Grantham Mayo Van Otterloo & Co. LLC lowered its position in HashiCorp, Inc. (NASDAQ:HCP – Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 661,459 shares of the company’s stock after selling 88,074 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in HashiCorp were worth $22,629,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HCP. ExodusPoint Capital Management LP grew its holdings in shares of HashiCorp by 24.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 545,263 shares of the company’s stock worth $18,653,000 after purchasing an additional 107,051 shares during the period. Trexquant Investment LP raised its stake in shares of HashiCorp by 898.0% in the 4th quarter. Trexquant Investment LP now owns 278,271 shares of the company’s stock valued at $9,520,000 after acquiring an additional 250,388 shares during the period. Headlands Technologies LLC acquired a new position in shares of HashiCorp in the 4th quarter worth approximately $1,030,000. Geode Capital Management LLC boosted its position in shares of HashiCorp by 2.5% during the 4th 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 period. Finally, National Bank of Canada FI acquired a new stake in HashiCorp in the 4th quarter valued at approximately $23,697,000. 86.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HCP. StockNews.com began coverage on HashiCorp in a research note on Tuesday, April 1st. They set a “hold” rating on the stock. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.40.
HashiCorp Stock Performance
NASDAQ:HCP opened at $34.78 on Friday. HashiCorp, Inc. has a 12-month low of $23.00 and a 12-month high of $34.85. The firm has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The stock has a fifty day moving average price of $34.57 and a 200 day moving average price of $34.17.
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.
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