ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani Sells 23,409 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 23,409 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total transaction of $31,602.15. Following the sale, the chief financial officer now owns 849,084 shares in the company, valued at $1,146,263.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

ChargePoint Stock Performance

NYSE CHPT opened at $1.35 on Friday. ChargePoint Holdings, Inc. has a 1 year low of $1.21 and a 1 year high of $5.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.03 and a quick ratio of 1.32. The company has a market capitalization of $582.63 million, a PE ratio of -1.14 and a beta of 1.70. The company has a fifty day moving average of $1.71 and a two-hundred day moving average of $1.70.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in ChargePoint by 50.7% during the 2nd quarter. CIBC Asset Management Inc now owns 17,145 shares of the company’s stock worth $26,000 after purchasing an additional 5,770 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of ChargePoint during the first quarter worth about $30,000. PDS Planning Inc acquired a new position in ChargePoint in the 1st quarter valued at about $31,000. Delap Wealth Advisory LLC purchased a new stake in ChargePoint during the 2nd quarter valued at approximately $31,000. Finally, Bridgecreek Investment Management LLC acquired a new stake in ChargePoint during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 37.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CHPT shares. The Goldman Sachs Group cut their price objective on ChargePoint from $1.50 to $1.25 and set a “sell” rating on the stock in a research report on Friday, September 6th. Capital One Financial raised ChargePoint to a “strong-buy” rating in a research report on Tuesday, September 17th. B. Riley raised ChargePoint to a “hold” rating in a research report on Tuesday, June 25th. Needham & Company LLC reduced their target price on shares of ChargePoint from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, TD Cowen cut shares of ChargePoint from a “buy” rating to a “hold” rating and lowered their price target for the stock from $3.00 to $2.00 in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.39.

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.