Perigon Wealth Management LLC Increases Stake in HashiCorp, Inc. (NASDAQ:HCP)

Perigon Wealth Management LLC increased its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,982 shares of the company’s stock after buying an additional 72,088 shares during the period. Perigon Wealth Management LLC owned about 0.12% of HashiCorp worth $8,268,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Westchester Capital Management LLC increased its stake in shares of HashiCorp by 60.5% during 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 increased its stake in shares of HashiCorp by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after buying an additional 385,118 shares during the period. State Street Corp increased its stake in shares of HashiCorp by 14.5% during the third quarter. State Street Corp now owns 2,239,850 shares of the company’s stock valued at $75,841,000 after buying an additional 282,965 shares during the period. Alpine Associates Management Inc. increased its stake in shares of HashiCorp by 48.7% during the third quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock valued at $72,533,000 after buying an additional 701,350 shares during the period. Finally, ING Groep NV boosted its position in HashiCorp by 851.2% during the third quarter. ING Groep NV now owns 1,671,200 shares of the company’s stock valued at $56,587,000 after purchasing an additional 1,495,500 shares in the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HCP shares. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.08.

Insider Activity at HashiCorp

In related news, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the transaction, the chief executive officer now directly owns 465,978 shares in the company, valued at approximately $15,945,767.16. This trade represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of HashiCorp stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.86, for a total value of $1,215,709.44. Following the transaction, the chief technology officer now owns 1,520,000 shares of the company’s stock, valued at approximately $51,467,200. This represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,036 shares of company stock worth $5,874,078. 22.49% of the stock is owned by corporate insiders.

HashiCorp Stock Up 0.2 %

HashiCorp stock opened at $34.31 on Tuesday. HashiCorp, Inc. has a 52 week low of $21.50 and a 52 week high of $34.47. The stock has a 50-day moving average price of $34.02 and a 200 day moving average price of $33.87.

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.