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

Barclays PLC lessened its stake in HashiCorp, Inc. (NASDAQ:HCP) by 19.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of HashiCorp by 14.5% in the third quarter. State Street Corp now owns 2,239,850 shares of the company’s stock valued at $75,841,000 after purchasing an additional 282,965 shares in the last quarter. Geode Capital Management LLC increased its position in shares of HashiCorp by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after acquiring an additional 385,118 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of HashiCorp during the second quarter valued at approximately $2,966,000. Alpine Associates Management Inc. increased its position in shares of HashiCorp by 48.7% during the third quarter. Alpine Associates Management Inc. now owns 2,142,154 shares of the company’s stock valued at $72,533,000 after acquiring an additional 701,350 shares during the last quarter. Finally, Versor Investments LP increased its position in shares of HashiCorp by 518.9% during the third quarter. Versor Investments LP now owns 157,725 shares of the company’s stock valued at $5,341,000 after acquiring an additional 132,239 shares during the last quarter. Institutional investors own 86.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on HCP shares. StockNews.com started coverage on HashiCorp in a research report on Sunday, December 29th. They set a “hold” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.08.

Insiders Place Their Bets

In other news, CEO David Mcjannet sold 47,526 shares of HashiCorp stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 465,978 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CTO Armon Dadgar sold 17,800 shares of HashiCorp stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $34.23, for a total value of $609,294.00. Following the completion of the transaction, the chief technology officer now owns 31,348 shares of the company’s stock, valued at approximately $1,073,042.04. This trade represents a 36.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,940 shares of company stock valued at $7,088,351 over the last ninety days. 22.49% of the stock is currently owned by insiders.

HashiCorp Price Performance

NASDAQ:HCP opened at $34.31 on Monday. The business has a fifty day simple moving average of $33.96 and a two-hundred day simple moving average of $33.83. HashiCorp, Inc. has a 1 year low of $20.89 and a 1 year high of $34.46. The company has a market capitalization of $7.01 billion, a P/E ratio of -56.24 and a beta of 1.18.

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.