Vanguard Personalized Indexing Management LLC Invests $221,000 in HashiCorp, Inc. (NASDAQ:HCP)

Posted by on Sep 2nd, 2023

Vanguard Personalized Indexing Management LLC bought a new position in shares of HashiCorp, Inc. (NASDAQ:HCP – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,538 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in shares of HashiCorp by 167.6% during the fourth quarter. Citigroup Inc. now owns 918 shares of the company’s stock worth $25,000 after purchasing an additional 575 shares during the last quarter. Whittier Trust Co. boosted its position in shares of HashiCorp by 149.7% in the 1st quarter. Whittier Trust Co. now owns 874 shares of the company’s stock valued at $26,000 after purchasing an additional 524 shares during the period. Geneos Wealth Management Inc. purchased a new position in HashiCorp during the 1st quarter worth approximately $33,000. Coppell Advisory Solutions Corp. acquired a new position in HashiCorp during the fourth quarter worth approximately $47,000. Finally, Russell Investments Group Ltd. lifted its stake in HashiCorp by 267.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,820 shares of the company’s stock valued at $77,000 after buying an additional 2,052 shares during the last quarter. Hedge funds and other institutional investors own 45.93% of the company’s stock.

Insider Activity at HashiCorp

In other news, Director Sigal Zarmi sold 4,050 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.00, for a total transaction of $121,500.00. Following the completion of the transaction, the director now directly owns 31,576 shares of the company’s stock, valued at approximately $947,280. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Sigal Zarmi sold 4,050 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.00, for a total transaction of $121,500.00. Following the sale, the director now owns 31,576 shares of the company’s stock, valued at $947,280. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Armon Dadgar sold 38,000 shares of HashiCorp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $29.30, for a total value of $1,113,400.00. Following the sale, the chief technology officer now owns 1,824,000 shares of the company’s stock, valued at approximately $53,443,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,787 shares of company stock valued at $7,032,005. Insiders own 26.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HCP shares. Oppenheimer restated an “outperform” rating and set a $42.00 target price on shares of HashiCorp in a research report on Friday. Stifel Nicolaus upped their target price on shares of HashiCorp from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. lowered their price target on HashiCorp from $32.00 to $26.00 in a report on Thursday, June 8th. Truist Financial reduced their price objective on HashiCorp from $36.00 to $34.00 in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of HashiCorp in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.67.

Get Our Latest Stock Analysis on HashiCorp

HashiCorp Trading Down 5.2 %

Shares of HashiCorp stock opened at $27.65 on Friday. The company has a 50-day moving average of $27.96 and a two-hundred day moving average of $29.12. The stock has a market cap of $5.31 billion, a PE ratio of -20.95 and a beta of 1.13. HashiCorp, Inc. has a 12-month low of $21.50 and a 12-month high of $37.31.

HashiCorp (NASDAQ:HCP – Get Free Report) last issued its quarterly earnings data on Wednesday, June 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.09. The firm had revenue of $137.98 million during the quarter, compared to analysts’ expectations of $133.11 million. HashiCorp had a negative return on equity of 20.57% and a negative net margin of 48.61%. On average, sell-side analysts forecast that HashiCorp, Inc. will post -1.14 EPS for the current fiscal year.

About HashiCorp

(Free Report)

HashiCorp, Inc provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data.

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Institutional Ownership by Quarter for HashiCorp (NASDAQ:HCP)

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