60,700 Shares in HashiCorp, Inc. (NASDAQ:HCP) Acquired by Carlson Capital L.P.

Carlson Capital L.P. bought a new position in HashiCorp, Inc. (NASDAQ:HCP) in the fourth quarter, HoldingsChannel.com reports. The fund bought 60,700 shares of the company’s stock, valued at approximately $2,077,000. HashiCorp accounts for 1.2% of Carlson Capital L.P.’s portfolio, making the stock its 6th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of HashiCorp by 43.7% during the 3rd quarter. Amalgamated Bank now owns 9,085 shares of the company’s stock valued at $308,000 after purchasing an additional 2,762 shares during the last quarter. Principal Financial Group Inc. grew its position in HashiCorp by 41.9% during the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock valued at $390,000 after buying an additional 3,399 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in HashiCorp by 5.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,686 shares of the company’s stock valued at $1,987,000 after buying an additional 3,118 shares during the last quarter. Wolverine Asset Management LLC raised its position in HashiCorp by 27.4% in the third quarter. Wolverine Asset Management LLC now owns 103,118 shares of the company’s stock worth $3,492,000 after acquiring an additional 22,176 shares during the period. Finally, Versor Investments LP boosted its stake in shares of HashiCorp by 518.9% during the 3rd quarter. Versor Investments LP now owns 157,725 shares of the company’s stock worth $5,341,000 after acquiring an additional 132,239 shares during the last quarter. 86.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HashiCorp

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the transaction, the chief executive officer now directly owns 465,978 shares in the company, valued at $15,945,767.16. This represents a 9.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Armon Dadgar sold 35,903 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.58, for a total transaction of $1,205,622.74. Following the transaction, the chief technology officer now directly owns 1,520,000 shares in the company, valued at approximately $51,041,600. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,229 shares of company stock worth $3,441,256. 22.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on HCP. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.27.

HashiCorp Price Performance

HashiCorp stock opened at $34.78 on Thursday. HashiCorp, Inc. has a 1-year low of $23.00 and a 1-year high of $34.85. The company’s 50-day moving average is $34.29 and its 200 day moving average is $33.99. The firm has a market capitalization of $7.11 billion, a P/E 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.