Bank Julius Baer & Co. Ltd Zurich lifted its position in HashiCorp, Inc. (NASDAQ:HCP – Free Report) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,509 shares of the company’s stock after acquiring an additional 889 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in HashiCorp were worth $720,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Citigroup Inc. raised its holdings in HashiCorp by 167.6% in the fourth quarter. Citigroup Inc. now owns 918 shares of the company’s stock worth $25,000 after purchasing an additional 575 shares in the last quarter. Whittier Trust Co. raised its holdings in HashiCorp by 149.7% in the first quarter. Whittier Trust Co. now owns 874 shares of the company’s stock worth $26,000 after purchasing an additional 524 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in HashiCorp in the first quarter worth about $33,000. Coppell Advisory Solutions Corp. bought a new position in HashiCorp in the fourth quarter worth about $47,000. Finally, Dark Forest Capital Management LP bought a new position in HashiCorp in the first quarter worth about $50,000. 45.93% of the stock is currently owned by institutional investors.
HashiCorp Trading Down 2.0 %
HashiCorp stock opened at $21.80 on Tuesday. HashiCorp, Inc. has a 12 month low of $21.50 and a 12 month high of $37.31. The stock’s 50 day simple moving average is $26.33 and its two-hundred day simple moving average is $27.99. The firm has a market cap of $4.23 billion, a PE ratio of -17.30 and a beta of 1.21.
Analysts Set New Price Targets
HCP has been the topic of a number of research analyst reports. JMP Securities restated a “market outperform” rating and set a $38.00 price target on shares of HashiCorp in a research note on Friday, September 1st. Piper Sandler boosted their price target on HashiCorp from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, September 1st. Oppenheimer restated an “outperform” rating and set a $42.00 price target on shares of HashiCorp in a research note on Friday, September 1st. StockNews.com initiated coverage on HashiCorp in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Finally, Bank of America boosted their price target on HashiCorp from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, HashiCorp has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.
View Our Latest Stock Analysis on HashiCorp
Insiders Place Their Bets
In other news, CEO David Mcjannet sold 38,689 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $23.08, for a total transaction of $892,942.12. Following the completion of the transaction, the chief executive officer now directly owns 176,165 shares of the company’s stock, valued at approximately $4,065,888.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO David Mcjannet sold 38,689 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $23.08, for a total transaction of $892,942.12. Following the completion of the transaction, the chief executive officer now directly owns 176,165 shares of the company’s stock, valued at approximately $4,065,888.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Armon Dadgar sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $22.86, for a total value of $868,680.00. Following the transaction, the chief technology officer now directly owns 1,672,000 shares of the company’s stock, valued at $38,221,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,818 shares of company stock worth $8,422,669. Corporate insiders own 26.13% of the company’s stock.
HashiCorp Profile
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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