K2 Principal Fund L.P. grew its position in HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 34.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,951 shares of the company's stock after buying an additional 29,901 shares during the quarter. K2 Principal Fund L.P. owned approximately 0.06% of HashiCorp worth $3,994,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Comerica Bank grew its holdings in shares of HashiCorp by 2.1% during the first quarter. Comerica Bank now owns 18,432 shares of the company's stock valued at $497,000 after buying an additional 374 shares in the last quarter. Cetera Advisors LLC purchased a new position in HashiCorp during the 1st quarter valued at about $379,000. CWM LLC increased its holdings in shares of HashiCorp by 311.1% in the 2nd quarter. CWM LLC now owns 8,127 shares of the company's stock valued at $274,000 after purchasing an additional 6,150 shares during the period. SG Americas Securities LLC lifted its position in shares of HashiCorp by 111.6% in the second quarter. SG Americas Securities LLC now owns 150,713 shares of the company's stock worth $5,078,000 after purchasing an additional 79,485 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of HashiCorp during the second quarter worth approximately $761,000. 87.83% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of HashiCorp in a research note on Monday, September 16th. Citigroup assumed coverage on HashiCorp in a report on Tuesday, September 3rd. They set a "neutral" rating and a $35.00 price objective for the company. StockNews.com initiated coverage on HashiCorp in a research report on Thursday. They issued a "hold" rating on the stock. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $35.00 price target on shares of HashiCorp in a research note on Friday, August 30th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.08.
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In other news, CEO David Mcjannet sold 48,055 shares of the company's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the sale, the chief executive officer now owns 419,531 shares in the company, valued at $14,196,929.04. This represents a 10.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Armon Dadgar sold 35,903 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.58, for a total transaction of $1,205,622.74. Following the completion of the sale, the chief technology officer now owns 1,520,000 shares of the company's stock, valued at approximately $51,041,600. This represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 366,207 shares of company stock valued at $12,382,858. 22.49% of the stock is owned by corporate insiders.
NASDAQ:HCP opened at $33.78 on Friday. The firm's fifty day simple moving average is $33.83 and its 200 day simple moving average is $33.73. The firm has a market capitalization of $6.85 billion, a PE ratio of -55.38 and a beta of 1.21. HashiCorp, Inc. has a 1 year low of $19.26 and a 1 year high of $34.21.
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.
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