Arizona State Retirement System Acquires 1,561 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Arizona State Retirement System increased its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,267 shares of the company’s stock after purchasing an additional 1,561 shares during the quarter. Arizona State Retirement System’s holdings in HashiCorp were worth $1,480,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. State Street Corp grew its holdings in HashiCorp by 14.5% in the third quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after purchasing an additional 282,965 shares during the last quarter. Syquant Capital Sas purchased a new position in HashiCorp in the fourth quarter worth $18,554,000. Geode Capital Management LLC grew its holdings in HashiCorp by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after purchasing an additional 385,118 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in HashiCorp by 42.7% in the fourth quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock worth $8,268,000 after purchasing an additional 72,088 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in HashiCorp by 41.9% in the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock worth $390,000 after purchasing an additional 3,399 shares during the last quarter. Institutional investors own 86.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.40.

Insider Buying and Selling at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 17,800 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the transaction, the chief technology officer now owns 31,348 shares in the company, valued at approximately $1,073,042.04. This represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Mcjannet sold 47,526 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the transaction, the chief executive officer now owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. This trade represents a 9.26 % decrease in their position. The disclosure for this sale can be found here. 22.49% of the stock is owned by corporate insiders.

HashiCorp Price Performance

Shares of HCP opened at $34.78 on Thursday. The firm has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 1-year low of $23.00 and a 1-year high of $34.85. The company’s fifty day moving average price is $34.41 and its 200-day moving average price is $34.06.

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.