158,723 Shares in HashiCorp, Inc. (NASDAQ:HCP) Bought by ABC Arbitrage SA

ABC Arbitrage SA acquired a new stake in HashiCorp, Inc. (NASDAQ:HCP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 158,723 shares of the company’s stock, valued at approximately $5,430,000. HashiCorp accounts for approximately 0.8% of ABC Arbitrage SA’s investment portfolio, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. KBC Group NV grew its holdings in HashiCorp by 25.8% during the 3rd quarter. KBC Group NV now owns 3,563 shares of the company’s stock valued at $121,000 after purchasing an additional 731 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of HashiCorp by 4.8% during the third quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock valued at $646,000 after acquiring an additional 873 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of HashiCorp during the third quarter worth about $38,000. Ashton Thomas Private Wealth LLC lifted its stake in shares of HashiCorp by 15.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 8,461 shares of the company’s stock worth $286,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in HashiCorp by 331.2% in the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock valued at $70,000 after purchasing an additional 1,580 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

Insider Activity at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 35,903 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.58, for a total transaction of $1,205,622.74. Following the completion of the transaction, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at $51,041,600. The trade was a 2.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the sale, the chief executive officer now owns 465,978 shares in the company, valued at $15,945,767.16. The trade was a 9.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,132 shares of company stock worth $4,658,368 in the last 90 days. 22.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.08.

HashiCorp Stock Performance

Shares of HCP stock opened at $34.39 on Friday. The business has a 50 day moving average of $34.17 and a two-hundred day moving average of $33.93. HashiCorp, Inc. has a 52 week low of $21.50 and a 52 week high of $34.47.

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.