KLP Kapitalforvaltning AS Takes $1.06 Million Position in HashiCorp, Inc. (NASDAQ:HCP)

KLP Kapitalforvaltning AS acquired a new position in HashiCorp, Inc. (NASDAQ:HCP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 31,000 shares of the company’s stock, valued at approximately $1,061,000.

Other large investors have also recently bought and sold shares of the company. Melqart Asset Management UK Ltd acquired a new stake in shares of HashiCorp in the 3rd quarter valued at $28,224,000. SG Americas Securities LLC boosted its holdings in HashiCorp by 1,512.2% in the fourth quarter. SG Americas Securities LLC now owns 720,930 shares of the company’s stock valued at $24,663,000 after acquiring an additional 676,212 shares during the last quarter. Polar Asset Management Partners Inc. increased its position in HashiCorp by 144.4% in the third quarter. Polar Asset Management Partners Inc. now owns 1,100,000 shares of the company’s stock worth $37,246,000 after purchasing an additional 650,000 shares during the period. Readystate Asset Management LP lifted its position in HashiCorp by 123.1% during the 3rd quarter. Readystate Asset Management LP now owns 994,670 shares of the company’s stock valued at $33,680,000 after purchasing an additional 548,770 shares during the period. Finally, Syquant Capital Sas bought a new position in shares of HashiCorp in the 4th quarter valued at about $18,554,000. Institutional investors and hedge funds own 86.25% of the company’s stock.

Analysts Set New Price Targets

HCP has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, HashiCorp presently has a consensus rating of “Hold” and a consensus target price of $34.40.

HashiCorp Price Performance

HCP opened at $34.78 on Monday. The stock has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 12 month low of $23.00 and a 12 month high of $34.85. The company has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $34.14.

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.