Shares of HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $32.08.
HCP has been the subject of a number of research reports. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th.
Read Our Latest Analysis on HCP
HashiCorp Price Performance
Insiders Place Their Bets
In other HashiCorp news, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the sale, the chief technology officer now owns 31,348 shares in the company, valued at approximately $1,073,042.04. This represents a 36.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the sale, the chief executive officer now directly owns 465,978 shares in the company, valued at $15,945,767.16. This trade represents a 9.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 173,036 shares of company stock worth $5,874,078. Company insiders own 22.49% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Westchester Capital Management LLC lifted its position in shares of HashiCorp by 60.5% during the third quarter. Westchester Capital Management LLC now owns 3,200,322 shares of the company’s stock worth $108,363,000 after purchasing an additional 1,206,073 shares during the last quarter. Geode Capital Management LLC raised its position in HashiCorp by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after purchasing an additional 385,118 shares in the last quarter. State Street Corp lifted its holdings in shares of HashiCorp by 14.5% in the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after buying an additional 282,965 shares during the period. Alpine Associates Management Inc. grew its position in shares of HashiCorp by 48.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock worth $72,533,000 after buying an additional 701,350 shares in the last quarter. Finally, ING Groep NV increased its stake in shares of HashiCorp by 851.2% during the third quarter. ING Groep NV now owns 1,671,200 shares of the company’s stock valued at $56,587,000 after buying an additional 1,495,500 shares during the period. Institutional investors own 86.25% of the company’s stock.
About HashiCorp
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.
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