Brighton Jones LLC Lowers Stake in HashiCorp, Inc. (NASDAQ:HCP)

Brighton Jones LLC decreased its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 39.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,067 shares of the company’s stock after selling 20,134 shares during the period. Brighton Jones LLC’s holdings in HashiCorp were worth $1,063,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in HashiCorp by 1,512.2% in the 4th quarter. SG Americas Securities LLC now owns 720,930 shares of the company’s stock valued at $24,663,000 after buying an additional 676,212 shares during the period. Syquant Capital Sas acquired a new stake in shares of HashiCorp in the fourth quarter worth approximately $18,554,000. Principal Financial Group Inc. grew its holdings in HashiCorp by 41.9% in the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock valued at $390,000 after purchasing an additional 3,399 shares during the period. Neo Ivy Capital Management acquired a new position in HashiCorp during the third quarter worth approximately $2,400,000. Finally, Geode Capital Management LLC boosted its holdings in shares of HashiCorp by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after purchasing an additional 385,118 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the chief executive officer now owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Armon Dadgar sold 17,800 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, 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. Insiders sold a total of 173,036 shares of company stock worth $5,874,078 in the last 90 days. 22.49% of the stock is owned by company insiders.

HashiCorp Stock Performance

Shares of NASDAQ:HCP opened at $34.25 on Friday. The company has a market cap of $7.00 billion, a P/E ratio of -56.15 and a beta of 1.18. HashiCorp, Inc. has a one year low of $21.50 and a one year high of $34.47. The business’s 50-day simple moving average is $34.02 and its 200 day simple moving average is $33.87.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com upgraded HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.08.

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.