SBI Securities Co. Ltd. Purchases Shares of 26,970 HashiCorp, Inc. (NASDAQ:HCP)

SBI Securities Co. Ltd. bought a new stake in HashiCorp, Inc. (NASDAQ:HCP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,970 shares of the company’s stock, valued at approximately $923,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in HashiCorp by 14.5% in the third quarter. State Street Corp now owns 2,239,850 shares of the company’s stock valued at $75,841,000 after buying an additional 282,965 shares during the period. Syquant Capital Sas bought a new stake in shares of HashiCorp during the 4th quarter valued at $18,554,000. Geode Capital Management LLC lifted its stake in shares of HashiCorp by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after purchasing an additional 385,118 shares during the period. Perigon Wealth Management LLC boosted its position in shares of HashiCorp by 42.7% in the 4th quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock worth $8,268,000 after purchasing an additional 72,088 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of HashiCorp by 41.9% during the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock worth $390,000 after purchasing an additional 3,399 shares during the period. 86.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David Mcjannet sold 47,526 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.22, for a total value of $1,626,339.72. Following the sale, the chief executive officer now directly owns 465,978 shares in the company, valued at $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the transaction, the chief technology officer now owns 31,348 shares of the company’s stock, valued at approximately $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HCP shares. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research note 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. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, HashiCorp presently has an average rating of “Hold” and an average price target of $32.27.

HashiCorp Price Performance

Shares of HCP stock opened at $34.78 on Tuesday. HashiCorp, Inc. has a 12-month low of $23.00 and a 12-month high of $34.85. The firm has a fifty day moving average of $34.33 and a 200-day moving average of $34.02. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18.

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.