5 Most Successful Tech IPOs of 2021

3. HashiCorp, Inc. (NASDAQ:HCP)

Number of Hedge Fund Holders: N/A  

Gain in 2021: 7%

HashiCorp, Inc. (NASDAQ:HCP) provides infrastructure automation solutions. Some of the most famous products of the firm include Terraform, an open source infrastructure as code software tool,  Vault, a password management helper, and Nomad, a container-management tool. HashiCorp, Inc. (NASDAQ:HCP) aims to provide consistent workflows and secure solutions for public and private cloud environments.

HashiCorp, Inc. (NASDAQ:HCP) debuted on the market in December 2021 and fetched a valuation of around $14 billion. On the first day of trading, the share price of HashiCorp, Inc. (NASDAQ:HCP) jumped nearly 10% from the IPO price. However, the stock has pulled back in recent weeks amid a larger lull around growth stocks.

Citi analyst Fatima Boolani recently initiated coverage of HashiCorp, Inc. (NASDAQ:HCP) stock with a Neutral rating and a price target of $100.