Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 110,000 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in HashiCorp, Inc. (NASDAQ:HCP) by 275.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 150,000 shares of the company’s stock after purchasing an additional 110,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HashiCorp were worth $5,132,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Westchester Capital Management LLC boosted its stake in shares of HashiCorp by 60.5% in the third 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 during the period. Geode Capital Management LLC lifted its stake in HashiCorp by 18.0% during the third 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 during the last quarter. Alpine Associates Management Inc. lifted its stake in HashiCorp by 11.8% during the fourth 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 during the last quarter. Magnetar Financial LLC lifted its stake in HashiCorp by 1.2% during the fourth quarter. Magnetar Financial LLC now owns 2,245,271 shares of the company’s stock worth $76,811,000 after purchasing an additional 26,435 shares during the last quarter. Finally, State Street Corp lifted its stake in HashiCorp by 14.5% during the third 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 during the last quarter. 86.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com upgraded HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, HashiCorp currently has an average rating of “Hold” and an average target price of $34.40.

Insider Transactions at HashiCorp

In related news, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the sale, the chief technology officer now directly owns 31,348 shares in the company, valued at $1,073,042.04. This represents a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 22.49% of the company’s stock.

HashiCorp Stock Performance

Shares of NASDAQ:HCP opened at $34.78 on Friday. The company has a fifty day moving average of $34.48 and a 200-day moving average of $34.11. The company has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 52-week low of $23.00 and a 52-week high of $34.85.

About HashiCorp

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.