AQR Capital Management LLC Purchases Shares of 876,225 ChargePoint Holdings, Inc. (NYSE:CHPT)

AQR Capital Management LLC purchased a new position in shares of ChargePoint Holdings, Inc. (NYSE:CHPT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 876,225 shares of the company's stock, valued at approximately $1,310,000. AQR Capital Management LLC owned approximately 0.21% of ChargePoint at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd boosted its holdings in shares of ChargePoint by 1,277.5% during the 2nd quarter. Point72 DIFC Ltd now owns 135,326 shares of the company's stock valued at $204,000 after acquiring an additional 125,502 shares in the last quarter. Delap Wealth Advisory LLC bought a new position in ChargePoint during the 2nd quarter worth $31,000. Skandinaviska Enskilda Banken AB publ raised its position in ChargePoint by 62.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,623,836 shares of the company's stock worth $2,452,000 after purchasing an additional 621,536 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of ChargePoint by 41.4% in the 2nd quarter. Hsbc Holdings PLC now owns 26,397 shares of the company's stock worth $39,000 after acquiring an additional 7,723 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of ChargePoint by 152.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,462 shares of the company's stock worth $38,000 after acquiring an additional 15,358 shares in the last quarter. Institutional investors and hedge funds own 37.77% of the company's stock.

Insider Transactions at ChargePoint

In other news, CFO Mansi Khetani sold 23,409 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total value of $31,602.15. Following the transaction, the chief financial officer now directly owns 849,084 shares in the company, valued at $1,146,263.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Mansi Khetani sold 23,409 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total value of $31,602.15. Following the transaction, the chief financial officer now directly owns 849,084 shares of the company's stock, valued at approximately $1,146,263.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Wilmer sold 27,252 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total value of $36,790.20. Following the completion of the transaction, the chief executive officer now directly owns 2,304,489 shares in the company, valued at approximately $3,111,060.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,515 shares of company stock worth $100,595 in the last ninety days. Insiders own 3.50% of the company's stock.

Analyst Ratings Changes

CHPT has been the subject of several research analyst reports. TD Cowen lowered ChargePoint from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $3.00 to $2.00 in a research report on Thursday, September 5th. Benchmark reaffirmed a "buy" rating and issued a $3.00 target price on shares of ChargePoint in a research report on Thursday, September 5th. B. Riley raised ChargePoint to a "hold" rating in a research report on Tuesday, June 25th. Capital One Financial raised ChargePoint to a "strong-buy" rating in a research report on Tuesday, September 17th. Finally, Wolfe Research assumed coverage on ChargePoint in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given 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.com, the company has an average rating of "Hold" and an average price target of $3.39.

ChargePoint Stock Up 2.3 %

Shares of NYSE:CHPT traded up $0.03 during trading on Friday, hitting $1.34. The stock had a trading volume of 12,696,259 shares, compared to its average volume of 13,716,629. The company has a quick ratio of 1.32, a current ratio of 2.03 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $578.32 million, a PE ratio of -1.32 and a beta of 1.69. The firm's fifty day moving average is $1.57 and its 200 day moving average is $1.67. ChargePoint Holdings, Inc. has a 12 month low of $1.21 and a 12 month high of $3.76.

ChargePoint (NYSE:CHPT - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). ChargePoint had a negative return on equity of 112.67% and a negative net margin of 89.12%. The business had revenue of $108.54 million for the quarter, compared to the consensus estimate of $114.15 million. Analysts anticipate that ChargePoint Holdings, Inc. will post -0.56 EPS for the current fiscal year.

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.