Amundi Sells 390,037 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Amundi trimmed its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 50.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 381,099 shares of the company’s stock after selling 390,037 shares during the quarter. Amundi’s holdings in HashiCorp were worth $13,083,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new position in shares of HashiCorp during the third quarter worth approximately $38,000. Blue Trust Inc. increased its stake in 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 purchasing an additional 1,580 shares in the last quarter. KBC Group NV increased its stake in HashiCorp by 25.8% in the third quarter. KBC Group NV now owns 3,563 shares of the company’s stock valued at $121,000 after purchasing an additional 731 shares in the last quarter. Quest Partners LLC increased its stake in HashiCorp by 64.8% in the third quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock valued at $198,000 after purchasing an additional 2,296 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in HashiCorp by 43.8% in the third quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock valued at $254,000 after purchasing an additional 2,282 shares in the last quarter. 86.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HCP has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.40.

Insider Transactions at HashiCorp

In related news, CTO Armon Dadgar sold 17,800 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the transaction, the chief technology officer now owns 31,348 shares of the company’s stock, valued at approximately $1,073,042.04. This trade represents a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Mcjannet sold 47,526 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were 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 directly owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. This trade represents a 9.26 % decrease in their position. The disclosure for this sale can be found here. 22.49% of the stock is owned by insiders.

HashiCorp Price Performance

Shares of HCP stock opened at $34.78 on Friday. The firm has a fifty day moving average of $34.43 and a 200-day moving average of $34.07. HashiCorp, Inc. has a 12-month low of $23.00 and a 12-month high of $34.85. 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 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.