Key Points
- CFO Mansi Khetani sold 2,311 ChargePoint shares on March 23 at an average price of $5.30 for a total of $12,248.30, reducing her stake by 1.77% to 128,500 shares (disclosed in an SEC filing).
- Stock and sentiment: CHPT trades near its 12‑month low (~$5.20) with a market cap of about $126.6M and a negative P/E, and analysts' consensus is "Reduce" (consensus target ~$9.89) after several recent price cuts (e.g., JPMorgan $5, UBS $7, B. Riley $6).
ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) CFO Mansi Khetani sold 2,311 shares of ChargePoint stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $5.30, for a total value of $12,248.30. Following the sale, the chief financial officer owned 128,500 shares of the company's stock, valued at approximately $681,050. This represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Mansi Khetani also recently made the following trade(s):
- On Tuesday, December 23rd, Mansi Khetani sold 3,943 shares of ChargePoint stock. The stock was sold at an average price of $6.99, for a total transaction of $27,561.57.
ChargePoint Stock Performance
Shares of NYSE CHPT opened at $5.35 on Tuesday. The company has a 50-day simple moving average of $6.11 and a 200-day simple moving average of $8.26. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.59 and a quick ratio of 0.93. The company has a market cap of $126.60 million, a PE ratio of -0.57 and a beta of 1.40. ChargePoint Holdings, Inc. has a 12 month low of $5.20 and a 12 month high of $17.78.
Hedge Funds Weigh In On ChargePoint
Hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC grew its holdings in shares of ChargePoint by 233.3% during the 4th quarter. Rothschild Investment LLC now owns 5,000 shares of the company's stock worth $33,000 after purchasing an additional 3,500 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in ChargePoint in the third quarter valued at approximately $60,000. Hsbc Holdings PLC purchased a new position in ChargePoint in the fourth quarter valued at approximately $73,000. EFG International AG acquired a new position in ChargePoint during the fourth quarter valued at approximately $72,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in ChargePoint during the fourth quarter valued at approximately $125,000. 37.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CHPT has been the subject of several recent analyst reports. Roth Mkm set a $8.50 target price on shares of ChargePoint and gave the stock a "neutral" rating in a research note on Friday, December 5th. UBS Group decreased their price objective on ChargePoint from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Monday, March 16th. JPMorgan Chase & Co. lowered their price objective on ChargePoint from $8.00 to $5.00 and set an "underweight" rating for the company in a research report on Thursday, March 5th. B. Riley Financial dropped their target price on ChargePoint from $11.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of ChargePoint in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $9.89.
Check Out Our Latest Analysis on CHPT
ChargePoint Company Profile
(
Get Free Report)
ChargePoint (NYSE: CHPT) is a leading provider of electric vehicle (EV) charging solutions that designs, develops and markets charging hardware, software and services. The company's portfolio includes Level 2 AC charging stations for residential, commercial and fleet applications, as well as DC fast charging systems suited for retail, hospitality and public use. ChargePoint's integrated platform enables site hosts to manage charging infrastructure through cloud-based monitoring, analytics and billing tools, while EV drivers access and control charging sessions via a mobile app or RFID card.
Since its founding in 2007 and headquarters in Campbell, California, ChargePoint has built one of the largest open EV charging networks in the world.
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