HashiCorp, Inc. (NASDAQ:HCP) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the company’s stock after acquiring an additional 3,456 shares during the period. Calamos Advisors LLC’s holdings in HashiCorp were worth $615,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of HashiCorp in the third quarter valued at approximately $309,000. Qsemble Capital Management LP acquired a new position in shares of HashiCorp in the third quarter valued at approximately $1,119,000. Artemis Investment Management LLP acquired a new position in shares of HashiCorp in the fourth quarter valued at approximately $7,124,000. Vanguard Group Inc. increased its position in HashiCorp by 4.9% during the third quarter. Vanguard Group Inc. now owns 9,723,000 shares of the company’s stock worth $221,976,000 after purchasing an additional 455,179 shares during the last quarter. Finally, Versor Investments LP acquired a new position in HashiCorp during the third quarter worth approximately $491,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of HashiCorp from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, January 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $25.00 price target (up previously from $22.00) on shares of HashiCorp in a research report on Wednesday, March 6th. Bank of America upped their price target on shares of HashiCorp from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Morgan Stanley raised shares of HashiCorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $23.00 to $30.00 in a research report on Monday, February 26th. Finally, StockNews.com raised shares of HashiCorp from a “sell” rating to a “hold” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.77.

Insider Activity

In related news, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $21.82, for a total value of $783,425.28. Following the sale, the chief technology officer now directly owns 1,768,876 shares of the company’s stock, valued at $38,596,874.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Navam Welihinda sold 2,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $21.84, for a total value of $54,600.00. Following the sale, the chief financial officer now directly owns 62,844 shares of the company’s stock, valued at $1,372,512.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $21.82, for a total transaction of $783,425.28. Following the completion of the sale, the chief technology officer now directly owns 1,768,876 shares in the company, valued at $38,596,874.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 224,173 shares of company stock worth $5,641,396. 26.13% of the stock is currently owned by company insiders.

HashiCorp Trading Up 2.4 %

Shares of HCP stock opened at $24.55 on Tuesday. The company has a market capitalization of $4.90 billion, a PE ratio of -25.05 and a beta of 1.42. The firm has a fifty day simple moving average of $25.47 and a 200-day simple moving average of $23.20. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $36.39.

HashiCorp (NASDAQ:HCP) last announced its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.06. The business had revenue of $155.78 million during the quarter, compared to the consensus estimate of $149.47 million. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. Equities research analysts predict that HashiCorp, Inc. will post -0.8 EPS 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.