39,577 Shares in HashiCorp, Inc. (NASDAQ:HCP) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new position in HashiCorp, Inc. (NASDAQ:HCP) in the 4th quarter, HoldingsChannel.com reports. The firm bought 39,577 shares of the company’s stock, valued at approximately $1,354,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in HashiCorp by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock worth $559,347,000 after purchasing an additional 611,447 shares during the period. Norges Bank bought a new position in shares of HashiCorp during the fourth quarter valued at $161,190,000. Westchester Capital Management LLC lifted its holdings in shares of HashiCorp by 0.5% during the fourth quarter. Westchester Capital Management LLC now owns 3,217,643 shares of the company’s stock valued at $110,076,000 after acquiring an additional 17,321 shares during the period. Geode Capital Management LLC lifted its holdings in shares of HashiCorp by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,585,092 shares of the company’s stock valued at $88,465,000 after acquiring an additional 63,090 shares during the period. Finally, Alpine Associates Management Inc. lifted its holdings in shares of HashiCorp by 11.8% during the fourth quarter. Alpine Associates Management Inc. now owns 2,394,854 shares of the company’s stock valued at $81,928,000 after acquiring an additional 252,700 shares during the period. 86.25% of the stock is owned by institutional investors.

HashiCorp Stock Performance

Shares of NASDAQ HCP opened at $34.78 on Wednesday. The stock has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The business has a fifty day moving average of $34.78 and a two-hundred day moving average of $34.36. HashiCorp, Inc. has a 52-week low of $32.75 and a 52-week high of $34.85.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on HashiCorp in a report on Tuesday. They set a “hold” rating for the company.

HashiCorp 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.