Headlands Technologies LLC Makes New Investment in HashiCorp, Inc. (NASDAQ:HCP)

Headlands Technologies LLC purchased a new stake in HashiCorp, Inc. (NASDAQ:HCP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 30,106 shares of the company’s stock, valued at approximately $1,030,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of HashiCorp during the fourth quarter worth approximately $161,190,000. Melqart Asset Management UK Ltd acquired a new position in HashiCorp during the 3rd quarter valued at $28,224,000. National Bank of Canada FI bought a new stake in HashiCorp in the 4th quarter valued at $23,697,000. SG Americas Securities LLC grew its position in HashiCorp by 1,512.2% in the 4th quarter. SG Americas Securities LLC now owns 720,930 shares of the company’s stock worth $24,663,000 after purchasing an additional 676,212 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its holdings in shares of HashiCorp by 144.4% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,100,000 shares of the company’s stock worth $37,246,000 after purchasing an additional 650,000 shares during the period. 86.25% of the stock is currently owned by institutional investors and hedge funds.

HashiCorp Stock Performance

NASDAQ HCP opened at $34.78 on Wednesday. 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 12 month low of $23.00 and a 12 month high of $34.85. The stock has a 50 day moving average of $34.54 and a 200-day moving average of $34.16.

Analyst Upgrades and Downgrades

HCP has been the topic of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com initiated coverage on shares of HashiCorp in a research note on Tuesday. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.40.

About HashiCorp

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.