Barclays PLC Sells 10,090 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Barclays PLC lowered its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 19.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,903 shares of the company’s stock after selling 10,090 shares during the period. Barclays PLC’s holdings in HashiCorp were worth $1,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HCP. Longfellow Investment Management Co. LLC bought a new stake in HashiCorp during the 3rd quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in HashiCorp during the 3rd quarter worth $51,000. Quest Partners LLC grew its position in HashiCorp by 9,736.1% during the 2nd quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after acquiring an additional 3,505 shares during the last quarter. KBC Group NV grew its position in HashiCorp by 25.8% during the 3rd quarter. KBC Group NV now owns 3,563 shares of the company’s stock worth $121,000 after acquiring an additional 731 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV bought a new stake in HashiCorp during the 3rd quarter worth $205,000. Institutional investors own 86.25% of the company’s stock.

Insider Activity

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.22, for a total value of $1,626,339.72. Following the transaction, the chief executive officer now owns 465,978 shares in the company, valued at approximately $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.86, for a total value of $1,215,709.44. Following the completion of the transaction, the chief technology officer now owns 1,520,000 shares in the company, valued at approximately $51,467,200. The trade was a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,940 shares of company stock valued at $7,088,351 in the last ninety days. 22.49% of the stock is owned by company insiders.

HashiCorp Price Performance

Shares of NASDAQ:HCP opened at $34.31 on Monday. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of -56.24 and a beta of 1.18. The business’s 50-day moving average is $33.96 and its 200-day moving average is $33.83. HashiCorp, Inc. has a 1 year low of $20.89 and a 1 year high of $34.46.

Analyst Upgrades and Downgrades

A number of research firms have commented on HCP. StockNews.com began coverage on HashiCorp in a research report on Sunday, December 29th. They issued a “hold” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, HashiCorp has a consensus rating of “Hold” and a consensus target price of $32.08.

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.