New York State Common Retirement Fund Sells 6,000 Shares of HashiCorp, Inc. (NASDAQ:HCP)

New York State Common Retirement Fund decreased its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,527 shares of the company’s stock after selling 6,000 shares during the period. New York State Common Retirement Fund’s holdings in HashiCorp were worth $2,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new position in shares of HashiCorp in the 3rd quarter valued at $38,000. Blue Trust Inc. grew its stake in HashiCorp by 331.2% in the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock valued at $70,000 after purchasing an additional 1,580 shares during the last quarter. KBC Group NV raised its holdings in HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after purchasing an additional 731 shares in the last quarter. Quest Partners LLC raised its holdings in HashiCorp by 64.8% in the third quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock worth $198,000 after purchasing an additional 2,296 shares in the last quarter. Finally, MetLife Investment Management LLC lifted 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 buying an additional 2,282 shares during the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

Wall Street Analysts Forecast Growth

HCP has been the subject of several recent analyst reports. StockNews.com upgraded shares of HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HashiCorp presently has an average rating of “Hold” and an average price target of $32.27.

HashiCorp Price Performance

NASDAQ HCP opened at $34.78 on Friday. The company has a market cap of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The stock’s fifty day moving average price is $34.32 and its 200 day moving average price is $34.01. HashiCorp, Inc. has a 1 year low of $23.00 and a 1 year high of $34.85.

Insider Buying and Selling at HashiCorp

In related news, CTO Armon Dadgar sold 17,800 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total transaction of $609,294.00. Following the completion of the transaction, the chief technology officer now directly owns 31,348 shares in the company, valued at $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the sale, the chief executive officer now directly owns 465,978 shares in the company, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,229 shares of company stock worth $3,441,256. 22.49% of the stock is currently owned by insiders.

HashiCorp 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.