ChargePoint Holdings, Inc. (NYSE:CHPT – Get Rating) insider William J. Loewenthal sold 4,026 shares of the company’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $12.92, for a total transaction of $52,015.92. Following the transaction, the insider now owns 443,512 shares of the company’s stock, valued at $5,730,175.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CHPT stock traded up $1.48 during trading on Friday, hitting $14.03. The stock had a trading volume of 13,372,038 shares, compared to its average volume of 9,947,026. The company’s 50 day moving average price is $13.23 and its two-hundred day moving average price is $15.58. ChargePoint Holdings, Inc. has a 1-year low of $8.50 and a 1-year high of $36.86. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of -14.01 and a beta of 2.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.13 and a current ratio of 3.35.

ChargePoint (NYSE:CHPT – Get Rating) last announced its earnings results on Tuesday, May 31st. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.01. ChargePoint had a negative net margin of 107.29% and a negative return on equity of 53.96%. During the same period in the prior year, the business posted ($0.18) earnings per share. As a group, sell-side analysts forecast that ChargePoint Holdings, Inc. will post -0.94 earnings per share for the current fiscal year.

CHPT has been the subject of a number of recent research reports. Evercore ISI reduced their target price on shares of ChargePoint from $28.00 to $24.00 in a research report on Wednesday, June 1st. Cowen raised their price objective on shares of ChargePoint from $24.00 to $27.00 in a research note on Thursday, March 3rd. JPMorgan Chase & Co. reduced their target price on shares of ChargePoint from $22.00 to $18.00 in a report on Thursday, May 26th. DA Davidson cut their price objective on shares of ChargePoint from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, June 2nd. Finally, Citigroup cut their price objective on shares of ChargePoint from $17.00 to $15.50 in a report on Wednesday, June 1st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $21.83.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wagner Wealth Management LLC increased its stake in shares of ChargePoint by 236.7% during the 4th quarter. Wagner Wealth Management LLC now owns 1,549 shares of the company’s stock valued at $30,000 after acquiring an additional 1,089 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of ChargePoint by 491.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,893 shares of the company’s stock worth $36,000 after purchasing an additional 1,573 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of ChargePoint during the fourth quarter worth $41,000. Clearstead Advisors LLC raised its holdings in ChargePoint by 173.6% during the first quarter. Clearstead Advisors LLC now owns 2,599 shares of the company’s stock worth $52,000 after acquiring an additional 1,649 shares in the last quarter. Finally, Cranbrook Wealth Management LLC grew its position in ChargePoint by 50.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 3,000 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares in the last quarter. 51.11% of the stock is owned by institutional investors.

ChargePoint Company Profile (Get Rating)

ChargePoint Holdings, Inc provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

Read More

Receive News & Ratings for ChargePoint Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ChargePoint and related companies with MarketBeat.com’s FREE daily email newsletter.