Yakira Capital Management Inc. Boosts Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Yakira Capital Management Inc. raised its stake in shares of HashiCorp, Inc. (NASDAQ:HCP) by 49.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,237 shares of the company’s stock after buying an additional 53,585 shares during the quarter. HashiCorp comprises approximately 2.0% of Yakira Capital Management Inc.’s holdings, making the stock its 14th largest position. Yakira Capital Management Inc.’s holdings in HashiCorp were worth $5,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in HashiCorp by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock valued at $559,347,000 after acquiring an additional 611,447 shares in the last quarter. Norges Bank purchased a new position in shares of HashiCorp during the fourth quarter valued at about $161,190,000. Geode Capital Management LLC increased its holdings in shares of HashiCorp by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,585,092 shares of the company’s stock worth $88,465,000 after purchasing an additional 63,090 shares during the last quarter. Alpine Associates Management Inc. boosted its stake in HashiCorp by 11.8% during the fourth quarter. Alpine Associates Management Inc. now owns 2,394,854 shares of the company’s stock valued at $81,928,000 after buying an additional 252,700 shares during the last quarter. Finally, Magnetar Financial LLC grew its holdings in HashiCorp by 1.2% during the 4th quarter. Magnetar Financial LLC now owns 2,245,271 shares of the company’s stock valued at $76,811,000 after buying an additional 26,435 shares in the last quarter. Institutional investors own 86.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com started coverage on HashiCorp in a report on Tuesday, April 1st. They set a “hold” rating on the stock. 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, According to MarketBeat.com, HashiCorp presently has an average rating of “Hold” and an average price target of $34.40.

HashiCorp Price Performance

HCP stock opened at $34.78 on Friday. HashiCorp, Inc. has a twelve month low of $23.00 and a twelve month high of $34.85. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The firm’s fifty day simple moving average is $34.57 and its two-hundred day simple moving average is $34.17.

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.