Greenland Capital Management LP Grows Stock Position in HashiCorp, Inc. (NASDAQ:HCP)

Greenland Capital Management LP increased its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 132.7% in the 4th quarter, Holdings Channel reports. The firm owned 81,447 shares of the company’s stock after purchasing an additional 46,451 shares during the period. Greenland Capital Management LP’s holdings in HashiCorp were worth $2,786,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its holdings in shares of 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 buying an additional 2,282 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in HashiCorp by 4.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 276,513 shares of the company’s stock valued at $9,363,000 after acquiring an additional 12,246 shares during the last quarter. State Street Corp lifted its stake in HashiCorp by 14.5% in the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after purchasing an additional 282,965 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of HashiCorp by 39.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,231 shares of the company’s stock worth $1,735,000 after purchasing an additional 14,555 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in HashiCorp by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after buying an additional 385,118 shares during the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

HashiCorp Stock Performance

Shares of NASDAQ HCP opened at $34.78 on Tuesday. The stock has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a twelve month low of $23.00 and a twelve month high of $34.85. The stock has a fifty day simple moving average of $34.58 and a 200-day simple moving average of $34.18.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HCP shares. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. StockNews.com began coverage on shares of HashiCorp in a research note on Monday. They issued a “hold” rating for the company. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.40.

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.