Olympiad Research LP Sells 30,401 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Olympiad Research LP lessened its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 50.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,283 shares of the company’s stock after selling 30,401 shares during the period. HashiCorp accounts for approximately 1.0% of Olympiad Research LP’s holdings, making the stock its 20th biggest position. Olympiad Research LP’s holdings in HashiCorp were worth $1,002,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Longfellow Investment Management Co. LLC bought a new position in HashiCorp in the 3rd quarter worth about $38,000. Blue Trust Inc. boosted its stake in HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after purchasing an additional 1,580 shares in the last quarter. KBC Group NV boosted its stake in 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 purchasing an additional 731 shares in the last quarter. Quest Partners LLC boosted its stake in HashiCorp by 64.8% in the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company’s stock worth $198,000 after purchasing an additional 2,296 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in HashiCorp by 43.8% in the 3rd quarter. MetLife Investment Management LLC now owns 7,491 shares of the company’s stock worth $254,000 after purchasing an additional 2,282 shares in the last quarter. Institutional investors own 86.25% of the company’s stock.

Insider Buying and Selling

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.22, for a total value of $1,626,339.72. Following the completion of the transaction, the chief executive officer now directly owns 465,978 shares in the company, valued at $15,945,767.16. This represents a 9.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Armon Dadgar sold 17,800 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was 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 $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,229 shares of company stock valued at $3,441,256. 22.49% of the stock is owned by corporate insiders.

HashiCorp Trading Up 0.1 %

HashiCorp stock opened at $34.50 on Friday. The firm has a 50 day moving average of $34.25 and a 200 day moving average of $33.97. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of -56.56 and a beta of 1.18. HashiCorp, Inc. has a 12-month low of $21.50 and a 12-month high of $34.54.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HCP. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.08.

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.