Xponance Inc. Raises Stock Position in HashiCorp, Inc. (NASDAQ:HCP)

Xponance Inc. raised its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,261 shares of the company’s stock after acquiring an additional 897 shares during the quarter. Xponance Inc.’s holdings in HashiCorp were worth $556,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of HashiCorp by 331.2% during the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after acquiring an additional 1,580 shares during the last quarter. KBC Group NV lifted its stake in HashiCorp by 45.9% in the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock worth $178,000 after purchasing an additional 1,637 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of HashiCorp by 64.8% during the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock valued at $198,000 after purchasing an additional 2,296 shares during the last quarter. MetLife Investment Management LLC grew its position 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 valued at $254,000 after purchasing an additional 2,282 shares in the last quarter. Finally, Callan Family Office LLC bought a new stake in shares of HashiCorp in the fourth quarter worth about $269,000. 86.25% of the stock is currently owned by hedge funds and other institutional investors.

HashiCorp Price Performance

NASDAQ:HCP opened at $34.78 on Wednesday. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The business has a 50 day simple moving average of $34.50 and a 200-day simple moving average of $34.12. HashiCorp, Inc. has a 1 year low of $23.00 and a 1 year high of $34.85.

Analysts Set New Price Targets

A number of brokerages recently commented on HCP. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, HashiCorp has a consensus rating of “Hold” and a consensus target price of $34.40.

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.