HashiCorp, Inc. (NASDAQ:HCP) Shares Sold by TIG Advisors LLC

TIG Advisors LLC lessened its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 50.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,092,487 shares of the company’s stock after selling 1,102,245 shares during the period. HashiCorp accounts for about 2.6% of TIG Advisors LLC’s portfolio, making the stock its 12th biggest position. TIG Advisors LLC’s holdings in HashiCorp were worth $37,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HCP. Principal Financial Group Inc. raised its position 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 worth $390,000 after acquiring an additional 3,399 shares during the period. Syquant Capital Sas acquired a new stake in shares of HashiCorp in the fourth quarter valued at about $18,554,000. SG Americas Securities LLC lifted its stake 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 in the last quarter. Blue Trust Inc. boosted 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 buying an additional 1,580 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of HashiCorp by 45.9% in the fourth quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after purchasing an additional 1,637 shares during the period. Institutional investors and hedge funds own 86.25% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on HashiCorp in a report on Friday. They issued a “hold” rating on the stock.

HashiCorp Price Performance

Shares of HashiCorp stock opened at $34.78 on Tuesday. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 12 month low of $32.42 and a 12 month high of $34.85. The business has a 50-day moving average of $34.77 and a 200 day moving average of $34.28.

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.