HashiCorp (NASDAQ:HCP) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of HashiCorp (NASDAQ:HCP) in a report published on Sunday morning. The brokerage issued a hold rating on the stock.

Separately, 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, HashiCorp has a consensus rating of “Hold” and an average price target of $34.40.

HashiCorp Price Performance

Shares of HCP opened at $34.78 on Friday. The company’s 50-day moving average is $34.68 and its 200-day moving average is $34.23. The firm has a market capitalization of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp has a fifty-two week low of $23.00 and a fifty-two week high of $34.85.

Institutional Investors Weigh In On HashiCorp

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in HashiCorp in the 4th quarter valued at $161,190,000. Caxton Associates LP boosted its stake in shares of HashiCorp by 284.8% during the fourth quarter. Caxton Associates LP now owns 1,086,285 shares of the company’s stock valued at $37,162,000 after purchasing an additional 803,980 shares in the last quarter. AQR Arbitrage LLC boosted its position in HashiCorp by 56.2% during the 4th quarter. AQR Arbitrage LLC now owns 1,933,854 shares of the company’s stock worth $66,138,000 after buying an additional 695,729 shares during the period. National Bank of Canada FI acquired a new position in shares of HashiCorp during the fourth quarter worth $23,697,000. Finally, SG Americas Securities LLC grew its position in shares of HashiCorp by 1,512.2% in the 4th quarter. SG Americas Securities LLC now owns 720,930 shares of the company’s stock valued at $24,663,000 after buying an additional 676,212 shares during the last quarter. 86.25% of the stock is currently owned by institutional investors.

About HashiCorp

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.