Sterling Capital Management LLC Acquires 524 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Sterling Capital Management LLC boosted its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,627 shares of the company’s stock after acquiring an additional 524 shares during the quarter. Sterling Capital Management LLC’s holdings in HashiCorp were worth $124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HCP. Norges Bank bought a new position in HashiCorp during the fourth quarter valued at approximately $161,190,000. National Bank of Canada FI purchased a new position in HashiCorp in the 4th quarter worth $23,697,000. SG Americas Securities LLC lifted its stake in HashiCorp by 1,512.2% in the fourth quarter. SG Americas Securities LLC now owns 720,930 shares of the company’s stock worth $24,663,000 after purchasing an additional 676,212 shares during the last quarter. Vanguard Group Inc. boosted its position in HashiCorp by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock valued at $559,347,000 after buying an additional 611,447 shares during the period. Finally, Syquant Capital Sas bought a new position in shares of HashiCorp during the fourth quarter valued at about $18,554,000. Hedge funds and other institutional investors own 86.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of HashiCorp in a report on Saturday. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat, HashiCorp has a consensus rating of “Hold” and a consensus price target of $34.40.

HashiCorp Price Performance

HashiCorp stock opened at $34.78 on Tuesday. HashiCorp, Inc. has a one year low of $23.91 and a one year high of $34.85. The business’s fifty day moving average is $34.73 and its 200 day moving average is $34.26. The stock has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18.

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.