Key Points
- ChargePoint CEO Richard Wilmer bought 46,847 shares on April 13 at an average price of $5.34 (≈$250,163), raising his stake to 511,224 shares — a 10.09% increase valued at about $2.73 million.
- Large institutions have been actively repositioning: AQR dramatically increased its stake to 2.68 million shares and Goldman Sachs added 1.45 million shares, leaving institutional ownership at about 37.77%.
- Analyst sentiment is mostly negative with a consensus rating of "Reduce", an average price target of $8.63 and a mix of 1 Buy, 6 Hold and 3 Sell ratings, while the stock trades near its 12‑month low with a market cap ≈ $128.5M and a negative P/E.
ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) CEO Richard Wilmer acquired 46,847 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average price of $5.34 per share, with a total value of $250,162.98. Following the transaction, the chief executive officer owned 511,224 shares in the company, valued at $2,729,936.16. This represents a 10.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ChargePoint Price Performance
CHPT opened at $5.43 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 10.73. ChargePoint Holdings, Inc. has a 12 month low of $4.44 and a 12 month high of $17.78. The company has a fifty day simple moving average of $5.63 and a 200 day simple moving average of $7.67. The stock has a market cap of $128.49 million, a P/E ratio of -0.58 and a beta of 1.48.
Hedge Funds Weigh In On ChargePoint
A number of large investors have recently added to or reduced their stakes in CHPT. AQR Capital Management LLC increased its holdings in ChargePoint by 6,429.1% during the 1st quarter. AQR Capital Management LLC now owns 2,679,217 shares of the company's stock worth $1,553,000 after purchasing an additional 2,638,182 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in ChargePoint by 2,885.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 461,771 shares of the company's stock worth $279,000 after purchasing an additional 446,302 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ChargePoint by 14.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 283,924 shares of the company's stock worth $172,000 after purchasing an additional 36,097 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in ChargePoint by 61.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,790,823 shares of the company's stock worth $2,293,000 after purchasing an additional 1,448,114 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of ChargePoint during the 1st quarter worth about $27,000. Institutional investors own 37.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of ChargePoint in a research report on Wednesday, January 21st. Royal Bank Of Canada lowered their target price on ChargePoint from $9.00 to $6.50 and set a "sector perform" rating for the company in a report on Thursday, March 5th. JPMorgan Chase & Co. lowered their target price on ChargePoint from $8.00 to $5.00 and set an "underweight" rating for the company in a report on Thursday, March 5th. The Goldman Sachs Group reiterated a "sell" rating and set a $5.00 target price on shares of ChargePoint in a report on Thursday, January 15th. Finally, Wall Street Zen upgraded ChargePoint from a "sell" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $8.63.
Check Out Our Latest Analysis on ChargePoint
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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