HashiCorp, Inc. (NASDAQ:HCP) Receives Average Rating of “Hold” from Analysts

Shares of HashiCorp, Inc. (NASDAQ:HCP) have received a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $34.40.

Separately, StockNews.com began coverage on shares of HashiCorp in a research note on Sunday, April 13th. They issued a “hold” rating on the stock.

Institutional Trading of HashiCorp

Several hedge funds have recently modified their holdings of HCP. Blue Trust Inc. grew its position in HashiCorp by 331.2% during the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after acquiring an additional 1,580 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of HashiCorp by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock worth $124,000 after purchasing an additional 524 shares during the last quarter. KBC Group NV increased its stake in shares of HashiCorp by 45.9% in the fourth quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after buying an additional 1,637 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of HashiCorp in the fourth quarter valued at about $203,000. Finally, Callan Family Office LLC acquired a new position in HashiCorp during the 4th quarter worth about $269,000. Institutional investors and hedge funds own 86.25% of the company’s stock.

HashiCorp Price Performance

HCP opened at $34.78 on Friday. The company has a market capitalization of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. The firm’s fifty day moving average price is $34.70 and its two-hundred day moving average price is $34.24. HashiCorp has a fifty-two week low of $23.13 and a fifty-two week high of $34.85.

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.