Mint Tower Capital Management B.V. Takes Position in HashiCorp, Inc. (NASDAQ:HCP)

Mint Tower Capital Management B.V. purchased a new stake in shares of HashiCorp, Inc. (NASDAQ:HCP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 62,500 shares of the company’s stock, valued at approximately $2,138,000. HashiCorp comprises about 0.5% of Mint Tower Capital Management B.V.’s portfolio, making the stock its 29th largest position.

Several other large investors have also bought and sold shares of HCP. Blue Trust Inc. grew its stake in shares of HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after acquiring an additional 1,580 shares in the last quarter. KBC Group NV lifted its position in shares of HashiCorp by 45.9% during the fourth quarter. KBC Group NV now owns 5,200 shares of the company’s stock worth $178,000 after acquiring an additional 1,637 shares in the last quarter. Quest Partners LLC boosted its stake in HashiCorp by 64.8% in the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock worth $198,000 after purchasing an additional 2,296 shares during the period. MetLife Investment Management LLC grew its stake in HashiCorp by 43.8% during the third quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock valued at $254,000 after acquiring an additional 2,282 shares in the last quarter. Finally, Callan Family Office LLC purchased a new position in shares of HashiCorp during the 4th quarter valued at $269,000. 86.25% of the stock is owned by institutional investors.

HashiCorp Stock Performance

Shares of NASDAQ:HCP opened at $34.78 on Thursday. HashiCorp, Inc. has a 12 month low of $23.00 and a 12 month high of $34.85. The firm’s 50-day moving average is $34.51 and its 200 day moving average is $34.13. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18.

Wall Street Analyst Weigh In

HCP has been the subject of several analyst reports. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com upgraded shares of HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.40.

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.