HashiCorp, Inc. (NASDAQ:HCP) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in HashiCorp, Inc. (NASDAQ:HCP) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 418,284 shares of the company’s stock after selling 21,779 shares during the quarter. HashiCorp makes up 1.5% of Stanley Laman Group Ltd.’s holdings, making the stock its 6th biggest position. Stanley Laman Group Ltd. owned about 0.21% of HashiCorp worth $9,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HCP. Nomura Asset Management Co. Ltd. increased its position in HashiCorp by 35.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock worth $54,000 after buying an additional 615 shares during the period. Victory Capital Management Inc. increased its position in HashiCorp by 35.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,576 shares of the company’s stock worth $241,000 after buying an additional 2,768 shares during the period. Xponance Inc. increased its position in HashiCorp by 6.7% during the 3rd quarter. Xponance Inc. now owns 10,701 shares of the company’s stock worth $244,000 after buying an additional 673 shares during the period. Principal Financial Group Inc. increased its position in HashiCorp by 10.0% during the 3rd quarter. Principal Financial Group Inc. now owns 10,778 shares of the company’s stock worth $246,000 after buying an additional 978 shares during the period. Finally, SVB Wealth LLC bought a new position in HashiCorp during the 4th quarter worth $273,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

Insider Buying and Selling at HashiCorp

In other HashiCorp news, insider Ledger Susan St. sold 17,895 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.39, for a total value of $490,144.05. Following the transaction, the insider now directly owns 121,702 shares of the company’s stock, valued at $3,333,417.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $23.02, for a total transaction of $826,510.08. Following the transaction, the chief technology officer now directly owns 1,804,780 shares of the company’s stock, valued at $41,546,035.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ledger Susan St. sold 17,895 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.39, for a total transaction of $490,144.05. Following the sale, the insider now owns 121,702 shares of the company’s stock, valued at approximately $3,333,417.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 267,427 shares of company stock valued at $6,728,242. Corporate insiders own 26.13% of the company’s stock.

HashiCorp Trading Up 4.5 %

NASDAQ HCP traded up $1.41 on Thursday, hitting $32.82. 36,291,285 shares of the company were exchanged, compared to its average volume of 3,149,030. The company has a market cap of $6.55 billion, a PE ratio of -33.49 and a beta of 1.42. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $36.39. The stock has a fifty day moving average of $25.90 and a 200-day moving average of $23.37.

HashiCorp (NASDAQ:HCP) last issued its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. The business had revenue of $155.78 million for the quarter, compared to analyst estimates of $149.47 million. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. On average, analysts expect that HashiCorp, Inc. will post -0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

HCP has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on HashiCorp in a research report on Tuesday, March 19th. They issued a “sector weight” rating on the stock. Bank of America raised their price target on HashiCorp from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday. Truist Financial restated a “hold” rating and issued a $35.00 price target (up previously from $27.00) on shares of HashiCorp in a research report on Thursday. Piper Sandler raised their price target on HashiCorp from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, JMP Securities restated a “market outperform” rating and issued a $38.00 price target on shares of HashiCorp in a research report on Thursday, March 7th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.77.

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.