HashiCorp (NASDAQ:HCP) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of HashiCorp (NASDAQ:HCP) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock.

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

HashiCorp Price Performance

Shares of NASDAQ:HCP opened at $34.78 on Tuesday. The business has a 50-day moving average of $34.54 and a two-hundred day moving average of $34.16. The firm has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp has a 12 month low of $23.00 and a 12 month high of $34.85.

Hedge Funds Weigh In On HashiCorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of HashiCorp by 331.2% during the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after purchasing an additional 1,580 shares in the last quarter. Sterling Capital Management LLC increased its stake in HashiCorp by 16.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock worth $124,000 after buying an additional 524 shares during the period. KBC Group NV lifted its holdings in HashiCorp by 45.9% in the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock worth $178,000 after buying an additional 1,637 shares in the last quarter. Gotham Asset Management LLC purchased a new position in HashiCorp in the 4th quarter valued at about $203,000. Finally, MetLife Investment Management LLC grew its stake 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 acquiring an additional 2,282 shares in the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

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.