Charles Schwab Investment Management Inc. Has $33.35 Million Holdings in HashiCorp, Inc. (NASDAQ:HCP)

Charles Schwab Investment Management Inc. lifted its stake in shares of HashiCorp, Inc. (NASDAQ:HCP - Free Report) by 15.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 985,056 shares of the company's stock after purchasing an additional 135,156 shares during the period. Charles Schwab Investment Management Inc. owned about 0.49% of HashiCorp worth $33,354,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. American Capital Advisory LLC bought a new position in HashiCorp in the second quarter worth about $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of HashiCorp during the third quarter valued at approximately $51,000. Quest Partners LLC increased its stake in shares of HashiCorp by 9,736.1% during the second quarter. Quest Partners LLC now owns 3,541 shares of the company's stock valued at $119,000 after acquiring an additional 3,505 shares during the period. KBC Group NV increased its stake in shares of HashiCorp by 25.8% during the third quarter. KBC Group NV now owns 3,563 shares of the company's stock valued at $121,000 after acquiring an additional 731 shares during the period. Finally, Townsend Asset Management Corp NC ADV acquired a new position in shares of HashiCorp during the third quarter valued at approximately $205,000. Institutional investors own 87.83% of the company's stock.

Insider Buying and Selling

In related news, CMO Marc Holmes sold 13,916 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.80, for a total transaction of $470,360.80. Following the completion of the sale, the chief marketing officer now directly owns 4,368 shares of the company's stock, valued at $147,638.40. The trade was a 76.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Armon Dadgar sold 35,903 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.58, for a total transaction of $1,205,622.74. Following the sale, the chief technology officer now directly owns 1,520,000 shares of the company's stock, valued at approximately $51,041,600. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 366,207 shares of company stock worth $12,382,858 in the last quarter. 22.49% of the stock is currently owned by company insiders.

HashiCorp Stock Up 0.0 %

Shares of NASDAQ:HCP traded up $0.01 during trading on Wednesday, reaching $33.58. 1,765,052 shares of the company traded hands, compared to its average volume of 2,959,475. The firm has a market cap of $6.81 billion, a P/E ratio of -44.76 and a beta of 1.21. The firm has a fifty day simple moving average of $33.84 and a 200 day simple moving average of $33.72. HashiCorp, Inc. has a 1-year low of $19.26 and a 1-year high of $34.21.

Analyst Ratings Changes

A number of research analysts recently commented on HCP shares. Piper Sandler reiterated a "neutral" rating and set a $35.00 price objective on shares of HashiCorp in a research note on Friday, August 30th. StockNews.com assumed coverage on shares of HashiCorp in a research report on Friday, November 29th. They issued a "hold" rating on the stock. JMP Securities restated a "market perform" rating on shares of HashiCorp in a research report on Monday, September 16th. Finally, Citigroup assumed coverage on shares of HashiCorp in a research report on Tuesday, September 3rd. They issued a "neutral" rating and a $35.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $32.08.

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.