Trexquant Investment LP Grows Stock Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Trexquant Investment LP increased its stake in HashiCorp, Inc. (NASDAQ:HCP) by 898.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 278,271 shares of the company’s stock after buying an additional 250,388 shares during the period. Trexquant Investment LP owned 0.14% of HashiCorp worth $9,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake 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 worth $75,841,000 after buying an additional 282,965 shares in the last quarter. Syquant Capital Sas bought a new position in HashiCorp in the 4th quarter valued at approximately $18,554,000. Geode Capital Management LLC boosted its stake in HashiCorp by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock valued at $85,417,000 after purchasing an additional 385,118 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of HashiCorp by 42.7% in 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. raised its stake in shares of HashiCorp by 41.9% in the third 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 during the last quarter. Institutional investors own 86.25% of the company’s stock.

HashiCorp Stock Performance

HCP stock opened at $34.78 on Thursday. The business’s 50-day moving average is $34.55 and its two-hundred day moving average is $34.16. The company has a market cap of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $34.85.

Analysts Set New Price Targets

Several research firms recently commented on HCP. JMP Securities reaffirmed a “market perform” rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com initiated coverage on shares of HashiCorp in a report on Tuesday. They set a “hold” rating on the stock. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.40.

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.