HashiCorp, Inc. (NASDAQ:HCP) Shares Purchased by Highbridge Capital Management LLC

Highbridge Capital Management LLC grew its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 17.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 998,230 shares of the company’s stock after buying an additional 144,890 shares during the period. HashiCorp makes up approximately 1.3% of Highbridge Capital Management LLC’s investment portfolio, making the stock its 29th largest holding. Highbridge Capital Management LLC’s holdings in HashiCorp were worth $34,149,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Blue Trust Inc. increased its position in shares of HashiCorp by 331.2% in the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock valued at $70,000 after buying an additional 1,580 shares in the last quarter. KBC Group NV grew its stake in HashiCorp by 45.9% in the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after acquiring an additional 1,637 shares during the last quarter. Quest Partners LLC grew its stake in HashiCorp by 64.8% in the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock valued at $198,000 after acquiring an additional 2,296 shares during the last quarter. MetLife Investment Management LLC increased its holdings in HashiCorp by 43.8% during the 3rd 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. Finally, Callan Family Office LLC acquired a new position in HashiCorp during the fourth quarter worth about $269,000. 86.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HCP shares. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.40.

HashiCorp Stock Performance

Shares of HCP stock opened at $34.78 on Friday. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a one year low of $23.00 and a one year high of $34.85. The company has a 50 day moving average price of $34.51 and a 200 day moving average price of $34.13.

HashiCorp 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.