Caisse DE Depot ET Placement DU Quebec Buys 29,300 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of HashiCorp, Inc. (NASDAQ:HCPFree Report) by 22.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 162,300 shares of the company’s stock after buying an additional 29,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in HashiCorp were worth $5,495,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HCP. Westchester Capital Management LLC lifted its stake in HashiCorp by 60.5% in the third quarter. Westchester Capital Management LLC now owns 3,200,322 shares of the company’s stock worth $108,363,000 after purchasing an additional 1,206,073 shares during the last quarter. Pentwater Capital Management LP purchased a new stake in shares of HashiCorp in the second quarter worth approximately $91,654,000. Alpine Associates Management Inc. lifted its stake in shares of HashiCorp by 48.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock worth $72,533,000 after acquiring an additional 701,350 shares during the last quarter. Magnetar Financial LLC purchased a new position in HashiCorp during the 2nd quarter valued at $71,490,000. Finally, ING Groep NV grew its position in HashiCorp by 851.2% in the 3rd quarter. ING Groep NV now owns 1,671,200 shares of the company’s stock valued at $56,587,000 after acquiring an additional 1,495,500 shares during the last quarter. 87.83% of the stock is currently owned by institutional investors.

HashiCorp Trading Down 0.1 %

Shares of NASDAQ HCP opened at $33.59 on Tuesday. HashiCorp, Inc. has a 12-month low of $19.26 and a 12-month high of $34.21. The stock’s fifty day simple moving average is $33.84 and its two-hundred day simple moving average is $33.72. The stock has a market capitalization of $6.82 billion, a PE ratio of -44.79 and a beta of 1.24.

Analysts Set New Price Targets

Several analysts have recently weighed in on HCP shares. Piper Sandler reiterated a “neutral” rating and set a $35.00 target price on shares of HashiCorp in a research report on Friday, August 30th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. StockNews.com initiated coverage on shares of HashiCorp in a research report on Friday. They set a “hold” rating on the stock. Finally, Citigroup began coverage on HashiCorp in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.08.

Read Our Latest Research Report on HashiCorp

Insider Activity at HashiCorp

In other news, insider Ledger Susan St. sold 22,232 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $752,330.88. Following the completion of the sale, the insider now owns 167,747 shares in the company, valued at approximately $5,676,558.48. This represents a 11.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Marc Holmes sold 11,854 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $401,139.36. Following the transaction, the chief marketing officer now owns 22,536 shares in the company, valued at approximately $762,618.24. This trade represents a 34.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 330,304 shares of company stock valued at $11,177,235 over the last quarter. 22.49% of the stock is owned by corporate insiders.

HashiCorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HashiCorp (NASDAQ:HCP)

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