359,000 Shares in HashiCorp, Inc. (NASDAQ:HCP) Acquired by Birnam Oak Advisors LP

Birnam Oak Advisors LP purchased a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 359,000 shares of the company’s stock, valued at approximately $12,281,000. HashiCorp makes up 6.0% of Birnam Oak Advisors LP’s holdings, making the stock its 7th biggest holding. Birnam Oak Advisors LP owned about 0.18% of HashiCorp at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HCP. Longfellow Investment Management Co. LLC bought a new stake in HashiCorp during 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 lifted its stake in HashiCorp by 25.8% during the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after purchasing an additional 731 shares during the last quarter. Quest Partners LLC lifted its stake in 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 purchasing an additional 2,296 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in HashiCorp by 43.8% during the third quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock worth $254,000 after purchasing an additional 2,282 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

HashiCorp Price Performance

Shares of NASDAQ:HCP opened at $34.78 on Tuesday. The firm has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 12-month low of $23.00 and a 12-month high of $34.85. The business has a fifty day simple moving average of $34.44 and a 200 day simple moving average of $34.08.

Analysts Set New Price Targets

A number of research analysts have recently commented on HCP shares. StockNews.com upgraded 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 note on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.40.

Insider Buying and Selling

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

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.