly owns 1,517,548 shares in the company, valued at approximately $34,751,849.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $22.78, for a total transaction of $317,006.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $22.90, for a total transaction of $822,201.60. Following the transaction, the chief technology officer now owns 1,517,548 shares in the company, valued at approximately $34,751,849.20. The disclosure for this sale can be found here. Insiders have sold a total of 262,577 shares of company stock worth $6,334,848 in the last 90 days. 26.13% of the stock is owned by insiders.

HashiCorp Trading Down 0.2 %

HCP stock opened at $26.95 on Friday. The company has a 50 day moving average of $24.79 and a two-hundred day moving average of $23.03. HashiCorp, Inc. has a 12-month low of $18.91 and a 12-month high of $36.39.

HashiCorp (NASDAQ:HCPGet Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.06. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. The company had revenue of $155.78 million for the quarter, compared to analyst estimates of $149.47 million. Equities research analysts expect that HashiCorp, Inc. will post -0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of HashiCorp from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Truist Financial decreased their price objective on shares of HashiCorp from $34.00 to $27.00 and set a “buy” rating for the company in a report on Friday, December 8th. Oppenheimer reissued an “outperform” rating and set a $34.00 target price on shares of HashiCorp in a research note on Wednesday, March 6th. TD Cowen increased their target price on shares of HashiCorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Finally, KeyCorp began coverage on shares of HashiCorp in a research note on Tuesday, March 19th. They set a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, HashiCorp has an average rating of “Moderate Buy” and a consensus price target of $28.77.

View Our Latest Research Report on HashiCorp

HashiCorp Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HashiCorp, Inc. (NASDAQ:HCPFree Report).

Institutional Ownership by Quarter for HashiCorp (NASDAQ:HCP)

Receive News & Ratings for HashiCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HashiCorp and related companies with MarketBeat.com's FREE daily email newsletter.