Trexquant Investment LP Boosts Stake in HashiCorp, Inc. (NASDAQ:HCP)

Trexquant Investment LP boosted its stake in shares of HashiCorp, Inc. (NASDAQ:HCP) by 898.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 278,271 shares of the company’s stock after purchasing an additional 250,388 shares during the period. Trexquant Investment LP’s holdings in HashiCorp were worth $9,520,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HCP. Principal Financial Group Inc. increased its stake in shares of HashiCorp by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 11,913 shares of the company’s stock worth $408,000 after purchasing an additional 397 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in HashiCorp by 9.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 9,226 shares of the company’s stock worth $316,000 after buying an additional 765 shares in the last quarter. Xponance Inc. raised its holdings in HashiCorp by 5.8% during the fourth quarter. Xponance Inc. now owns 16,261 shares of the company’s stock valued at $556,000 after acquiring an additional 897 shares during the period. Arizona State Retirement System lifted its position in shares of HashiCorp by 3.7% in the fourth quarter. Arizona State Retirement System now owns 43,267 shares of the company’s stock valued at $1,480,000 after acquiring an additional 1,561 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of HashiCorp by 331.2% in the fourth quarter. Blue Trust Inc. now owns 2,057 shares of the company’s stock worth $70,000 after acquiring an additional 1,580 shares during the period. Institutional investors own 86.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

HashiCorp Price Performance

Shares of HCP opened at $34.78 on Thursday. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. HashiCorp, Inc. has a 1 year low of $23.00 and a 1 year high of $34.85. The business’s 50 day simple moving average is $34.55 and its 200-day simple moving average is $34.16.

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.