ChargePoint Holdings, Inc. (NYSE:CHPT) CAO Sells $34,700.16 in Stock

ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) CAO Henrik Gerdes sold 26,288 shares of ChargePoint stock in a transaction on Friday, October 11th. The shares were sold at an average price of $1.32, for a total value of $34,700.16. Following the transaction, the chief accounting officer now owns 390,596 shares in the company, valued at $515,586.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Henrik Gerdes also recently made the following trade(s):

• On Monday, September 23rd, Henrik Gerdes sold 10,493 shares of ChargePoint stock. The shares were sold at an average price of $1.35, for a total transaction of $14,165.55.

ChargePoint Price Performance

CHPT remained flat at $1.33 on Tuesday. The company had a trading volume of 7,998,550 shares, compared to its average volume of 13,674,059. The company's 50-day moving average is $1.54 and its two-hundred day moving average is $1.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.32 and a current ratio of 2.03. ChargePoint Holdings, Inc. has a 12 month low of $1.21 and a 12 month high of $3.65. The firm has a market cap of $560.95 million, a P/E ratio of -1.12 and a beta of 1.69.

ChargePoint (NYSE:CHPT - Get Free Report) last announced its earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, hitting analysts' consensus estimates of ($0.15). ChargePoint had a negative return on equity of 112.67% and a negative net margin of 89.12%. The firm had revenue of $108.54 million during the quarter, compared to analysts' expectations of $114.15 million. On average, analysts anticipate that ChargePoint Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in ChargePoint in the second quarter worth $13,007,000. Vanguard Group Inc. increased its stake in shares of ChargePoint by 26.3% during the first quarter. Vanguard Group Inc. now owns 36,688,672 shares of the company's stock valued at $69,708,000 after buying an additional 7,645,210 shares during the period. AQR Capital Management LLC purchased a new position in shares of ChargePoint during the second quarter valued at $1,310,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of ChargePoint by 62.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,623,836 shares of the company's stock valued at $2,452,000 after acquiring an additional 621,536 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in ChargePoint in the fourth quarter worth about $1,257,000. Institutional investors own 37.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHPT shares. Evercore ISI lowered their target price on shares of ChargePoint from $6.00 to $4.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC decreased their price target on ChargePoint from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Capital One Financial raised ChargePoint to a "strong-buy" rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. cut ChargePoint from an "overweight" rating to an "underweight" rating in a report on Thursday, October 3rd. Finally, Benchmark reaffirmed a "buy" rating and set a $3.00 price objective on shares of ChargePoint in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.34.

ChargePoint Company Profile

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.