HashiCorp, Inc. (NASDAQ:HCP) Stock Holdings Decreased by Diametric Capital LP

Diametric Capital LP lowered its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,600 shares of the company’s stock after selling 3,078 shares during the quarter. Diametric Capital LP’s holdings in HashiCorp were worth $773,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HCP. National Bank of Canada FI acquired a new stake in HashiCorp during the 4th quarter valued at $23,697,000. Alliancebernstein L.P. raised its position in HashiCorp by 17.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,561,481 shares of the company’s stock valued at $53,418,000 after buying an additional 230,748 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in HashiCorp by 270.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 103,911 shares of the company’s stock worth $3,555,000 after acquiring an additional 75,897 shares in the last quarter. Highbridge Capital Management LLC lifted its stake in HashiCorp by 17.0% in the 4th quarter. Highbridge Capital Management LLC now owns 998,230 shares of the company’s stock worth $34,149,000 after acquiring an additional 144,890 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in HashiCorp by 12.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 20,844 shares of the company’s stock worth $713,000 after acquiring an additional 2,260 shares during the period. Hedge funds and other institutional investors own 86.25% of the company’s stock.

HashiCorp Stock Performance

Shares of NASDAQ HCP opened at $34.78 on Tuesday. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The business has a 50 day simple moving average of $34.53 and a 200 day simple moving average of $34.15. HashiCorp, Inc. has a 52 week low of $23.00 and a 52 week high of $34.85.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HCP. StockNews.com started coverage on HashiCorp in a report on Tuesday. They issued a “hold” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.40.

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.