HashiCorp, Inc. (NASDAQ:HCP) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. raised its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,561,481 shares of the company’s stock after acquiring an additional 230,748 shares during the period. Alliancebernstein L.P. owned approximately 0.76% of HashiCorp worth $53,418,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp increased its holdings in shares of 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 purchasing an additional 282,965 shares during the last quarter. Syquant Capital Sas acquired a new stake in shares of HashiCorp in the 4th quarter worth $18,554,000. Geode Capital Management LLC raised its holdings in shares of HashiCorp by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after acquiring an additional 385,118 shares during the period. Perigon Wealth Management LLC boosted its position in shares of HashiCorp by 42.7% during the 4th quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock valued at $8,268,000 after acquiring an additional 72,088 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of HashiCorp by 41.9% in the third 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. 86.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HCP has been the topic of several recent analyst reports. StockNews.com began coverage on shares of HashiCorp in a report on Tuesday. They issued a “hold” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.40.

HashiCorp Stock Performance

Shares of HCP stock opened at $34.78 on Friday. The firm has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. The firm’s 50 day moving average price is $34.57 and its 200-day moving average price is $34.17. HashiCorp, Inc. has a one year low of $23.00 and a one year high of $34.85.

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.