11,191 Shares in ChargePoint Holdings, Inc. (NYSE:CHPT) Purchased by National Asset Management Inc.

National Asset Management Inc. bought a new position in shares of ChargePoint Holdings, Inc. (NYSE:CHPTGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,191 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHPT. Schroder Investment Management Group grew its position in ChargePoint by 76,206.4% during the fourth quarter. Schroder Investment Management Group now owns 876,760 shares of the company’s stock worth $16,703,000 after buying an additional 875,611 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of ChargePoint by 108.3% in the 4th quarter. Handelsbanken Fonder AB now owns 1,032,465 shares of the company’s stock worth $19,668,000 after purchasing an additional 536,767 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of ChargePoint by 3,499.5% in the 1st quarter. Truist Financial Corp now owns 550,335 shares of the company’s stock worth $10,941,000 after purchasing an additional 535,046 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of ChargePoint by 21.2% in the 4th quarter. First Trust Advisors LP now owns 2,948,607 shares of the company’s stock worth $56,171,000 after purchasing an additional 516,124 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of ChargePoint by 28.0% in the 4th quarter. Geode Capital Management LLC now owns 2,230,224 shares of the company’s stock worth $42,485,000 after purchasing an additional 488,123 shares in the last quarter. 51.11% of the stock is currently owned by hedge funds and other institutional investors.

ChargePoint Stock Down 1.2 %

Shares of NYSE:CHPT opened at $15.11 on Monday. ChargePoint Holdings, Inc. has a 52-week low of $8.50 and a 52-week high of $28.72. The firm has a market capitalization of $5.09 billion, a P/E ratio of -15.11 and a beta of 1.96. The stock has a 50 day moving average price of $13.41 and a 200-day moving average price of $14.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.13 and a current ratio of 3.35.

ChargePoint (NYSE:CHPTGet Rating) last posted its quarterly earnings results on Tuesday, May 31st. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.04). The company had revenue of $81.63 million during the quarter, compared to analysts’ expectations of $75.10 million. ChargePoint had a negative return on equity of 53.96% and a negative net margin of 107.29%. During the same quarter in the previous year, the company earned ($0.18) EPS. As a group, equities research analysts anticipate that ChargePoint Holdings, Inc. will post -0.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider William J. Loewenthal sold 4,026 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $12.92, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other ChargePoint news, General Counsel Rebecca Chavez sold 1,919 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $13.63, for a total transaction of $26,155.97. Following the sale, the general counsel now directly owns 262,867 shares in the company, valued at approximately $3,582,877.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William J. Loewenthal sold 4,026 shares of the stock in a transaction on Friday, June 17th. The shares were sold at an average price of $12.92, for a total value of $52,015.92. Following the sale, the insider now owns 443,512 shares in the company, valued at $5,730,175.04. The disclosure for this sale can be found here. Insiders have sold 2,016,935 shares of company stock worth $27,169,201 in the last 90 days. Insiders own 23.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHPT. Tudor Pickering began coverage on ChargePoint in a report on Thursday, April 21st. They issued a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus cut their price objective on ChargePoint from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, June 22nd. Piper Sandler lowered their target price on ChargePoint from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, June 1st. Citigroup lowered their target price on ChargePoint from $17.00 to $15.50 in a research note on Wednesday, June 1st. Finally, The Goldman Sachs Group lowered their target price on ChargePoint from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, June 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, ChargePoint currently has an average rating of “Moderate Buy” and a consensus price target of $21.63.

About ChargePoint

(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.

See Also

Want to see what other hedge funds are holding CHPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ChargePoint Holdings, Inc. (NYSE:CHPTGet Rating).

Institutional Ownership by Quarter for ChargePoint (NYSE:CHPT)

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