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

Gabelli Funds LLC trimmed its stake in shares of HashiCorp, Inc. (NASDAQ:HCP) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 887,297 shares of the company’s stock after selling 13,518 shares during the period. Gabelli Funds LLC owned about 0.43% of HashiCorp worth $30,354,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC boosted its position in HashiCorp by 204.7% during the 4th quarter. Barclays PLC now owns 124,626 shares of the company’s stock worth $4,264,000 after acquiring an additional 83,723 shares during the last quarter. Water Island Capital LLC lifted its position in shares of HashiCorp by 1.5% in the fourth quarter. Water Island Capital LLC now owns 1,284,797 shares of the company’s stock worth $43,953,000 after purchasing an additional 18,687 shares in the last quarter. Sterling Capital Management LLC boosted 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 during the last quarter. PSquared Asset Management AG grew its position in HashiCorp by 2.1% in the fourth quarter. PSquared Asset Management AG now owns 814,231 shares of the company’s stock valued at $27,855,000 after purchasing an additional 17,006 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in HashiCorp by 3.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 63,854 shares of the company’s stock valued at $2,184,000 after buying an additional 2,220 shares during the last quarter. 86.25% of the stock is owned by institutional investors.

HashiCorp Stock Performance

Shares of HCP stock opened at $34.78 on Wednesday. HashiCorp, Inc. has a 52-week low of $23.00 and a 52-week high of $34.85. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of -57.02 and a beta of 1.18. The firm’s 50-day moving average is $34.68 and its 200-day moving average is $34.23.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of HashiCorp in a research note on Sunday. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.