Versor Investments LP Has $3.05 Million Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Versor Investments LP reduced its stake in shares of HashiCorp, Inc. (NASDAQ:HCP) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,236 shares of the company’s stock after selling 68,489 shares during the period. HashiCorp accounts for approximately 0.5% of Versor Investments LP’s investment portfolio, making the stock its 18th biggest position. Versor Investments LP’s holdings in HashiCorp were worth $3,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new position in shares of HashiCorp in the third quarter worth approximately $38,000. Blue Trust Inc. lifted its position in shares of HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after purchasing an additional 1,580 shares during the period. 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 buying an additional 731 shares during the period. Quest Partners LLC lifted its stake in shares of 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 purchasing an additional 2,296 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of 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 purchasing an additional 2,282 shares in the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HashiCorp news, CTO Armon Dadgar sold 17,800 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the transaction, the chief technology officer now owns 31,348 shares in the company, valued at $1,073,042.04. This represents a 36.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction on Friday, December 20th. The stock was 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 in the company, valued at $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,229 shares of company stock worth $3,441,256. 22.49% of the stock is owned by insiders.

HashiCorp Trading Down 0.1 %

Shares of NASDAQ:HCP opened at $34.78 on Thursday. HashiCorp, Inc. has a 1-year low of $23.00 and a 1-year high of $34.85. The stock has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. The stock’s fifty day simple moving average is $34.29 and its two-hundred day simple moving average is $33.99.

Wall Street Analyst Weigh In

A number of research firms have commented on HCP. StockNews.com upgraded shares of HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.27.

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.