ChargePoint Holdings, Inc. (NYSE:CHPT) Insider William J. Loewenthal Sells 4,026 Shares

ChargePoint Holdings, Inc. (NYSE:CHPTGet Rating) insider William J. Loewenthal sold 4,026 shares of the stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $12.92, for a total transaction of $52,015.92. Following the sale, the insider now owns 443,512 shares in the company, valued at approximately $5,730,175.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CHPT stock traded up $1.48 on Friday, hitting $14.03. 13,372,038 shares of the stock traded hands, compared to its average volume of 9,947,026. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -14.01 and a beta of 2.17. ChargePoint Holdings, Inc. has a 52 week low of $8.50 and a 52 week high of $36.86. The firm has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $15.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.35 and a quick ratio of 3.13.

ChargePoint (NYSE:CHPTGet Rating) last announced its quarterly earnings results on Tuesday, May 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. ChargePoint had a negative net margin of 107.29% and a negative return on equity of 53.96%. During the same period in the prior year, the company posted ($0.18) EPS. Sell-side analysts forecast that ChargePoint Holdings, Inc. will post -0.94 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC grew its stake in shares of ChargePoint by 15.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 5,246 shares of the company’s stock worth $104,000 after buying an additional 710 shares in the last quarter. Cranbrook Wealth Management LLC lifted its holdings in ChargePoint by 50.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 3,000 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in ChargePoint by 236.7% during the 4th quarter. Wagner Wealth Management LLC now owns 1,549 shares of the company’s stock valued at $30,000 after buying an additional 1,089 shares in the last quarter. Flputnam Investment Management Co. lifted its holdings in ChargePoint by 7.6% during the 4th quarter. Flputnam Investment Management Co. now owns 15,369 shares of the company’s stock valued at $293,000 after buying an additional 1,092 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of ChargePoint by 19.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,685 shares of the company’s stock valued at $127,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 51.11% of the company’s stock.

Several brokerages recently issued reports on CHPT. Needham & Company LLC dropped their target price on shares of ChargePoint from $35.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, February 22nd. Jefferies Financial Group dropped their target price on shares of ChargePoint from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. DA Davidson dropped their target price on shares of ChargePoint from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, June 2nd. JPMorgan Chase & Co. dropped their target price on shares of ChargePoint from $22.00 to $18.00 in a report on Thursday, May 26th. Finally, Evercore ISI dropped their target price on shares of ChargePoint from $28.00 to $24.00 in a report on Wednesday, June 1st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $21.83.

ChargePoint Company Profile (Get Rating)

ChargePoint Holdings, Inc provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

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Insider Buying and Selling by Quarter for ChargePoint (NYSE:CHPT)

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