HashiCorp (NASDAQ:HCP) Research Coverage Started at StockNews.com

by · The Markets Daily

StockNews.com began coverage on shares of HashiCorp (NASDAQ:HCP – Free Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the stock.

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

Check Out Our Latest Stock Report on HCP

HashiCorp Stock Performance

Shares of HCP stock opened at $34.78 on Tuesday. The stock has a fifty day moving average price of $34.56 and a 200 day moving average price of $34.17. The stock has a market cap of $7.11 billion, a PE 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock valued at $70,000 after purchasing an additional 1,580 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of HashiCorp by 16.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock valued at $124,000 after buying an additional 524 shares during the last quarter. KBC Group NV lifted its stake in shares of HashiCorp by 45.9% during the fourth quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after buying an additional 1,637 shares during the period. Gotham Asset Management LLC acquired a new stake in HashiCorp during the fourth quarter worth approximately $203,000. Finally, MetLife Investment Management LLC grew its stake in HashiCorp by 43.8% in the 3rd quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock worth $254,000 after acquiring an additional 2,282 shares during the period. Hedge funds and other institutional investors own 86.25% of the company’s stock.

About HashiCorp

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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.

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