Healthcare of Ontario Pension Plan Trust Fund Has $37.87 Million Stock Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,118,478 shares of the company’s stock after purchasing an additional 149,978 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in HashiCorp were worth $37,872,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HCP. Advisors Asset Management Inc. increased its stake in shares of HashiCorp by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock worth $86,000 after purchasing an additional 961 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of HashiCorp during the 1st quarter worth $378,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of HashiCorp during the 1st quarter worth $1,070,000. California State Teachers Retirement System increased its stake in shares of HashiCorp by 5.1% during the 1st quarter. California State Teachers Retirement System now owns 111,076 shares of the company’s stock worth $2,993,000 after purchasing an additional 5,372 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of HashiCorp by 2.1% during the 1st quarter. Comerica Bank now owns 18,432 shares of the company’s stock worth $497,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

Analyst Ratings Changes

HCP has been the topic of several analyst reports. StockNews.com initiated coverage on shares of HashiCorp in a research note on Saturday, November 23rd. They set a “hold” rating on the stock. Citigroup assumed coverage on shares of HashiCorp in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $35.00 target price on shares of HashiCorp in a research note on Friday, August 30th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.08.

HashiCorp Price Performance

Shares of HashiCorp stock opened at $33.58 on Thursday. HashiCorp, Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $34.21. The firm has a fifty day moving average price of $33.86 and a two-hundred day moving average price of $33.70. The company has a market cap of $6.81 billion, a PE ratio of -44.77 and a beta of 1.24.

HashiCorp (NASDAQ:HCP) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The firm had revenue of $165.14 million during the quarter, compared to the consensus estimate of $157.22 million. During the same period in the prior year, the firm earned ($0.34) EPS. The business’s revenue was up 15.3% on a year-over-year basis. Analysts expect that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Transactions at HashiCorp

In other news, CTO Armon Dadgar sold 35,903 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.90, for a total transaction of $1,217,111.70. Following the completion of the transaction, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,528,000. This trade represents a 2.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ledger Susan St. sold 22,232 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $33.84, for a total transaction of $752,330.88. Following the transaction, the insider now directly owns 167,747 shares of the company’s stock, valued at $5,676,558.48. The trade was a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 366,208 shares of company stock valued at $12,391,868. Company insiders own 22.49% 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.