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

StockNews.com initiated coverage on shares of HashiCorp (NASDAQ:HCP) in a report issued on Tuesday morning. The firm issued a hold rating on the stock.

Separately, JMP Securities restated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.40.

HashiCorp Price Performance

NASDAQ HCP opened at $34.78 on Tuesday. The business has a 50 day moving average price of $34.54 and a 200 day moving average price of $34.16. The company has a market capitalization of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. HashiCorp has a 1-year low of $23.00 and a 1-year high of $34.85.

Institutional Trading of HashiCorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of HashiCorp by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 16,350,402 shares of the company’s stock worth $559,347,000 after purchasing an additional 611,447 shares during the last quarter. Norges Bank acquired a new stake in HashiCorp in the 4th quarter worth about $161,190,000. Westchester Capital Management LLC grew its holdings in HashiCorp by 0.5% in the 4th quarter. Westchester Capital Management LLC now owns 3,217,643 shares of the company’s stock valued at $110,076,000 after buying an additional 17,321 shares during the period. Geode Capital Management LLC increased its stake in shares of HashiCorp by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,585,092 shares of the company’s stock valued at $88,465,000 after acquiring an additional 63,090 shares during the last quarter. Finally, Alpine Associates Management Inc. lifted its holdings in shares of HashiCorp by 11.8% during the 4th quarter. Alpine Associates Management Inc. now owns 2,394,854 shares of the company’s stock worth $81,928,000 after acquiring an additional 252,700 shares during the period. 86.25% of the stock is owned by hedge funds and other institutional investors.

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.