Renaissance Technologies LLC Trims Position in HashiCorp, Inc. (NASDAQ:HCP)

Renaissance Technologies LLC decreased its stake in HashiCorp, Inc. (NASDAQ:HCP) by 27.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 719,702 shares of the company’s stock after selling 274,798 shares during the quarter. Renaissance Technologies LLC owned approximately 0.35% of HashiCorp worth $24,621,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HCP. 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 boosted its holdings in shares of HashiCorp by 45.9% during the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock worth $178,000 after purchasing an additional 1,637 shares during the last quarter. Callan Family Office LLC acquired a new position in HashiCorp during the fourth quarter worth $269,000. Ashton Thomas Private Wealth LLC grew its holdings in shares of HashiCorp by 9.0% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 9,226 shares of the company’s stock valued at $316,000 after purchasing an additional 765 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of HashiCorp in the 4th quarter valued at approximately $379,000. Hedge funds and other institutional investors own 86.25% of the company’s stock.

HashiCorp Price Performance

NASDAQ HCP opened at $34.78 on Friday. The firm’s fifty day moving average price is $34.65 and its 200 day moving average price is $34.22. The company 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 12 month low of $23.00 and a 12 month high of $34.85.

Analyst Ratings Changes

HCP has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on HashiCorp in a research report on Monday, April 7th. They set a “hold” rating for the company. JMP Securities restated a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.40.

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.