ChargePoint (CHPT) to Release Quarterly Earnings on Tuesday

ChargePoint (NYSE:CHPT - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect ChargePoint to post earnings of ($0.08) per share and revenue of $100.99 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

ChargePoint Trading Up 3.0 %

ChargePoint stock traded up $0.02 during trading hours on Friday, reaching $0.67. 24,699,591 shares of the company's stock traded hands, compared to its average volume of 30,082,186. The firm has a market capitalization of $295.48 million, a price-to-earnings ratio of -0.90 and a beta of 1.70. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.24 and a current ratio of 1.94. ChargePoint has a fifty-two week low of $0.56 and a fifty-two week high of $2.44. The firm's 50 day moving average is $0.97 and its 200-day moving average is $1.24.

Insider Transactions at ChargePoint

In other news, CAO Henrik Gerdes sold 28,536 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $1.14, for a total value of $32,531.04. Following the sale, the chief accounting officer now directly owns 362,060 shares in the company, valued at $412,748.40. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mansi Khetani sold 22,038 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $25,123.32. Following the completion of the sale, the chief financial officer now owns 1,230,305 shares in the company, valued at $1,402,547.70. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,148 shares of company stock valued at $99,349 over the last quarter. Corporate insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CHPT shares. The Goldman Sachs Group reduced their price objective 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 restated a "hold" rating on shares of ChargePoint in a research report on Thursday, December 5th. Royal Bank of Canada dropped their price objective on ChargePoint from $2.50 to $2.00 and set a "sector perform" rating for the company in a report on Thursday, December 5th. UBS Group reduced their target price on ChargePoint from $1.50 to $1.30 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Finally, Benchmark restated a "buy" rating and set a $3.00 target price on shares of ChargePoint in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ChargePoint presently has a consensus rating of "Hold" and a consensus target price of $2.41.

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.