Barclays PLC Trims Stake in HashiCorp, Inc. (NASDAQ:HCP)

Barclays PLC cut its holdings in shares of HashiCorp, Inc. (NASDAQ:HCP) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new stake in HashiCorp in the 3rd quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of HashiCorp during the third quarter worth $51,000. Quest Partners LLC grew its stake in shares of HashiCorp by 9,736.1% in the second quarter. Quest Partners LLC now owns 3,541 shares of the company’s stock valued at $119,000 after buying an additional 3,505 shares in the last quarter. KBC Group NV raised its holdings in shares of HashiCorp by 25.8% in the 3rd quarter. KBC Group NV now owns 3,563 shares of the company’s stock valued at $121,000 after buying an additional 731 shares during the period. Finally, Townsend Asset Management Corp NC ADV purchased a new stake in shares of HashiCorp in the 3rd quarter valued at $205,000. 86.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

HashiCorp Trading Up 0.0 %

Shares of HCP stock opened at $34.19 on Friday. The company has a market cap of $6.99 billion, a P/E ratio of -56.05 and a beta of 1.21. The firm has a fifty day moving average price of $33.87 and a 200 day moving average price of $33.77. HashiCorp, Inc. has a 12 month low of $20.89 and a 12 month high of $34.33.

Insiders Place Their Bets

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the company’s stock in a transaction on Friday, December 20th. The shares were 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 owns 465,978 shares in the company, valued at $15,945,767.16. This represents a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Armon Dadgar sold 35,904 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $33.82, for a total value of $1,214,273.28. Following the transaction, the chief technology officer now directly owns 1,520,000 shares in the company, valued at approximately $51,406,400. The trade was a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 244,844 shares of company stock valued at $8,303,342 in the last ninety days. Insiders own 22.49% of the company’s stock.

About HashiCorp

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.