HashiCorp, Inc. (NASDAQ:HCP) Shares Sold by Barclays PLC

Barclays PLC lessened its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,903 shares of the company’s stock after selling 10,090 shares during the quarter. Barclays PLC’s holdings in HashiCorp were worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. grew its position in shares of HashiCorp by 3.1% during the 2nd quarter. Xponance Inc. now owns 10,271 shares of the company’s stock valued at $346,000 after acquiring an additional 305 shares during the period. KBC Group NV raised its holdings in HashiCorp by 25.8% in the 3rd quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after purchasing an additional 731 shares during the period. Victory Capital Management Inc. boosted its position in HashiCorp by 4.8% during the third quarter. Victory Capital Management Inc. now owns 19,090 shares of the company’s stock worth $646,000 after purchasing an additional 873 shares in the last quarter. Arizona State Retirement System grew its holdings in HashiCorp by 3.5% in the second quarter. Arizona State Retirement System now owns 31,921 shares of the company’s stock valued at $1,075,000 after purchasing an additional 1,065 shares during the period. Finally, Longfellow Investment Management Co. LLC purchased a new stake in shares of HashiCorp in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 86.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Citigroup initiated coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $35.00 price objective for the company. Finally, StockNews.com initiated coverage on shares of HashiCorp in a research report on Sunday. They issued a “hold” rating on the stock. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.08.

HashiCorp Trading Up 0.0 %

NASDAQ:HCP opened at $34.19 on Friday. HashiCorp, Inc. has a twelve month low of $20.89 and a twelve month high of $34.33. The company has a market cap of $6.99 billion, a P/E ratio of -56.05 and a beta of 1.21. The company’s 50-day moving average price is $33.87 and its 200-day moving average price is $33.77.

Insiders Place Their Bets

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.22, for a total transaction of $1,626,339.72. Following the transaction, the chief executive officer now directly owns 465,978 shares of the company’s stock, valued at $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Armon Dadgar sold 17,800 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total transaction of $609,294.00. Following the completion of the transaction, the chief technology officer now owns 31,348 shares in the company, valued at $1,073,042.04. The trade was a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 244,844 shares of company stock valued at $8,303,342 in the last ninety days. 22.49% of the stock is currently owned by corporate insiders.

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.