ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) CAO Henrik Gerdes sold 10,493 shares of ChargePoint stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.35, for a total value of $14,165.55. Following the sale, the chief accounting officer now owns 416,884 shares in the company, valued at $562,793.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
ChargePoint Price Performance
Shares of ChargePoint stock opened at $1.35 on Thursday. The company has a market capitalization of $582.63 million, a price-to-earnings ratio of -1.14 and a beta of 1.70. 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 stock's 50-day simple moving average is $1.72 and its 200-day simple moving average is $1.70. ChargePoint Holdings, Inc. has a 52 week low of $1.21 and a 52 week high of $5.23.
Institutional Investors Weigh In On ChargePoint
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Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc lifted its position in shares of ChargePoint by 50.7% in the second quarter. CIBC Asset Management Inc now owns 17,145 shares of the company's stock worth $26,000 after buying an additional 5,770 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of ChargePoint during the 1st quarter valued at approximately $30,000. PDS Planning Inc purchased a new position in shares of ChargePoint in the first quarter valued at $31,000. Delap Wealth Advisory LLC bought a new stake in ChargePoint in the second quarter worth $31,000. Finally, Bridgecreek Investment Management LLC purchased a new stake in ChargePoint during the fourth quarter valued at $33,000. Institutional investors own 37.77% of the company's stock.
Analysts Set New Price Targets
CHPT has been the topic of several research reports. Benchmark reissued a "buy" rating and set a $3.00 price objective on shares of ChargePoint in a research note on Thursday, September 5th. Royal Bank of Canada reduced their price objective on ChargePoint from $3.00 to $2.50 and set a "sector perform" rating for the company in a research report on Thursday, September 5th. B. Riley raised ChargePoint to a "hold" rating in a report on Tuesday, June 25th. Capital One Financial raised ChargePoint to a "strong-buy" rating in a research report on Tuesday, September 17th. Finally, TD Cowen downgraded shares of ChargePoint from a "buy" rating to a "hold" rating and cut their price objective for the company from $3.00 to $2.00 in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $3.39.
Check Out Our Latest Analysis on CHPT
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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