Credit Industriel ET Commercial Invests $4.94 Million in HashiCorp, Inc. (NASDAQ:HCP)

Credit Industriel ET Commercial bought a new position in shares of HashiCorp, Inc. (NASDAQ:HCP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 144,378 shares of the company’s stock, valued at approximately $4,939,000. HashiCorp accounts for about 0.6% of Credit Industriel ET Commercial’s portfolio, making the stock its 19th biggest holding. Credit Industriel ET Commercial owned about 0.07% of HashiCorp at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HCP. Blue Trust Inc. raised its holdings in HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock valued at $70,000 after acquiring an additional 1,580 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of HashiCorp by 16.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock worth $124,000 after purchasing an additional 524 shares in the last quarter. KBC Group NV raised its stake in shares of HashiCorp by 45.9% in the fourth quarter. KBC Group NV now owns 5,200 shares of the company’s stock valued at $178,000 after purchasing an additional 1,637 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of HashiCorp in the fourth quarter valued at $203,000. Finally, Callan Family Office LLC acquired a new position in shares of HashiCorp in the fourth quarter valued at $269,000. 86.25% of the stock is currently owned by institutional investors and hedge funds.

HashiCorp Stock Performance

Shares of HCP opened at $34.78 on Friday. The stock has a 50 day simple moving average of $34.78 and a 200-day simple moving average of $34.41. The stock has a market cap of $7.11 billion, a PE ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 1 year low of $33.09 and a 1 year high of $34.85.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of HashiCorp in a research note on Monday, May 19th. They set a “hold” rating on the stock.

HashiCorp 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.