Charles Schwab Investment Management Inc. Buys 34,220 Shares of HashiCorp, Inc. (NASDAQ:HCP)

Charles Schwab Investment Management Inc. lifted its stake in HashiCorp, Inc. (NASDAQ:HCP) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,019,276 shares of the company’s stock after acquiring an additional 34,220 shares during the period. Charles Schwab Investment Management Inc. owned 0.50% of HashiCorp worth $34,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HCP. State Street Corp grew its holdings in HashiCorp by 14.5% in the 3rd quarter. State Street Corp now owns 2,239,850 shares of the company’s stock valued at $75,841,000 after buying an additional 282,965 shares during the last quarter. Syquant Capital Sas acquired a new stake in shares of HashiCorp during the 4th quarter worth approximately $18,554,000. Geode Capital Management LLC grew its holdings in shares of HashiCorp by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after purchasing an additional 385,118 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of HashiCorp by 42.7% during the 4th quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock worth $8,268,000 after purchasing an additional 72,088 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of HashiCorp by 41.9% during the 3rd quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock worth $390,000 after purchasing an additional 3,399 shares in the last quarter. 86.25% of the stock is owned by institutional investors.

HashiCorp Price Performance

HCP stock opened at $34.78 on Monday. The company has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a twelve month low of $23.00 and a twelve month high of $34.85. The business has a fifty day moving average of $34.43 and a 200-day moving average of $34.08.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a report on Monday, December 16th. StockNews.com raised HashiCorp from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.40.

Insider Transactions at HashiCorp

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 465,978 shares of the company’s stock, valued at approximately $15,945,767.16. The trade was a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Armon Dadgar sold 17,800 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $34.23, for a total value of $609,294.00. Following the transaction, the chief technology officer now directly owns 31,348 shares of the company’s stock, valued at $1,073,042.04. This represents a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.