367,964 Shares in HashiCorp, Inc. (NASDAQ:HCP) Bought by Pathway Capital Management LP

Pathway Capital Management LP purchased a new stake in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 367,964 shares of the company's stock, valued at approximately $8,699,000. HashiCorp comprises 9.7% of Pathway Capital Management LP's portfolio, making the stock its 4th biggest position. Pathway Capital Management LP owned 0.19% of HashiCorp at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HCP. Dimensional Fund Advisors LP grew its holdings in HashiCorp by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,049,009 shares of the company's stock valued at $24,799,000 after purchasing an additional 92,586 shares during the period. Versor Investments LP boosted its holdings in HashiCorp by 15.7% in the 4th quarter. Versor Investments LP now owns 24,900 shares of the company's stock worth $589,000 after buying an additional 3,373 shares during the period. TimesSquare Capital Management LLC grew its position in shares of HashiCorp by 10.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,697,746 shares of the company's stock valued at $63,775,000 after purchasing an additional 254,720 shares in the last quarter. Industry Ventures L.L.C. bought a new stake in shares of HashiCorp during the fourth quarter valued at about $157,000. Finally, Charles Schwab Investment Management Inc. grew its stake in HashiCorp by 11.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 626,926 shares of the company's stock valued at $14,821,000 after acquiring an additional 63,879 shares in the last quarter. 87.83% of the stock is currently owned by institutional investors.

Insider Activity at HashiCorp

In other news, CTO Armon Dadgar sold 35,904 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $21.82, for a total value of $783,425.28. Following the transaction, the chief technology officer now owns 1,768,876 shares of the company's stock, valued at $38,596,874.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Navam Welihinda sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $21.84, for a total value of $54,600.00. Following the transaction, the chief financial officer now directly owns 62,844 shares of the company's stock, valued at approximately $1,372,512.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Armon Dadgar sold 35,904 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $21.82, for a total transaction of $783,425.28. Following the completion of the transaction, the chief technology officer now directly owns 1,768,876 shares in the company, valued at approximately $38,596,874.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,511 shares of company stock worth $6,603,750. 26.13% of the stock is owned by company insiders.

HashiCorp Stock Up 0.3 %

Shares of HashiCorp stock traded up $0.11 on Friday, reaching $33.04. The company's stock had a trading volume of 4,417,555 shares, compared to its average volume of 8,897,064. HashiCorp, Inc. has a 52 week low of $18.91 and a 52 week high of $36.39. The firm's fifty day simple moving average is $28.49 and its two-hundred day simple moving average is $24.68. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of -33.71 and a beta of 1.25.

HashiCorp (NASDAQ:HCP - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $155.78 million during the quarter, compared to analysts' expectations of $149.47 million. As a group, research analysts predict that HashiCorp, Inc. will post -0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial reissued a "hold" rating and issued a $35.00 price target (up previously from $27.00) on shares of HashiCorp in a research note on Thursday, April 25th. Morgan Stanley raised HashiCorp from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $23.00 to $30.00 in a research note on Monday, February 26th. Oppenheimer reiterated an "outperform" rating and set a $34.00 price objective on shares of HashiCorp in a research report on Wednesday, March 6th. William Blair cut HashiCorp from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 24th. Finally, Scotiabank reiterated a "sector perform" rating and set a $35.00 price target (up from $31.00) on shares of HashiCorp in a research report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $30.77.

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.