HashiCorp, Inc. (NASDAQ:HCP) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its stake in HashiCorp, Inc. (NASDAQ:HCP) by 63.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,468 shares of the company’s stock after selling 164,008 shares during the period. Summit Trail Advisors LLC’s holdings in HashiCorp were worth $2,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its stake in HashiCorp by 35.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock worth $54,000 after acquiring an additional 615 shares during the last quarter. Xponance Inc. lifted its holdings in shares of HashiCorp by 6.7% during the 3rd quarter. Xponance Inc. now owns 10,701 shares of the company’s stock valued at $244,000 after acquiring an additional 673 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in HashiCorp by 8.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,302 shares of the company’s stock worth $281,000 after purchasing an additional 918 shares during the period. Principal Financial Group Inc. increased its holdings in HashiCorp by 10.0% in the 3rd quarter. Principal Financial Group Inc. now owns 10,778 shares of the company’s stock valued at $246,000 after purchasing an additional 978 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of HashiCorp by 5.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 28,010 shares of the company’s stock valued at $639,000 after buying an additional 1,410 shares during the period. Institutional investors and hedge funds own 87.83% of the company’s stock.

Insider Transactions at HashiCorp

In other news, Director Sigal Zarmi sold 4,350 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $130,500.00. Following the completion of the sale, the director now directly owns 37,991 shares of the company’s stock, valued at $1,139,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Sigal Zarmi sold 4,350 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total value of $130,500.00. Following the transaction, the director now owns 37,991 shares in the company, valued at $1,139,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Navam Welihinda sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the chief financial officer now owns 62,844 shares in the company, valued at approximately $1,571,100. The disclosure for this sale can be found here. Insiders sold 267,427 shares of company stock valued at $7,076,511 over the last three months. 26.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HCP has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $38.00 target price on shares of HashiCorp in a research note on Thursday, March 7th. StockNews.com upgraded shares of HashiCorp from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus lifted their price objective on shares of HashiCorp from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Oppenheimer reissued an “outperform” rating and set a $34.00 price target on shares of HashiCorp in a report on Wednesday, March 6th. Finally, William Blair downgraded shares of HashiCorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 24th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, HashiCorp currently has a consensus rating of “Hold” and a consensus price target of $30.77.

HashiCorp Stock Performance

HCP stock remained flat at $32.79 during mid-day trading on Tuesday. 1,121,292 shares of the company’s stock were exchanged, compared to its average volume of 3,583,725. HashiCorp, Inc. has a 52 week low of $18.91 and a 52 week high of $36.39. The stock has a 50-day moving average of $27.24 and a two-hundred day moving average of $23.94.

HashiCorp (NASDAQ:HCP) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.06. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. The company had revenue of $155.78 million during the quarter, compared to analyst estimates of $149.47 million. On average, equities research analysts anticipate that HashiCorp, Inc. will post -0.8 earnings per share for the current year.

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.