5 Best Growth Stocks Under $25

3. HashiCorp, Inc. (NASDAQ:HCP)

P/E Ratio: 147.06
Latest Share Price: $23.64
Number of Hedge Fund Holders: 29

HashiCorp, Inc. (NASDAQ:HCP) is a software company that enables cloud infrastructure automation with products such as Terraform, an Infrastructure-as-Code tool, and Consul, a service-based networking solution.

HashiCorp, Inc. (NASDAQ:HCP) is one of the best growth stocks to buy under $25, going by its solid underlying fundamentals. HashiCorp, Inc. (NASDAQ:HCP) has shown resilience after a strong Q3 performance that beat analysts’ forecasts, despite a 14% drop in its stock price for the year. The growing demand for automation software in the enterprise technology sector is fueled by the healthy global economy.

Insider Monkey reported that 29 out of the 910 hedge funds they track bought HashiCorp, Inc. (NASDAQ:HCP) shares in Q3 2023. The biggest shareholder of HashiCorp, Inc. (NASDAQ:HCP) is Millennium Management, owned by Israel Englander, with a stake worth $57.16 million.

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