Shares of HashiCorp, Inc. (NASDAQ:HCP – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $34.47 and last traded at $34.26, with a volume of 401 shares changing hands. The stock had previously closed at $34.30.
Analysts Set New Price Targets
Several research firms have weighed in on HCP. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, HashiCorp has an average rating of “Hold” and a consensus price target of $32.08.
Check Out Our Latest Stock Report on HCP
HashiCorp Trading Down 0.1 %
Insider Transactions at HashiCorp
In related news, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.86, for a total transaction of $1,215,709.44. Following the completion of the sale, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,467,200. This trade represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the sale, the chief executive officer now owns 465,978 shares in the company, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 173,036 shares of company stock worth $5,874,078 in the last 90 days. 22.49% of the stock is currently owned by insiders.
Hedge Funds Weigh In On HashiCorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC bought a new stake in shares of HashiCorp during the third quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of HashiCorp during the third quarter valued at about $51,000. Blue Trust Inc. raised its position in shares of HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock valued at $70,000 after purchasing an additional 1,580 shares during the last quarter. KBC Group NV boosted its stake in HashiCorp by 25.8% in the 3rd quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after purchasing an additional 731 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of HashiCorp by 64.8% in the third quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock worth $198,000 after buying an additional 2,296 shares during the last quarter. 86.25% of the stock is owned by institutional investors.
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.
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