HashiCorp, Inc. (NASDAQ:HCP) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC raised its position in HashiCorp, Inc. (NASDAQ:HCP) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,000 shares of the company’s stock after buying an additional 3,456 shares during the period. Calamos Advisors LLC’s holdings in HashiCorp were worth $615,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its holdings in HashiCorp by 327.8% in the third quarter. Ronald Blue Trust Inc. now owns 2,049 shares of the company’s stock valued at $47,000 after buying an additional 1,570 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in HashiCorp by 35.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,351 shares of the company’s stock valued at $54,000 after buying an additional 615 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of HashiCorp by 35.5% during the third quarter. Victory Capital Management Inc. now owns 10,576 shares of the company’s stock worth $241,000 after purchasing an additional 2,768 shares in the last quarter. Xponance Inc. increased its stake in shares of HashiCorp by 6.7% during the third quarter. Xponance Inc. now owns 10,701 shares of the company’s stock worth $244,000 after purchasing an additional 673 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of HashiCorp by 10.0% during the third quarter. Principal Financial Group Inc. now owns 10,778 shares of the company’s stock worth $246,000 after purchasing an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Insider Transactions at HashiCorp

In other news, CEO David Mcjannet sold 33,331 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $27.38, for a total value of $912,602.78. Following the transaction, the chief executive officer now directly owns 326,912 shares in the company, valued at approximately $8,950,850.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO David Mcjannet sold 33,331 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $27.38, for a total value of $912,602.78. Following the transaction, the chief executive officer now directly owns 326,912 shares in the company, valued at approximately $8,950,850.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $23.02, for a total transaction of $826,510.08. Following the completion of the transaction, the chief technology officer now owns 1,804,780 shares in the company, valued at $41,546,035.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 224,173 shares of company stock worth $5,641,396. 26.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HCP has been the subject of a number of research reports. BTIG Research boosted their target price on shares of HashiCorp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Scotiabank raised shares of HashiCorp from a “sector perform” rating to a “sector outperform” rating and set a $31.00 target price for the company in a research note on Tuesday, March 12th. JMP Securities reissued a “market outperform” rating and set a $38.00 target price on shares of HashiCorp in a research note on Thursday, March 7th. TD Cowen boosted their target price on shares of HashiCorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Finally, KeyCorp started coverage on shares of HashiCorp in a research note on Tuesday, March 19th. They set a “sector weight” rating for the company. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.77.

HashiCorp Price Performance

NASDAQ:HCP opened at $24.55 on Tuesday. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -25.05 and a beta of 1.42. The company’s 50-day moving average is $25.47 and its two-hundred day moving average is $23.20. HashiCorp, Inc. has a 1-year low of $18.91 and a 1-year high of $36.39.

HashiCorp (NASDAQ:HCP) last posted its earnings results 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. The company had revenue of $155.78 million for the quarter, compared to analyst estimates of $149.47 million. HashiCorp had a negative net margin of 32.70% and a negative return on equity of 15.58%. As a group, equities analysts anticipate that HashiCorp, Inc. will post -0.8 earnings per share for the current fiscal year.

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.