HashiCorp, Inc. (NASDAQ:HCP) Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. boosted its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 298.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 397,124 shares of the company’s stock after acquiring an additional 297,341 shares during the period. HashiCorp accounts for 2.6% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 5th biggest holding. University of Texas Texas AM Investment Management Co. owned approximately 0.20% of HashiCorp worth $13,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HCP. Dimensional Fund Advisors LP lifted its position in HashiCorp by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,049,009 shares of the company’s stock worth $24,799,000 after acquiring an additional 92,586 shares during the last quarter. Hsbc Holdings PLC lifted its position in HashiCorp by 569.4% during the 4th quarter. Hsbc Holdings PLC now owns 99,235 shares of the company’s stock worth $2,373,000 after acquiring an additional 84,410 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of HashiCorp by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 43,130 shares of the company’s stock valued at $1,020,000 after buying an additional 420 shares during the last quarter. First Trust Advisors LP raised its position in shares of HashiCorp by 35.7% during the fourth quarter. First Trust Advisors LP now owns 2,722,097 shares of the company’s stock valued at $64,350,000 after buying an additional 716,574 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of HashiCorp by 45.6% during the fourth quarter. Capital Research Global Investors now owns 495,316 shares of the company’s stock valued at $11,709,000 after buying an additional 155,031 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

HashiCorp Price Performance

Shares of NASDAQ HCP opened at $33.84 on Wednesday. The company’s 50 day simple moving average is $33.78 and its 200 day simple moving average is $32.11. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.06. The firm has a market capitalization of $6.80 billion, a P/E ratio of -35.25 and a beta of 1.25.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $165.14 million for the quarter, compared to analyst estimates of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business posted ($0.34) earnings per share. Sell-side analysts expect that HashiCorp, Inc. will post -0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other HashiCorp news, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $33.80, for a total value of $1,213,555.20. Following the sale, the chief technology officer now directly owns 1,520,000 shares in the company, valued at $51,376,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO David Mcjannet sold 48,055 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the completion of the sale, the chief executive officer now owns 419,531 shares of the company’s stock, valued at $14,196,929.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $33.80, for a total transaction of $1,213,555.20. Following the sale, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,376,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 368,137 shares of company stock worth $12,429,132. Company insiders own 22.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HCP. StockNews.com began coverage on shares of HashiCorp in a research report on Monday. They set a “hold” rating for the company. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price objective on shares of HashiCorp in a research report on Friday, August 30th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Finally, Citigroup assumed coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, HashiCorp currently has an average rating of “Hold” and a consensus target price of $32.08.

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.