Janus Henderson Group PLC Trims Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Janus Henderson Group PLC trimmed its position in HashiCorp, Inc. (NASDAQ:HCP) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 969,409 shares of the company’s stock after selling 638 shares during the period. Janus Henderson Group PLC owned about 0.49% of HashiCorp worth $26,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in shares of HashiCorp during the 4th quarter worth about $381,000. Arizona State Retirement System raised its holdings in HashiCorp by 6.6% in the fourth quarter. Arizona State Retirement System now owns 28,111 shares of the company’s stock valued at $665,000 after buying an additional 1,750 shares during the period. Perigon Wealth Management LLC raised its holdings in HashiCorp by 30.3% in the fourth quarter. Perigon Wealth Management LLC now owns 95,686 shares of the company’s stock valued at $2,262,000 after buying an additional 22,232 shares during the period. SVB Wealth LLC purchased a new position in HashiCorp in the fourth quarter valued at approximately $273,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in HashiCorp by 21.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,178 shares of the company’s stock valued at $1,990,000 after buying an additional 14,582 shares during the period. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Scotiabank restated a “sector perform” rating and issued a $35.00 price target (up previously from $31.00) on shares of HashiCorp in a report on Thursday, April 25th. StockNews.com assumed coverage on shares of HashiCorp in a report on Friday, July 26th. They issued a “hold” rating on the stock. William Blair lowered shares of HashiCorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 24th. BTIG Research downgraded shares of HashiCorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 24th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Thursday, June 6th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, HashiCorp presently has a consensus rating of “Hold” and an average target price of $31.17.

Insider Activity at HashiCorp

In related news, Director Sigal Zarmi sold 975 shares of HashiCorp stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.60, for a total transaction of $32,760.00. Following the sale, the director now directly owns 37,546 shares in the company, valued at $1,261,545.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO David Mcjannet sold 48,055 shares of HashiCorp stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.26, for a total transaction of $1,598,309.30. Following the sale, the chief executive officer now directly owns 373,330 shares in the company, valued at $12,416,955.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sigal Zarmi sold 975 shares of HashiCorp stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $33.60, for a total value of $32,760.00. Following the transaction, the director now directly owns 37,546 shares in the company, valued at $1,261,545.60. The disclosure for this sale can be found here. Insiders have sold a total of 392,820 shares of company stock worth $13,108,279 over the last ninety days. 22.49% of the stock is currently owned by corporate insiders.

HashiCorp Stock Up 0.3 %

HCP stock traded up $0.10 during mid-day trading on Wednesday, reaching $33.76. The company had a trading volume of 969,650 shares, compared to its average volume of 3,552,424. The stock has a market capitalization of $6.79 billion, a P/E ratio of -35.06 and a beta of 1.25. HashiCorp, Inc. has a one year low of $18.91 and a one year high of $34.05. The stock’s 50-day simple moving average is $33.57 and its two-hundred day simple moving average is $28.97.

HashiCorp (NASDAQ:HCP) last posted its earnings results on Thursday, May 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $160.58 million for the quarter, compared to analysts’ expectations of $153.39 million. HashiCorp had a negative return on equity of 14.27% and a negative net margin of 31.13%. On average, research analysts forecast that HashiCorp, Inc. will post -0.8 EPS for the current fiscal year.

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.