Yes, Social eport allows you to track both keywords and hashtags! To get started, click Search Agents then New Agent.
Then give your search a name, choose whether to search everywhere, only within your own networks connected to your Social Report account, or within a specific RSS feed, and then enter the hashtags into the "What keywords would you like to search for?" section.
You can then choose to exclude keywords from your search and restrict results by location. Once you're happy with this hashtag search, click Save and you're done! Check back on the search you created in a few minutes to see the results!
Please note that in order to get Twitter results in the search results, you need to have a Twitter profile connected to your Social Report account. Same goes for Instagram and other networks. The reasoning for this is we search on your behalf.