LMR Partners LLP Has $26.66 Million Holdings in HashiCorp, Inc. (NASDAQ:HCP)

LMR Partners LLP decreased its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 25.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 787,418 shares of the company’s stock after selling 267,398 shares during the period. LMR Partners LLP owned about 0.39% of HashiCorp worth $26,662,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Quest Partners LLC lifted its stake in shares of HashiCorp by 64.8% in the 3rd 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 during the last quarter. Swiss National Bank lifted its position in shares of HashiCorp by 26.0% in the third quarter. Swiss National Bank now owns 282,700 shares of the company’s stock worth $9,572,000 after buying an additional 58,300 shares during the last quarter. ING Groep NV boosted its stake in shares of HashiCorp by 851.2% during the 3rd quarter. ING Groep NV now owns 1,671,200 shares of the company’s stock worth $56,587,000 after acquiring an additional 1,495,500 shares in the last quarter. KBC Group NV increased its holdings in shares of HashiCorp by 25.8% during the 3rd quarter. KBC Group NV now owns 3,563 shares of the company’s stock valued at $121,000 after acquiring an additional 731 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of HashiCorp by 4.8% during the 3rd quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock valued at $646,000 after acquiring an additional 873 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

HashiCorp Trading Down 0.5 %

Shares of HCP stock opened at $33.74 on Monday. HashiCorp, Inc. has a 12 month low of $19.26 and a 12 month high of $34.21. The company has a market capitalization of $6.85 billion, a P/E ratio of -44.99 and a beta of 1.24. The stock has a 50 day moving average of $33.88 and a two-hundred day moving average of $33.64.

HashiCorp (NASDAQ:HCP) last issued its earnings results on Thursday, August 29th. The company reported $0.08 EPS for the quarter. HashiCorp had a negative return on equity of 10.54% and a negative net margin of 23.69%. The firm had revenue of $165.14 million during the quarter, compared to analysts’ expectations of $157.22 million. During the same period last year, the business earned ($0.34) earnings per share. HashiCorp’s quarterly revenue was up 15.3% compared to the same quarter last year. Sell-side analysts predict that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HCP. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. StockNews.com assumed coverage on shares of HashiCorp in a report on Sunday. They set a “hold” rating for the company. Citigroup initiated coverage on shares of HashiCorp in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, Piper Sandler reissued a “neutral” rating and set a $35.00 target price on shares of HashiCorp in a research report on Friday, August 30th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, HashiCorp currently has an average rating of “Hold” and a consensus price target of $32.08.

Insider Activity at HashiCorp

In other HashiCorp news, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.86, for a total value of $1,215,709.44. Following the sale, the chief technology officer now directly owns 1,520,000 shares in the company, valued at $51,467,200. This represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ledger Susan St. sold 22,232 shares of HashiCorp stock in a transaction on Friday, September 20th. The shares were sold at an average price of $33.84, for a total value of $752,330.88. Following the transaction, the insider now directly owns 167,747 shares of the company’s stock, valued at approximately $5,676,558.48. The trade was a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 371,209 shares of company stock valued at $12,559,456 over the last quarter. 22.49% of the stock is owned by company insiders.

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.