SG Americas Securities LLC Raises Stock Holdings in HashiCorp, Inc. (NASDAQ:HCP)

SG Americas Securities LLC lifted its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 1,512.2% during the 4th quarter, Holdings Channel reports. The firm owned 720,930 shares of the company’s stock after buying an additional 676,212 shares during the period. SG Americas Securities LLC’s holdings in HashiCorp were worth $24,663,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Longfellow Investment Management Co. LLC acquired a new stake in shares of HashiCorp in the third quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in HashiCorp in the third quarter valued at $51,000. KBC Group NV lifted its holdings in HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock valued at $121,000 after acquiring an additional 731 shares during the period. Quest Partners LLC increased its position in shares of HashiCorp by 64.8% in the third quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock valued at $198,000 after buying an additional 2,296 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV purchased a new stake in HashiCorp during the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 86.25% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.86, for a total transaction of $1,215,709.44. Following the completion of the sale, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,467,200. This represents a 2.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the sale, the chief executive officer now owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,036 shares of company stock worth $5,874,078. 22.49% of the stock is owned by company insiders.

HashiCorp Stock Performance

Shares of HCP stock opened at $34.28 on Thursday. HashiCorp, Inc. has a 1 year low of $21.50 and a 1 year high of $34.47. The stock has a fifty day moving average of $34.00 and a two-hundred day moving average of $33.86.

Analyst Upgrades and Downgrades

HCP has been the subject of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. StockNews.com upgraded HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.08.

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.