Lattice Capital Management LLC Grows Stake in HashiCorp, Inc. (NASDAQ:HCP)

Lattice Capital Management LLC grew its position in HashiCorp, Inc. (NASDAQ:HCP) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,308 shares of the company’s stock after purchasing an additional 18,400 shares during the quarter. HashiCorp comprises approximately 0.1% of Lattice Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Lattice Capital Management LLC’s holdings in HashiCorp were worth $1,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HCP. JPMorgan Chase & Co. grew its holdings in HashiCorp by 48.0% in the first quarter. JPMorgan Chase & Co. now owns 11,204,309 shares of the company’s stock worth $328,175,000 after purchasing an additional 3,635,247 shares during the last quarter. BlackRock Inc. grew its holdings in shares of HashiCorp by 215.0% during the second quarter. BlackRock Inc. now owns 4,426,683 shares of the company’s stock valued at $115,891,000 after buying an additional 3,021,230 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of HashiCorp during the third quarter valued at $55,774,000. Price T Rowe Associates Inc. MD grew its holdings in shares of HashiCorp by 26.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,435,341 shares of the company’s stock valued at $312,642,000 after buying an additional 2,368,102 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of HashiCorp by 78.3% during the third quarter. Vanguard Group Inc. now owns 3,187,233 shares of the company’s stock valued at $102,597,000 after buying an additional 1,400,042 shares during the last quarter. 87.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO David Mcjannet sold 33,331 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $27.38, for a total transaction of $912,602.78. Following the completion of the transaction, the chief executive officer now owns 326,912 shares in the company, valued at approximately $8,950,850.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CTO Armon Dadgar sold 35,904 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.94, for a total transaction of $787,733.76. Following the completion of the transaction, the chief technology officer now owns 1,840,684 shares in the company, valued at approximately $40,384,606.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Mcjannet sold 33,331 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.38, for a total transaction of $912,602.78. Following the transaction, the chief executive officer now owns 326,912 shares of the company’s stock, valued at approximately $8,950,850.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 262,577 shares of company stock worth $6,484,004. Company insiders own 26.13% of the company’s stock.

Wall Street Analyst Weigh In

HCP has been the topic of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and set a $34.00 price objective on shares of HashiCorp in a report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $38.00 price objective on shares of HashiCorp in a report on Thursday, March 7th. Stifel Nicolaus boosted their price objective on shares of HashiCorp from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Citigroup boosted their price objective on shares of HashiCorp from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, January 22nd. Finally, Bank of America upped their price target on shares of HashiCorp from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.77.

HashiCorp Trading Up 1.0 %

Shares of HashiCorp stock traded up $0.23 during trading hours on Tuesday, reaching $23.66. The stock had a trading volume of 1,452,351 shares, compared to its average volume of 2,331,049. The stock’s 50 day moving average is $25.48 and its 200 day moving average is $23.16. The firm has a market capitalization of $4.72 billion, a PE ratio of -23.91 and a beta of 1.42. HashiCorp, Inc. has a twelve month low of $18.91 and a twelve month high of $36.39.

HashiCorp (NASDAQ:HCP) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. The business had revenue of $155.78 million during the quarter, compared to the consensus estimate 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, sell-side analysts predict that HashiCorp, Inc. will post -0.8 earnings per share for the current 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.