ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Sells $25,123.32 in Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 22,038 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $1.14, for a total transaction of $25,123.32. Following the completion of the transaction, the chief financial officer now owns 1,230,305 shares in the company, valued at approximately $1,402,547.70. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ChargePoint Stock Performance

Shares of NYSE:CHPT opened at $1.16 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.32 and a debt-to-equity ratio of 1.65. The company has a market cap of $513.12 million, a price-to-earnings ratio of -1.57 and a beta of 1.69. ChargePoint Holdings, Inc. has a 12 month low of $1.05 and a 12 month high of $2.68. The company has a 50-day moving average price of $1.21 and a 200-day moving average price of $1.50.

Institutional Investors Weigh In On ChargePoint

Large investors have recently made changes to their positions in the business. CIBC Asset Management Inc boosted its holdings in ChargePoint by 50.7% in the second quarter. CIBC Asset Management Inc now owns 17,145 shares of the company’s stock valued at $26,000 after acquiring an additional 5,770 shares in the last quarter. Financial Advocates Investment Management bought a new position in shares of ChargePoint in the 3rd quarter worth approximately $29,000. Delap Wealth Advisory LLC purchased a new position in ChargePoint during the second quarter valued at $31,000. Perennial Investment Advisors LLC lifted its position in ChargePoint by 74.4% during the 2nd quarter. Perennial Investment Advisors LLC now owns 24,380 shares of the company’s stock valued at $37,000 after acquiring an additional 10,400 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of ChargePoint by 152.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,462 shares of the company’s stock valued at $38,000 after purchasing an additional 15,358 shares during the last quarter. 37.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CHPT. TD Cowen lowered ChargePoint from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $3.00 to $2.00 in a report on Thursday, September 5th. Wolfe Research started coverage on shares of ChargePoint in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Benchmark restated a “buy” rating and set a $3.00 target price on shares of ChargePoint in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut ChargePoint from an “overweight” rating to an “underweight” rating in a report on Thursday, October 3rd. Finally, UBS Group decreased their price objective on shares of ChargePoint from $1.50 to $1.30 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.46.

About ChargePoint

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.