Brokerages Set HashiCorp, Inc. (NASDAQ:HCP) Target Price at $34.40

Shares of HashiCorp, Inc. (NASDAQ:HCP) have earned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $34.40.

Separately, StockNews.com assumed coverage on shares of HashiCorp in a research report on Sunday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On HashiCorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of HashiCorp by 331.2% during the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock valued at $70,000 after acquiring an additional 1,580 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in HashiCorp by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock valued at $124,000 after purchasing an additional 524 shares in the last quarter. KBC Group NV grew its stake in shares of HashiCorp by 45.9% in the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after purchasing an additional 1,637 shares during the period. Gotham Asset Management LLC bought a new position in shares of HashiCorp during the 4th quarter worth approximately $203,000. Finally, Callan Family Office LLC bought a new position in shares of HashiCorp during the 4th quarter worth approximately $269,000. Institutional investors own 86.25% of the company’s stock.

HashiCorp Price Performance

HCP stock opened at $34.78 on Friday. HashiCorp has a 52-week low of $23.00 and a 52-week high of $34.85. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The company has a 50-day moving average of $34.68 and a two-hundred day moving average of $34.23.

HashiCorp Company 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.