Mansi Khetani Sells 19,035 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPTGet Free Report) CFO Mansi Khetani sold 19,035 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1.87, for a total value of $35,595.45. Following the completion of the transaction, the chief financial officer now directly owns 421,500 shares in the company, valued at approximately $788,205. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

ChargePoint Stock Performance

ChargePoint stock opened at $1.74 on Friday. ChargePoint Holdings, Inc. has a 52 week low of $1.56 and a 52 week high of $10.71. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 0.72. The stock has a 50-day simple moving average of $1.96 and a 200 day simple moving average of $2.85.

Hedge Funds Weigh In On ChargePoint

A number of hedge funds and other institutional investors have recently bought and sold shares of CHPT. Bank of New York Mellon Corp boosted its holdings in shares of ChargePoint by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 652,385 shares of the company’s stock worth $12,969,000 after acquiring an additional 48,903 shares during the period. HighTower Advisors LLC boosted its holdings in shares of ChargePoint by 46.4% during the first quarter. HighTower Advisors LLC now owns 30,579 shares of the company’s stock worth $610,000 after acquiring an additional 9,689 shares during the period. Private Advisor Group LLC boosted its holdings in shares of ChargePoint by 152.8% during the first quarter. Private Advisor Group LLC now owns 35,608 shares of the company’s stock worth $708,000 after acquiring an additional 21,524 shares during the period. D.A. Davidson & CO. bought a new stake in shares of ChargePoint during the first quarter worth approximately $213,000. Finally, MetLife Investment Management LLC bought a new stake in shares of ChargePoint during the first quarter worth approximately $91,000. Institutional investors own 45.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CHPT shares. Needham & Company LLC cut their price target on ChargePoint from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. R. F. Lafferty dropped their price objective on ChargePoint from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Citigroup dropped their price objective on ChargePoint from $8.25 to $2.40 and set a “neutral” rating on the stock in a research note on Friday, December 8th. Benchmark reaffirmed a “buy” rating and set a $4.25 price objective on shares of ChargePoint in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group dropped their price objective on ChargePoint from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.17.

Check Out Our Latest Research Report on ChargePoint

ChargePoint Company Profile

(Get Free Report)

ChargePoint Holdings, Inc, together with its subsidiaries, 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. ChargePoint Holdings, Inc 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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