SG Americas Securities LLC Acquires 676,212 Shares of HashiCorp, Inc. (NASDAQ:HCP)

SG Americas Securities LLC grew its stake in shares of HashiCorp, Inc. (NASDAQ:HCP) by 1,512.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 720,930 shares of the company’s stock after acquiring an additional 676,212 shares during the period. SG Americas Securities LLC owned 0.35% of HashiCorp worth $24,663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCP. Xponance Inc. grew its position in HashiCorp by 3.1% in the 2nd quarter. Xponance Inc. now owns 10,271 shares of the company’s stock worth $346,000 after purchasing an additional 305 shares during the period. KBC Group NV raised its position in shares of HashiCorp by 25.8% in the 3rd 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. increased its position in HashiCorp by 4.8% during the 3rd quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock valued at $646,000 after buying an additional 873 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of HashiCorp in the third quarter worth about $38,000. Finally, Ashton Thomas Private Wealth LLC raised its holdings in HashiCorp by 15.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 8,461 shares of the company’s stock worth $286,000 after purchasing an additional 1,160 shares during the period. Hedge funds and other institutional investors own 86.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HCP shares. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com upgraded shares of HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.08.

Insider Transactions at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 35,903 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.90, for a total transaction of $1,217,111.70. Following the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at $51,528,000. The trade was a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Mcjannet sold 47,526 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the completion of the transaction, the chief executive officer now owns 465,978 shares in the company, valued at approximately $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. Insiders sold 173,036 shares of company stock worth $5,874,078 over the last three months. 22.49% of the stock is currently owned by company insiders.

HashiCorp Price Performance

Shares of NASDAQ HCP opened at $34.28 on Thursday. HashiCorp, Inc. has a 1 year low of $21.50 and a 1 year high of $34.47. The firm has a 50-day moving average of $34.00 and a 200 day moving average of $33.86.

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.