HashiCorp, Inc. (NASDAQ:HCP) is Slotnik Capital LLC’s 3rd Largest Position

Slotnik Capital LLC cut its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 850,946 shares of the company’s stock after selling 265,962 shares during the quarter. HashiCorp makes up about 13.2% of Slotnik Capital LLC’s holdings, making the stock its 3rd biggest holding. Slotnik Capital LLC owned 0.42% of HashiCorp worth $29,111,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in HashiCorp by 331.2% in the fourth 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 grew its position in HashiCorp by 45.9% during the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after purchasing an additional 1,637 shares during the last quarter. MetLife Investment Management LLC increased its stake in HashiCorp by 43.8% during the 3rd quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock valued at $254,000 after purchasing an additional 2,282 shares in the last quarter. Callan Family Office LLC purchased a new position in HashiCorp in the fourth quarter worth about $269,000. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of HashiCorp by 9.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 9,226 shares of the company’s stock valued at $316,000 after buying an additional 765 shares during the last quarter. 86.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HCP shares. StockNews.com initiated coverage on HashiCorp in a research report on Tuesday. They issued a “hold” rating on the stock. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.40.

HashiCorp Price Performance

NASDAQ:HCP opened at $34.78 on Thursday. The company has a market cap 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. The stock’s 50 day simple moving average is $34.55 and its two-hundred day simple moving average is $34.16.

HashiCorp 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.