ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) insider Rebecca Chavez sold 24,494 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $0.65, for a total transaction of $15,921.10. Following the sale, the insider now owns 1,173,568 shares in the company, valued at $762,819.20. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
ChargePoint Trading Up 1.9 %
Shares of CHPT traded up $0.01 during trading hours on Tuesday, hitting $0.68. The company had a trading volume of 29,193,069 shares, compared to its average volume of 16,859,037. ChargePoint Holdings, Inc. has a 52-week low of $0.56 and a 52-week high of $2.44. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 1.65. The stock's 50 day moving average price is $0.81 and its 200 day moving average price is $1.09. The firm has a market cap of $302.83 million, a P/E ratio of -0.93 and a beta of 1.85.
ChargePoint (NYSE:CHPT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). The firm had revenue of $101.89 million for the quarter, compared to the consensus estimate of $100.99 million. ChargePoint had a negative net margin of 72.62% and a negative return on equity of 106.28%. On average, research analysts predict that ChargePoint Holdings, Inc. will post -0.57 EPS for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on CHPT shares. Stifel Nicolaus decreased their price objective on 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 lowered their price target on shares of ChargePoint from $2.50 to $2.00 and set a "sector perform" rating on the stock in a report on Thursday, December 5th. The Goldman Sachs Group reduced their target price on ChargePoint from $1.00 to $0.75 and set a "sell" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reiterated a "hold" rating on shares of ChargePoint in a research report on Wednesday, March 5th. Finally, UBS Group set a $1.50 price objective on shares of ChargePoint in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $2.03.
Get Our Latest Analysis on CHPT
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Perennial Advisors LLC bought a new position in ChargePoint in the 4th quarter worth $26,000. 111 Capital purchased a new stake in ChargePoint in the fourth quarter worth about $26,000. Brevan Howard Capital Management LP bought a new stake in ChargePoint during the 4th quarter valued at approximately $27,000. Cibc World Markets Corp purchased a new position in shares of ChargePoint during the 4th quarter worth approximately $40,000. Finally, Callan Family Office LLC bought a new position in shares of ChargePoint in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 37.77% of the company's stock.
About ChargePoint
(
Get Free Report)
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.
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