Amundi Has $798,000 Position in ChargePoint Holdings, Inc. (NYSE:CHPT)

Amundi lessened its holdings in ChargePoint Holdings, Inc. (NYSE:CHPT - Free Report) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 712,834 shares of the company's stock after selling 383,888 shares during the quarter. Amundi owned approximately 0.16% of ChargePoint worth $798,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. State Street Corp boosted its stake in ChargePoint by 1.4% during the 3rd quarter. State Street Corp now owns 10,297,421 shares of the company's stock worth $14,107,000 after acquiring an additional 142,767 shares during the last quarter. Geode Capital Management LLC boosted its stake in ChargePoint by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,072,168 shares of the company's stock worth $12,432,000 after acquiring an additional 399,070 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ChargePoint by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,336,545 shares of the company's stock worth $3,570,000 after acquiring an additional 85,516 shares during the last quarter. Stifel Financial Corp boosted its stake in ChargePoint by 15.5% during the 3rd quarter. Stifel Financial Corp now owns 2,055,211 shares of the company's stock worth $2,816,000 after acquiring an additional 275,653 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in ChargePoint during the 3rd quarter worth approximately $2,570,000. Institutional investors own 37.77% of the company's stock.

Insider Buying and Selling

In other ChargePoint news, insider Jagdeep Ca Singh sold 36,574 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $41,694.36. Following the transaction, the insider now directly owns 1,161,430 shares in the company, valued at $1,324,030.20. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henrik Gerdes sold 28,536 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total transaction of $32,531.04. Following the completion of the transaction, the chief accounting officer now owns 362,060 shares in the company, valued at approximately $412,748.40. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,969 shares of company stock worth $122,632. Insiders own 3.50% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of ChargePoint from $2.00 to $1.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Royal Bank of Canada cut their price target on shares of ChargePoint from $2.50 to $2.00 and set a "sector perform" rating on the stock in a research note on Thursday, December 5th. The Goldman Sachs Group cut their price target on shares of ChargePoint from $1.00 to $0.75 and set a "sell" rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC reaffirmed a "hold" rating on shares of ChargePoint in a research note on Wednesday, March 5th. Finally, UBS Group set a $1.50 price target on shares of ChargePoint in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $2.03.

ChargePoint Stock Up 3.7 %

Shares of NYSE CHPT traded up $0.02 during midday trading on Friday, reaching $0.69. The company's stock had a trading volume of 42,138,845 shares, compared to its average volume of 16,797,328. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 1.65. ChargePoint Holdings, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $2.44. The stock has a market capitalization of $303.45 million, a price-to-earnings ratio of -0.93 and a beta of 1.85. The stock has a 50 day simple moving average of $0.82 and a 200-day simple moving average of $1.10.

ChargePoint (NYSE:CHPT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). The business had revenue of $101.89 million during the quarter, compared to analyst estimates of $100.99 million. ChargePoint had a negative net margin of 72.62% and a negative return on equity of 106.28%. Equities research analysts predict that ChargePoint Holdings, Inc. will post -0.57 earnings per share for the current year.

About ChargePoint

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.