Headlands Technologies LLC Purchases New Shares in HashiCorp, Inc. (NASDAQ:HCP)

Headlands Technologies LLC bought a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,106 shares of the company’s stock, valued at approximately $1,030,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of HashiCorp by 15.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 985,056 shares of the company’s stock worth $33,354,000 after purchasing an additional 135,156 shares during the period. Citigroup Inc. increased its holdings in HashiCorp by 62.3% in the 3rd quarter. Citigroup Inc. now owns 143,555 shares of the company’s stock valued at $4,861,000 after buying an additional 55,122 shares during the period. MetLife Investment Management LLC raised its position in shares of HashiCorp by 43.8% in the 3rd quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock valued at $254,000 after buying an additional 2,282 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of HashiCorp by 4.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 276,513 shares of the company’s stock worth $9,363,000 after acquiring an additional 12,246 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of HashiCorp by 22.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 162,300 shares of the company’s stock worth $5,495,000 after acquiring an additional 29,300 shares in the last quarter. 86.25% of the stock is currently owned by institutional investors and hedge funds.

HashiCorp Stock Performance

Shares of HCP stock opened at $34.78 on Wednesday. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The business’s 50-day moving average price is $34.54 and its 200-day moving average price is $34.16. HashiCorp, Inc. has a 12 month low of $23.00 and a 12 month high of $34.85.

Analyst Ratings Changes

Several research firms have weighed in on HCP. StockNews.com started coverage on HashiCorp in a research note on Tuesday. They set a “hold” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.40.

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.