HashiCorp (NASDAQ:HCP) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of HashiCorp (NASDAQ:HCP) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Separately, JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.40.

HashiCorp Price Performance

Shares of HCP stock opened at $34.78 on Tuesday. The stock has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. The company has a fifty day moving average price of $34.55 and a two-hundred day moving average price of $34.16. HashiCorp has a one year low of $23.00 and a one year high of $34.85.

Institutional Trading of HashiCorp

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after purchasing an additional 1,580 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of HashiCorp by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock worth $124,000 after purchasing an additional 524 shares during the period. KBC Group NV raised its position in shares of HashiCorp by 45.9% in the fourth quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after buying an additional 1,637 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of HashiCorp in the fourth quarter valued at approximately $203,000. Finally, MetLife Investment Management LLC grew its position in HashiCorp by 43.8% during the third quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock worth $254,000 after buying an additional 2,282 shares in the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

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.