Swiss National Bank Has $9.57 Million Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Swiss National Bank raised its stake in HashiCorp, Inc. (NASDAQ:HCP) by 26.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,700 shares of the company’s stock after purchasing an additional 58,300 shares during the period. Swiss National Bank’s holdings in HashiCorp were worth $9,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ING Groep NV increased its position in shares of HashiCorp by 851.2% during the third quarter. ING Groep NV now owns 1,671,200 shares of the company’s stock valued at $56,587,000 after purchasing an additional 1,495,500 shares during the period. KBC Group NV boosted its stake in HashiCorp by 25.8% during the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after buying an additional 731 shares in the last quarter. Victory Capital Management Inc. increased its holdings in HashiCorp by 4.8% in the 3rd quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock valued at $646,000 after buying an additional 873 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of HashiCorp by 15.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 8,461 shares of the company’s stock valued at $286,000 after buying an additional 1,160 shares in the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of HashiCorp by 20.4% during the 3rd quarter. Entropy Technologies LP now owns 9,672 shares of the company’s stock worth $327,000 after acquiring an additional 1,637 shares during the period. Institutional investors own 87.83% of the company’s stock.

HashiCorp Stock Up 0.2 %

Shares of NASDAQ HCP opened at $33.92 on Monday. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -45.23 and a beta of 1.24. HashiCorp, Inc. has a 12-month low of $19.26 and a 12-month high of $34.21. The firm’s 50-day simple moving average is $33.87 and its 200 day simple moving average is $33.68.

HashiCorp (NASDAQ:HCP) last announced its earnings results on Thursday, August 29th. The company reported $0.08 earnings per share (EPS) 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%. HashiCorp’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.34) earnings per share. On average, equities analysts expect that HashiCorp, Inc. will post -0.48 earnings per share for the current year.

Insider Activity

In other news, CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.86, for a total value of $1,215,709.44. Following the transaction, the chief technology officer now owns 1,520,000 shares of the company’s stock, valued at approximately $51,467,200. This trade represents a 2.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total transaction of $470,360.80. Following the sale, the chief marketing officer now directly owns 4,368 shares of the company’s stock, valued at approximately $147,638.40. This trade represents a 76.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 330,305 shares of company stock valued at $11,174,756. Company insiders own 22.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Citigroup initiated coverage on HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price for the company. StockNews.com started coverage on HashiCorp in a research report on Saturday. They issued a “hold” rating on the stock. Finally, Piper Sandler reissued a “neutral” rating and set a $35.00 price objective on shares of HashiCorp in a report on Friday, August 30th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, HashiCorp presently has a consensus rating of “Hold” and a consensus target price of $32.08.

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.