BNP Paribas Financial Markets Takes Position in HashiCorp, Inc. (NASDAQ:HCP)

BNP Paribas Financial Markets acquired a new stake in HashiCorp, Inc. (NASDAQ:HCP) in the fourth quarter, Holdings Channel.com reports. The firm acquired 27,046 shares of the company’s stock, valued at approximately $925,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in shares of HashiCorp by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 11,913 shares of the company’s stock valued at $408,000 after buying an additional 397 shares during the last quarter. Sterling Capital Management LLC grew its stake in HashiCorp by 16.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock valued at $124,000 after acquiring an additional 524 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in HashiCorp by 9.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 9,226 shares of the company’s stock valued at $316,000 after acquiring an additional 765 shares during the last quarter. Xponance Inc. raised its holdings in HashiCorp by 5.8% in the 4th quarter. Xponance Inc. now owns 16,261 shares of the company’s stock valued at $556,000 after acquiring an additional 897 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in HashiCorp by 3.7% in the 4th quarter. Arizona State Retirement System now owns 43,267 shares of the company’s stock worth $1,480,000 after purchasing an additional 1,561 shares in the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

HashiCorp Price Performance

NASDAQ HCP opened at $34.78 on Thursday. The business’s fifty day simple moving average is $34.78 and its 200-day simple moving average is $34.39. The firm has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 52 week low of $33.09 and a 52 week high of $34.85.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on HashiCorp in a research report on Monday. They issued a “hold” rating for the company.

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.