Landscape Capital Management L.L.C. Has $705,000 Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Landscape Capital Management L.L.C. decreased its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 14.6% during the third quarter, Holdings Channel.com reports. The firm owned 20,824 shares of the company’s stock after selling 3,559 shares during the period. Landscape Capital Management L.L.C.’s holdings in HashiCorp were worth $705,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Xponance Inc. increased its stake in HashiCorp by 3.1% in the 2nd quarter. Xponance Inc. now owns 10,271 shares of the company’s stock valued at $346,000 after buying an additional 305 shares during the period. Comerica Bank increased its stake in shares of HashiCorp by 2.1% in the first quarter. Comerica Bank now owns 18,432 shares of the company’s stock worth $497,000 after acquiring an additional 374 shares during the last quarter. KBC Group NV raised its holdings in shares of HashiCorp by 25.8% during the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after acquiring an additional 731 shares in the last quarter. Victory Capital Management Inc. boosted its position in HashiCorp by 4.8% during the third quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock valued at $646,000 after purchasing an additional 873 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in HashiCorp by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after purchasing an additional 961 shares in the last quarter. 87.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HCP. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, September 16th. Citigroup began coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective on the stock. StockNews.com initiated coverage on shares of HashiCorp in a research report on Saturday. They issued a “hold” rating for the company. Finally, Piper Sandler restated a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a report on Friday, August 30th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, HashiCorp has a consensus rating of “Hold” and an average price target of $32.08.

HashiCorp Price Performance

HashiCorp stock opened at $33.92 on Friday. HashiCorp, Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $34.21. The firm has a fifty day moving average price of $33.87 and a two-hundred day moving average price of $33.67. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of -45.23 and a beta of 1.24.

HashiCorp (NASDAQ:HCP) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $165.14 million during the quarter, compared to analysts’ expectations of $157.22 million. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) EPS. As a group, sell-side analysts expect that HashiCorp, Inc. will post -0.48 earnings per share for the current year.

Insider Buying and Selling

In related news, CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.80, for a total transaction of $470,360.80. Following the transaction, the chief marketing officer now directly owns 4,368 shares in the company, valued at $147,638.40. The trade was a 76.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.86, for a total value of $1,215,709.44. Following the completion of the transaction, the chief technology officer now directly owns 1,520,000 shares of the company’s stock, valued at approximately $51,467,200. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 330,305 shares of company stock valued at $11,174,756. 22.49% of the stock is owned by company insiders.

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.