Loomis Sayles & Co. L P Sells 234,183 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Loomis Sayles & Co. L P cut its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 66.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,857 shares of the company’s stock after selling 234,183 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.06% of HashiCorp worth $3,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Citigroup Inc. boosted its position in HashiCorp by 62.3% during the 3rd quarter. Citigroup Inc. now owns 143,555 shares of the company’s stock valued at $4,861,000 after acquiring an additional 55,122 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in HashiCorp by 15.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 985,056 shares of the company’s stock valued at $33,354,000 after acquiring an additional 135,156 shares in the last quarter. Alpine Associates Management Inc. boosted its position in HashiCorp by 48.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock valued at $72,533,000 after acquiring an additional 701,350 shares in the last quarter. Quest Partners LLC boosted its position in HashiCorp by 64.8% during the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock valued at $198,000 after acquiring an additional 2,296 shares in the last quarter. Finally, Swiss National Bank boosted its position in HashiCorp by 26.0% during the 3rd quarter. Swiss National Bank now owns 282,700 shares of the company’s stock valued at $9,572,000 after acquiring an additional 58,300 shares in the last quarter. 87.83% of the stock is owned by institutional investors.

Insider Buying and Selling at HashiCorp

In other news, insider Ledger Susan St. sold 22,232 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $33.84, for a total value of $752,330.88. Following the transaction, the insider now owns 167,747 shares in the company, valued at $5,676,558.48. This represents a 11.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Armon Dadgar sold 35,904 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $33.83, for a total transaction of $1,214,632.32. Following the sale, the chief technology officer now owns 1,520,000 shares of the company’s stock, valued at $51,421,600. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,208 shares of company stock worth $12,391,868. Insiders own 22.49% of the company’s stock.

HashiCorp Stock Down 0.6 %

Shares of NASDAQ HCP opened at $33.58 on Thursday. HashiCorp, Inc. has a twelve month low of $19.26 and a twelve month high of $34.21. The firm has a market cap of $6.81 billion, a P/E ratio of -44.77 and a beta of 1.24. The company has a 50 day moving average of $33.86 and a 200 day moving average of $33.70.

HashiCorp (NASDAQ:HCP) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $165.14 million during the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.34) EPS. As a group, equities analysts expect that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Citigroup started coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price for the company. StockNews.com started coverage on shares of HashiCorp in a report on Saturday, November 23rd. They set a “hold” rating for the company. Finally, Piper Sandler reiterated a “neutral” rating and set a $35.00 target price on shares of HashiCorp in a report on Friday, August 30th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, HashiCorp presently has a consensus rating of “Hold” and an average price target of $32.08.

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.