104,853 Shares in HashiCorp, Inc. (NASDAQ:HCP) Acquired by Burren Capital Advisors Ltd

Burren Capital Advisors Ltd acquired a new stake in HashiCorp, Inc. (NASDAQ:HCP) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 104,853 shares of the company’s stock, valued at approximately $3,587,000. HashiCorp makes up about 17.4% of Burren Capital Advisors Ltd’s investment portfolio, making the stock its largest position.

Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of HashiCorp by 14.5% during the third quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after buying an additional 282,965 shares during the period. Syquant Capital Sas acquired a new position in shares of HashiCorp in the fourth quarter valued at approximately $18,554,000. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 385,118 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of HashiCorp by 42.7% during the fourth quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock worth $8,268,000 after purchasing an additional 72,088 shares during the period. Finally, Principal Financial Group Inc. grew its position in HashiCorp by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock valued at $390,000 after buying an additional 3,399 shares during the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.40.

Insider Transactions at HashiCorp

In other news, CEO David Mcjannet sold 47,526 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were 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 directly owns 465,978 shares in the company, valued at $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Armon Dadgar sold 17,800 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total value of $609,294.00. Following the sale, the chief technology officer now 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 disclosure for this sale can be found here. Corporate insiders own 22.49% of the company’s stock.

HashiCorp Stock Performance

HCP stock opened at $34.78 on Friday. The company’s 50-day moving average price is $34.38 and its 200 day moving average price is $34.04. HashiCorp, Inc. has a 52 week low of $23.00 and a 52 week high of $34.85. The company has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18.

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.