HashiCorp, Inc. (NASDAQ:HCP) Given Average Rating of “Hold” by Analysts

Shares of HashiCorp, Inc. (NASDAQ:HCP) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is $34.40.

Several equities analysts have recently commented on the stock. StockNews.com raised shares of 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 report on Monday, December 16th.

Institutional Trading of HashiCorp

Several hedge funds have recently made changes to their positions in HCP. Longfellow Investment Management Co. LLC acquired a new stake in HashiCorp in the third quarter worth $38,000. Blue Trust Inc. grew its position in HashiCorp by 331.2% in the 4th 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 increased its stake in shares of HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock valued at $121,000 after purchasing an additional 731 shares during the period. Sterling Capital Management LLC raised its holdings in shares of HashiCorp by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock valued at $124,000 after buying an additional 524 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of HashiCorp by 64.8% during the third quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock worth $198,000 after buying an additional 2,296 shares during the period. Institutional investors own 86.25% of the company’s stock.

HashiCorp Price Performance

NASDAQ HCP opened at $34.78 on Wednesday. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp has a 12 month low of $23.00 and a 12 month high of $34.85. The company’s fifty day moving average price is $34.50 and its two-hundred day moving average price is $34.12.

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.