DSC Meridian Capital LP Purchases 82,132 Shares of HashiCorp, Inc. (NASDAQ:HCP)

DSC Meridian Capital LP boosted its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 33.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 327,790 shares of the company’s stock after acquiring an additional 82,132 shares during the quarter. HashiCorp makes up approximately 4.2% of DSC Meridian Capital LP’s portfolio, making the stock its 6th largest holding. DSC Meridian Capital LP owned 0.16% of HashiCorp worth $11,214,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HCP. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in HashiCorp by 9.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,170 shares of the company’s stock worth $1,956,000 after purchasing an additional 4,952 shares during the period. AlphaQuest LLC lifted its stake in shares of HashiCorp by 287.8% in the fourth quarter. AlphaQuest LLC now owns 22,633 shares of the company’s stock worth $774,000 after buying an additional 16,796 shares during the last quarter. Alpine Associates Management Inc. boosted its holdings in shares of HashiCorp by 11.8% during the 4th quarter. Alpine Associates Management Inc. now owns 2,394,854 shares of the company’s stock worth $81,928,000 after buying an additional 252,700 shares during the period. Burren Capital Advisors Ltd acquired a new position in HashiCorp in the 4th quarter valued at $3,587,000. Finally, Ashton Thomas Private Wealth LLC raised its holdings in HashiCorp by 9.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 9,226 shares of the company’s stock worth $316,000 after acquiring an additional 765 shares during the period. 86.25% of the stock is owned by institutional investors.

Insider Activity at HashiCorp

In other news, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the transaction, the chief executive officer now owns 465,978 shares in the company, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Armon Dadgar sold 17,800 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the transaction, the chief technology officer now directly owns 31,348 shares of the company’s stock, valued at approximately $1,073,042.04. This represents a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HCP. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, HashiCorp currently has a consensus rating of “Hold” and a consensus price target of $34.40.

HashiCorp Price Performance

HashiCorp stock opened at $34.78 on Wednesday. The firm has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The stock’s fifty day moving average price is $34.40 and its two-hundred day moving average price is $34.06. HashiCorp, Inc. has a one year low of $23.00 and a one year high of $34.85.

HashiCorp Company 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.