Arizona State Retirement System Raises Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Arizona State Retirement System raised its position in HashiCorp, Inc. (NASDAQ:HCP) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,111 shares of the company’s stock after purchasing an additional 1,750 shares during the period. Arizona State Retirement System’s holdings in HashiCorp were worth $665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board lifted its stake in shares of HashiCorp by 0.3% in the second quarter. State of Wisconsin Investment Board now owns 154,892 shares of the company’s stock worth $4,055,000 after buying an additional 540 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of HashiCorp by 167.6% during the 4th quarter. Citigroup Inc. now owns 918 shares of the company’s stock worth $25,000 after purchasing an additional 575 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of HashiCorp by 35.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock valued at $54,000 after purchasing an additional 615 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of HashiCorp in the first quarter valued at approximately $33,000. Finally, Xponance Inc. increased its holdings in shares of HashiCorp by 6.7% in the third quarter. Xponance Inc. now owns 10,701 shares of the company’s stock valued at $244,000 after purchasing an additional 673 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Marc Holmes sold 13,916 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $26.30, for a total transaction of $365,990.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CMO Marc Holmes sold 13,916 shares of HashiCorp stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $26.30, for a total value of $365,990.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $25.69, for a total value of $922,373.76. Following the transaction, the chief technology officer now directly owns 1,661,164 shares of the company’s stock, valued at $42,675,303.16. The disclosure for this sale can be found here. Insiders have sold a total of 262,577 shares of company stock worth $6,484,004 in the last ninety days. 26.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on HashiCorp from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Scotiabank upgraded shares of HashiCorp from a “sector perform” rating to a “sector outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, March 12th. BTIG Research boosted their target price on shares of HashiCorp from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Morgan Stanley upgraded shares of HashiCorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $23.00 to $30.00 in a report on Monday, February 26th. Finally, StockNews.com upgraded HashiCorp from a “sell” rating to a “hold” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, HashiCorp presently has a consensus rating of “Moderate Buy” and an average price target of $28.77.

HashiCorp Trading Up 0.4 %

Shares of NASDAQ HCP opened at $23.63 on Friday. The stock has a fifty day simple moving average of $25.49 and a 200-day simple moving average of $23.17. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $36.39. The stock has a market capitalization of $4.72 billion, a PE ratio of -24.11 and a beta of 1.42.

HashiCorp (NASDAQ:HCP) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. On average, equities analysts predict that HashiCorp, Inc. will post -0.8 earnings per share for the current year.

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.