Marshall Wace LLP Has $11.41 Million Position in HashiCorp, Inc. (NASDAQ:HCP)

Marshall Wace LLP cut its holdings in HashiCorp, Inc. (NASDAQ:HCP) by 59.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 338,707 shares of the company’s stock after selling 490,478 shares during the quarter. Marshall Wace LLP’s holdings in HashiCorp were worth $11,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Capital Advisory LLC bought a new position in HashiCorp in the second quarter valued at approximately $40,000. Advisors Asset Management Inc. lifted its position in HashiCorp by 43.0% in the 1st quarter. Advisors Asset Management Inc. now owns 3,194 shares of the company’s stock valued at $86,000 after acquiring an additional 961 shares in the last quarter. Covestor Ltd increased its holdings in HashiCorp by 12,888.9% during the 1st quarter. Covestor Ltd now owns 3,507 shares of the company’s stock worth $95,000 after purchasing an additional 3,480 shares in the last quarter. Quest Partners LLC boosted its position in shares of HashiCorp by 9,736.1% during the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock worth $119,000 after buying an additional 3,505 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in HashiCorp in the 2nd quarter valued at approximately $208,000. 87.83% of the stock is currently owned by institutional investors and hedge funds.

HashiCorp Price Performance

Shares of HCP opened at $33.90 on Friday. The company’s 50-day moving average is $33.77 and its 200-day moving average is $31.92. The firm has a market capitalization of $6.82 billion, a PE ratio of -35.31 and a beta of 1.25. HashiCorp, Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $34.06.

HashiCorp (NASDAQ:HCP) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $165.14 million for the quarter, compared to analysts’ expectations of $157.22 million. HashiCorp had a negative net margin of 23.69% and a negative return on equity of 10.54%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.34) EPS. Analysts predict that HashiCorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Transactions at HashiCorp

In related news, CMO Marc Holmes sold 13,916 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $33.46, for a total value of $465,629.36. Following the completion of the sale, the chief marketing officer now directly owns 4,368 shares in the company, valued at approximately $146,153.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Marc Holmes sold 13,916 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $33.46, for a total transaction of $465,629.36. Following the transaction, the chief marketing officer now directly owns 4,368 shares of the company’s stock, valued at $146,153.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Mcjannet sold 48,055 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $33.84, for a total transaction of $1,626,181.20. Following the completion of the sale, the chief executive officer now directly owns 419,531 shares of the company’s stock, valued at approximately $14,196,929.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 404,041 shares of company stock worth $13,636,943. Company insiders own 22.49% of the company’s stock.

Wall Street Analyst Weigh In

HCP has been the subject of several research reports. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price target on shares of HashiCorp in a research note on Friday, August 30th. Citigroup initiated coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $35.00 target price for the company. JMP Securities reissued a “market perform” rating on shares of HashiCorp in a research report on Monday, September 16th. Finally, StockNews.com began coverage on HashiCorp in a report on Tuesday, September 24th. They issued a “hold” rating for the company. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.