Sherbrooke Park Advisers LLC Purchases New Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Sherbrooke Park Advisers LLC bought a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) during the fourth quarter, HoldingsChannel reports. The firm bought 8,122 shares of the company’s stock, valued at approximately $278,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in HashiCorp by 331.2% during the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after buying an additional 1,580 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in HashiCorp by 16.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock worth $124,000 after buying an additional 524 shares during the last quarter. KBC Group NV lifted its holdings in HashiCorp by 45.9% during the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock worth $178,000 after buying an additional 1,637 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of HashiCorp during the 4th quarter worth approximately $203,000. Finally, Callan Family Office LLC acquired a new stake in shares of HashiCorp during the 4th quarter worth approximately $269,000. Institutional investors own 86.25% of the company’s stock.

HashiCorp Stock Performance

Shares of HashiCorp stock opened at $34.78 on Tuesday. The business’s 50 day simple moving average is $34.78 and its 200-day simple moving average is $34.39. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a twelve month low of $32.98 and a twelve month high of $34.85.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on HashiCorp in a research report on Monday. They set a “hold” rating on the stock.

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.