Elite Wealth Management Inc. Has $2.75 Million Stock Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Elite Wealth Management Inc. grew its stake in HashiCorp, Inc. (NASDAQ:HCP) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,405 shares of the company’s stock after acquiring an additional 6,731 shares during the period. HashiCorp accounts for approximately 0.3% of Elite Wealth Management Inc.’s holdings, making the stock its 19th largest position. Elite Wealth Management Inc.’s holdings in HashiCorp were worth $2,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HCP. Amalgamated Bank grew its stake in HashiCorp by 43.7% in the third quarter. Amalgamated Bank now owns 9,085 shares of the company’s stock valued at $308,000 after purchasing an additional 2,762 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of HashiCorp by 41.9% in the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock valued at $390,000 after buying an additional 3,399 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of HashiCorp by 5.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 58,686 shares of the company’s stock valued at $1,987,000 after buying an additional 3,118 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in HashiCorp by 27.4% during the third quarter. Wolverine Asset Management LLC now owns 103,118 shares of the company’s stock worth $3,492,000 after buying an additional 22,176 shares during the last quarter. Finally, Versor Investments LP raised its position in HashiCorp by 518.9% during the third quarter. Versor Investments LP now owns 157,725 shares of the company’s stock worth $5,341,000 after acquiring an additional 132,239 shares in the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

Analyst Ratings Changes

HCP has been the topic of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com upgraded HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.08.

HashiCorp Trading Up 0.1 %

HashiCorp stock opened at $34.50 on Friday. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of -56.56 and a beta of 1.18. The stock’s 50 day moving average is $34.24 and its 200-day moving average is $33.96. HashiCorp, Inc. has a 12 month low of $21.50 and a 12 month high of $34.54.

Insider Activity at HashiCorp

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.22, for a total value of $1,626,339.72. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Armon Dadgar sold 35,903 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.58, for a total transaction of $1,205,622.74. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,041,600. The trade was a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,229 shares of company stock worth $3,441,256 in the last ninety days. 22.49% of the stock is owned by company insiders.

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.