Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $5.13 Million Stake in HashiCorp, Inc. (NASDAQ:HCP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in HashiCorp, Inc. (NASDAQ:HCP) by 275.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company’s stock after purchasing an additional 110,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.07% of HashiCorp worth $5,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HCP. Principal Financial Group Inc. raised its stake in shares of HashiCorp by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock valued at $390,000 after purchasing an additional 3,399 shares during the period. Victory Capital Management Inc. increased its position in shares of HashiCorp by 4.8% in the third quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock valued at $646,000 after acquiring an additional 873 shares during the last quarter. Swiss National Bank increased its position in shares of HashiCorp by 26.0% in the third quarter. Swiss National Bank now owns 282,700 shares of the company’s stock valued at $9,572,000 after acquiring an additional 58,300 shares during the last quarter. Quest Partners LLC increased its position in shares of HashiCorp by 64.8% in the third quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock valued at $198,000 after acquiring an additional 2,296 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of HashiCorp by 15.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 985,056 shares of the company’s stock valued at $33,354,000 after acquiring an additional 135,156 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Armon Dadgar sold 17,800 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total transaction of $609,294.00. Following the completion of the sale, the chief technology officer now owns 31,348 shares in the company, valued at $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 22.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.40.

HashiCorp Price Performance

Shares of NASDAQ HCP opened at $34.78 on Friday. The business’s 50 day moving average price is $34.48 and its two-hundred day moving average price is $34.11. The company has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a twelve month low of $23.00 and a twelve month high of $34.85.

HashiCorp Company 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.