Syquant Capital Sas Invests $18.55 Million in HashiCorp, Inc. (NASDAQ:HCP)

Syquant Capital Sas bought a new stake in shares of HashiCorp, Inc. (NASDAQ:HCP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 542,344 shares of the company’s stock, valued at approximately $18,554,000. HashiCorp comprises about 26.3% of Syquant Capital Sas’ holdings, making the stock its 2nd largest position. Syquant Capital Sas owned about 0.27% of HashiCorp at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Westchester Capital Management LLC lifted its holdings in HashiCorp by 60.5% during the third quarter. Westchester Capital Management LLC now owns 3,200,322 shares of the company’s stock worth $108,363,000 after acquiring an additional 1,206,073 shares during the period. Geode Capital Management LLC increased its position in shares of HashiCorp by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after purchasing an additional 385,118 shares during the last quarter. State Street Corp raised its stake in shares of HashiCorp by 14.5% during the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company’s stock worth $75,841,000 after purchasing an additional 282,965 shares during the period. Alpine Associates Management Inc. boosted its holdings in shares of HashiCorp by 48.7% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock worth $72,533,000 after buying an additional 701,350 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in HashiCorp during the second quarter valued at about $71,490,000. Institutional investors own 86.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on HCP shares. StockNews.com began coverage on HashiCorp in a research note on Sunday, December 29th. They set a “hold” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, HashiCorp presently has a consensus rating of “Hold” and a consensus target price of $32.08.

Insider Activity at HashiCorp

In related news, CEO David Mcjannet sold 47,526 shares of the business’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 transaction, the chief executive officer now directly owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Armon Dadgar sold 17,800 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total transaction of $609,294.00. Following the completion of the transaction, the chief technology officer now directly owns 31,348 shares in the company, valued at $1,073,042.04. This trade represents a 36.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,940 shares of company stock worth $7,088,351. 22.49% of the stock is owned by insiders.

HashiCorp Stock Performance

Shares of NASDAQ HCP remained flat at $34.31 during midday trading on Monday. 288,641 shares of the stock traded hands, compared to its average volume of 2,657,186. The firm’s 50 day moving average is $33.96 and its 200 day moving average is $33.83. HashiCorp, Inc. has a 52-week low of $20.89 and a 52-week high of $34.46. The stock has a market cap of $7.01 billion, a P/E ratio of -56.24 and a beta of 1.18.

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.