HashiCorp, Inc. (NASDAQ:HCP) is BCK Capital Management LP’s 5th Largest Position

BCK Capital Management LP lessened its stake in shares of HashiCorp, Inc. (NASDAQ:HCP) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,112 shares of the company’s stock after selling 27,851 shares during the period. HashiCorp makes up about 3.5% of BCK Capital Management LP’s investment portfolio, making the stock its 5th largest holding. BCK Capital Management LP owned 0.07% of HashiCorp worth $4,862,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of HashiCorp by 1,512.2% in the fourth quarter. SG Americas Securities LLC now owns 720,930 shares of the company’s stock worth $24,663,000 after acquiring an additional 676,212 shares during the period. Blue Trust Inc. grew its holdings in shares of HashiCorp by 331.2% in the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after acquiring an additional 1,580 shares during the period. KBC Group NV grew its holdings in shares of HashiCorp by 45.9% in the fourth quarter. KBC Group NV now owns 5,200 shares of the company’s stock worth $178,000 after acquiring an additional 1,637 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of HashiCorp by 42.7% in the fourth quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock worth $8,268,000 after acquiring an additional 72,088 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of HashiCorp in the fourth quarter worth $5,430,000. Institutional investors own 86.25% of the company’s stock.

HashiCorp Price Performance

Shares of HashiCorp stock opened at $34.78 on Friday. The stock’s 50-day simple moving average is $34.78 and its 200-day simple moving average is $34.40. HashiCorp, Inc. has a 52 week low of $33.09 and a 52 week high of $34.85. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on HashiCorp in a research report on Monday. They set a “hold” rating on the stock.

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.