Swiss National Bank Acquires 10,500 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Swiss National Bank grew its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 293,200 shares of the company’s stock after buying an additional 10,500 shares during the period. Swiss National Bank’s holdings in HashiCorp were worth $10,030,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Westchester Capital Management LLC boosted its holdings in shares of HashiCorp by 60.5% during the 3rd quarter. Westchester Capital Management LLC now owns 3,200,322 shares of the company’s stock valued at $108,363,000 after buying an additional 1,206,073 shares in the last quarter. Geode Capital Management LLC boosted its stake in HashiCorp by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after purchasing an additional 385,118 shares in the last quarter. Alpine Associates Management Inc. boosted its stake in HashiCorp by 11.8% in the 4th quarter. Alpine Associates Management Inc. now owns 2,394,854 shares of the company’s stock worth $81,928,000 after purchasing an additional 252,700 shares in the last quarter. State Street Corp boosted its stake in HashiCorp by 14.5% in the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after purchasing an additional 282,965 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in HashiCorp by 15.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,118,478 shares of the company’s stock worth $37,872,000 after purchasing an additional 149,978 shares in the last quarter. Institutional investors own 86.25% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Armon Dadgar sold 17,800 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total transaction of $609,294.00. Following the completion of the sale, the chief technology officer now owns 31,348 shares of the company’s stock, valued at $1,073,042.04. This represents a 36.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HCP shares. StockNews.com upgraded shares of HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, HashiCorp has an average rating of “Hold” and a consensus price target of $34.40.

HashiCorp Stock Performance

Shares of NASDAQ:HCP opened at $34.78 on Friday. HashiCorp, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $34.85. The business has a 50-day simple moving average of $34.47 and a two-hundred day simple moving average of $34.10. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18.

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.