XTX Topco Ltd Buys New Position in HashiCorp, Inc. (NASDAQ:HCP)

XTX Topco Ltd purchased a new position in HashiCorp, Inc. (NASDAQ:HCP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,657 shares of the company’s stock, valued at approximately $494,000.

A number of other large investors have also modified their holdings of HCP. American Capital Advisory LLC acquired a new position in shares of HashiCorp in the 2nd quarter valued at $40,000. Advisors Asset Management Inc. raised its stake in shares of HashiCorp by 43.0% in the first 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. Covestor Ltd raised its stake in shares of HashiCorp by 12,888.9% in the first quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after purchasing an additional 3,480 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of HashiCorp by 9,736.1% during the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after purchasing an additional 3,505 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in HashiCorp in the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David Mcjannet sold 48,055 shares of HashiCorp stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $1,626,181.20. Following the sale, the chief executive officer now directly owns 419,531 shares of the company’s stock, valued at $14,196,929.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HashiCorp news, CMO Marc Holmes sold 13,916 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $33.46, for a total value of $465,629.36. Following the completion of the sale, the chief marketing officer now owns 4,368 shares in the company, valued at approximately $146,153.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Mcjannet sold 48,055 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $33.84, for a total value of $1,626,181.20. Following the transaction, the chief executive officer now owns 419,531 shares in the company, valued at $14,196,929.04. The disclosure for this sale can be found here. In the last three months, insiders sold 354,355 shares of company stock worth $11,957,418. Corporate insiders own 22.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HCP shares. StockNews.com started coverage on shares of HashiCorp in a research report on Tuesday. They set a “hold” rating for the company. Citigroup initiated coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 target price for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Finally, JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, HashiCorp presently has a consensus rating of “Hold” and an average target price of $32.08.

HashiCorp Trading Up 0.0 %

Shares of HCP opened at $33.83 on Wednesday. The firm has a market cap of $6.80 billion, a P/E ratio of -35.24 and a beta of 1.25. The stock’s 50 day moving average is $33.74 and its two-hundred day moving average is $31.84. HashiCorp, Inc. has a 12 month low of $18.91 and a 12 month high of $34.06.

HashiCorp (NASDAQ:HCP) last released its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. The business had revenue of $165.14 million during the quarter, compared to analysts’ expectations of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.34) earnings per share. Equities research analysts forecast that HashiCorp, Inc. will post -0.59 EPS for the current year.

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.