HashiCorp, Inc. (NASDAQ:HCP) Shares Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP raised its position in HashiCorp, Inc. (NASDAQ:HCP) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 515,900 shares of the company’s stock after purchasing an additional 400 shares during the quarter. HashiCorp comprises approximately 0.9% of Cinctive Capital Management LP’s investment portfolio, making the stock its 18th biggest holding. Cinctive Capital Management LP owned 0.25% of HashiCorp worth $17,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trexquant Investment LP boosted its stake in HashiCorp by 898.0% in the 4th quarter. Trexquant Investment LP now owns 278,271 shares of the company’s stock worth $9,520,000 after purchasing an additional 250,388 shares during the period. Headlands Technologies LLC purchased a new position in shares of HashiCorp during the 4th quarter valued at $1,030,000. Geode Capital Management LLC increased its position in HashiCorp by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,585,092 shares of the company’s stock worth $88,465,000 after purchasing an additional 63,090 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of HashiCorp during the 4th quarter worth about $23,697,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of HashiCorp by 17.3% during the 4th 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 last quarter. 86.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCP has been the topic of several analyst reports. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com initiated coverage on HashiCorp in a report on Tuesday. They set a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.40.

HashiCorp Stock Performance

Shares of HCP stock opened at $34.78 on Wednesday. The firm’s 50 day moving average is $34.54 and its 200-day moving average is $34.16. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 1 year low of $23.00 and a 1 year high of $34.85.

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.