Gabelli Funds LLC Has $30.35 Million Stock Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Gabelli Funds LLC lowered its position in shares of HashiCorp, Inc. (NASDAQ:HCP) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 887,297 shares of the company’s stock after selling 13,518 shares during the period. Gabelli Funds LLC’s holdings in HashiCorp were worth $30,354,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp raised its holdings in shares of HashiCorp by 14.5% during the 3rd 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 fourth quarter valued at about $18,554,000. Geode Capital Management LLC raised its stake in HashiCorp by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,522,002 shares of the company’s stock worth $85,417,000 after acquiring an additional 385,118 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of HashiCorp by 42.7% in the fourth quarter. Perigon Wealth Management LLC now owns 240,982 shares of the company’s stock worth $8,268,000 after acquiring an additional 72,088 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of HashiCorp by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 11,516 shares of the company’s stock valued at $390,000 after purchasing an additional 3,399 shares in the last quarter. Institutional investors own 86.25% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on HashiCorp in a research note on Sunday. They issued a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating, According to MarketBeat, HashiCorp currently has a consensus rating of “Hold” and a consensus target price of $34.40.

HashiCorp Price Performance

NASDAQ HCP opened at $34.78 on Wednesday. The stock has a market capitalization of $7.11 billion, a P/E ratio of -57.02 and a beta of 1.18. The business has a 50 day simple moving average of $34.68 and a 200 day simple moving average of $34.23. HashiCorp, Inc. has a one year low of $23.00 and a one year high of $34.85.

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.