Marshall Wace LLP Reduces Position in HashiCorp, Inc. (NASDAQ:HCP)

Marshall Wace LLP reduced its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 583,182 shares of the company’s stock after selling 2,837 shares during the period. Marshall Wace LLP owned about 0.29% of HashiCorp worth $19,951,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HCP. Blue Trust Inc. boosted its position in shares of HashiCorp by 331.2% during the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after acquiring an additional 1,580 shares in the last quarter. Sterling Capital Management LLC raised its holdings in HashiCorp by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,627 shares of the company’s stock worth $124,000 after purchasing an additional 524 shares in the last quarter. KBC Group NV lifted its position in shares of HashiCorp by 45.9% during the 4th quarter. KBC Group NV now owns 5,200 shares of the company’s stock worth $178,000 after buying an additional 1,637 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of HashiCorp in the 4th quarter valued at $269,000. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of HashiCorp by 9.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 9,226 shares of the company’s stock valued at $316,000 after buying an additional 765 shares in the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

HashiCorp Stock Performance

HashiCorp stock opened at $34.78 on Friday. HashiCorp, Inc. has a one year low of $23.91 and a one year high of $34.85. The business has a fifty day moving average of $34.72 and a two-hundred day moving average of $34.25. The company has a market cap of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on HashiCorp in a research report on Saturday. They set a “hold” rating on the stock. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.40.

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.