Versor Investments LP Trims Stock Position in HashiCorp, Inc. (NASDAQ:HCP)

Versor Investments LP decreased its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 43.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 89,236 shares of the company’s stock after selling 68,489 shares during the period. HashiCorp makes up approximately 0.5% of Versor Investments LP’s investment portfolio, making the stock its 18th biggest position. Versor Investments LP’s holdings in HashiCorp were worth $3,053,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC purchased a new position in HashiCorp in the third quarter worth $38,000. Blue Trust Inc. lifted its stake in HashiCorp by 331.2% during the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after purchasing an additional 1,580 shares during the last quarter. KBC Group NV boosted its holdings in shares of HashiCorp by 25.8% in the 3rd quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after purchasing an additional 731 shares in the last quarter. Quest Partners LLC increased its position in shares of HashiCorp by 64.8% during the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock valued at $198,000 after purchasing an additional 2,296 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of HashiCorp by 43.8% during the 3rd quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock valued at $254,000 after buying an additional 2,282 shares in the last quarter. 86.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HCP has been the subject of several research reports. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.27.

HashiCorp Price Performance

NASDAQ HCP opened at $34.78 on Thursday. HashiCorp, Inc. has a 1 year low of $23.00 and a 1 year high of $34.85. The stock has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The business’s 50-day moving average is $34.29 and its 200 day moving average is $33.99.

Insider Transactions at HashiCorp

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the completion of the sale, the chief executive officer now directly owns 465,978 shares in the company, valued at $15,945,767.16. This trade represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Armon Dadgar sold 17,800 shares of HashiCorp stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total value of $609,294.00. Following the sale, the chief technology officer now directly owns 31,348 shares in the company, valued at approximately $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,229 shares of company stock worth $3,441,256. 22.49% of the stock is currently owned by insiders.

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.