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

by · The Markets Daily

Olympiad Research LP cut its stake in shares of HashiCorp, Inc. (NASDAQ:HCP – Free Report) by 50.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,283 shares of the company’s stock after selling 30,401 shares during the quarter. HashiCorp accounts for about 1.0% of Olympiad Research LP’s holdings, making the stock its 20th biggest holding. Olympiad Research LP’s holdings in HashiCorp were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Amalgamated Bank raised its stake in shares of HashiCorp by 43.7% during the third quarter. Amalgamated Bank now owns 9,085 shares of the company’s stock worth $308,000 after acquiring an additional 2,762 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of HashiCorp by 41.9% during the third quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock worth $390,000 after acquiring an additional 3,399 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of HashiCorp by 5.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,686 shares of the company’s stock worth $1,987,000 after acquiring an additional 3,118 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of HashiCorp by 27.4% during the third quarter. Wolverine Asset Management LLC now owns 103,118 shares of the company’s stock worth $3,492,000 after acquiring an additional 22,176 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of HashiCorp by 518.9% during the third quarter. Versor Investments LP now owns 157,725 shares of the company’s stock worth $5,341,000 after acquiring an additional 132,239 shares in the last quarter. 86.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 17,800 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total transaction of $609,294.00. Following the transaction, the chief technology officer now directly owns 31,348 shares of the company’s stock, valued at approximately $1,073,042.04. The trade was a 36.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Mcjannet sold 47,526 shares of the business’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 sale, the chief executive officer now owns 465,978 shares in the company, 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. In the last ninety days, insiders have sold 101,229 shares of company stock valued at $3,441,256. 22.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com raised shares of HashiCorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research note on Monday, December 16th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, HashiCorp currently has an average rating of “Hold” and an average price target of $32.08.

Get Our Latest Stock Analysis on HashiCorp

HashiCorp Trading Up 0.1 %

Shares of HashiCorp stock opened at $34.50 on Friday. The company’s fifty day simple moving average is $34.25 and its two-hundred day simple moving average is $33.97. The company has a market cap of $7.05 billion, a P/E 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.

HashiCorp Profile

(Free Report)

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.

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