HashiCorp, Inc. (NASDAQ:HCP) Shares Bought by Natixis

Natixis raised its stake in HashiCorp, Inc. (NASDAQ:HCP) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 682,291 shares of the company’s stock after buying an additional 88,086 shares during the quarter. Natixis’ holdings in HashiCorp were worth $23,341,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of HashiCorp during the fourth quarter worth $161,190,000. National Bank of Canada FI purchased a new stake in HashiCorp in the fourth quarter valued at approximately $23,697,000. SG Americas Securities LLC increased its stake in HashiCorp by 1,512.2% during the fourth quarter. SG Americas Securities LLC now owns 720,930 shares of the company’s stock worth $24,663,000 after acquiring an additional 676,212 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of HashiCorp by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock valued at $559,347,000 after acquiring an additional 611,447 shares in the last quarter. Finally, Syquant Capital Sas acquired a new stake in shares of HashiCorp in the fourth quarter valued at about $18,554,000. Hedge funds and other institutional investors own 86.25% of the company’s stock.

HashiCorp Stock Performance

HCP stock opened at $34.78 on Friday. The firm’s 50-day moving average is $34.72 and its two-hundred day moving average is $34.24. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 52 week low of $23.57 and a 52 week high of $34.85.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on HashiCorp in a report on Saturday. They set a “hold” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, HashiCorp currently has a consensus rating of “Hold” and an average price target of $34.40.

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.