Key Points
- ChargePoint CAO Natella Novruzova sold 1,484 shares at an average price of $9.86, totaling $14,632.24. The sale reduced her holdings by 5% and was made to cover tax-withholding obligations from vested equity awards.
- ChargePoint shares opened at $9.85 and were reported up 4.6%, but the company remains unprofitable, with analysts forecasting a full-year loss of $3.75 per share. Its latest quarterly revenue of $116.08 million exceeded expectations, as did its adjusted loss.
- Analyst sentiment remains cautious: seven analysts rate the stock Hold and three rate it Sell, producing a consensus “Reduce” rating and a $7.07 price target—below its recent trading level.
ChargePoint Holdings, Inc. (NYSE:CHPT - Get Free Report) CAO Natella Novruzova sold 1,484 shares of the business's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $9.86, for a total transaction of $14,632.24. Following the completion of the transaction, the chief accounting officer owned 28,213 shares of the company's stock, valued at approximately $278,180.18. This trade represents a 5.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
ChargePoint Stock Up 4.6%
Shares of NYSE CHPT opened at $9.85 on Wednesday. The stock has a market cap of $264.39 million, a P/E ratio of -1.37 and a beta of 1.77. The business's fifty day simple moving average is $6.77 and its 200-day simple moving average is $6.43. ChargePoint Holdings, Inc. has a 12-month low of $4.44 and a 12-month high of $12.61. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 10.73.
ChargePoint (NYSE:CHPT - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported ($1.35) EPS for the quarter, topping the consensus estimate of ($1.57) by $0.22. The firm had revenue of $116.08 million during the quarter, compared to analysts' expectations of $105.21 million. ChargePoint had a negative return on equity of 3,366.29% and a negative net margin of 40.59%. As a group, equities analysts predict that ChargePoint Holdings, Inc. will post -3.75 EPS for the current fiscal year.
More ChargePoint News
Here are the key news stories impacting ChargePoint this week:
- Neutral Sentiment: UBS raised its ChargePoint price target to $9 from $8 and increased its fiscal 2027–2029 revenue forecasts after the company reported second-quarter revenue of $116 million, ahead of both consensus and UBS estimates. The brokerage also noted that adjusted EBITDA losses were significantly narrower than expected, suggesting progress toward profitability, but it maintained a “neutral” rating. The new target is also below the stock’s recent trading level, limiting the bullish impact. ChargePoint gets price target raise from UBS after strong second-quarter results
- Neutral Sentiment: ChargePoint General Counsel Eric Batill sold 4,302 shares, CFO Mansi Khetani sold 4,931 shares, insider Jagdeep Singh sold 5,965 shares, and Chief Accounting Officer Natella Novruzova sold 1,484 shares. The combined sales were valued at approximately $164,500. Each filing stated that the shares were sold to cover tax-withholding obligations when equity awards vested, reducing the likelihood that the transactions reflect diminished confidence in the business. ChargePoint insider transaction filings
Analyst Upgrades and Downgrades
Several analysts recently weighed in on CHPT shares. TD Cowen reaffirmed a "hold" rating on shares of ChargePoint in a report on Thursday, September 3rd. Oppenheimer reissued a "market perform" rating on shares of ChargePoint in a research report on Thursday, September 3rd. Royal Bank Of Canada restated a "sector perform" rating and issued a $6.50 price objective on shares of ChargePoint in a report on Thursday, June 4th. UBS Group reaffirmed a "neutral" rating and set a $9.00 price objective (up from $8.00) on shares of ChargePoint in a research report on Tuesday. Finally, B. Riley Financial reiterated a "neutral" rating on shares of ChargePoint in a research note on Friday, September 4th. Seven equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $7.07.
View Our Latest Stock Report on ChargePoint
Hedge Funds Weigh In On ChargePoint
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its holdings in ChargePoint by 70.8% in the second quarter. Squarepoint Ops LLC now owns 25,242 shares of the company's stock valued at $149,000 after purchasing an additional 10,464 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in ChargePoint during the second quarter worth approximately $344,000. Renaissance Technologies LLC lifted its position in shares of ChargePoint by 77.7% during the 1st quarter. Renaissance Technologies LLC now owns 144,059 shares of the company's stock worth $700,000 after buying an additional 63,000 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of ChargePoint by 40.0% in the 1st quarter. Hsbc Holdings PLC now owns 15,220 shares of the company's stock valued at $75,000 after buying an additional 4,352 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of ChargePoint in the 1st quarter valued at $59,000. 37.77% of the stock is owned by institutional investors and hedge funds.
About ChargePoint
(
Get Free Report)
ChargePoint Holdings, Inc operates an electric vehicle (EV) charging network and provides charging hardware, software and related services. Its platform is designed to support drivers, businesses, fleet operators, property owners and other organizations managing EV charging infrastructure.
The company offers Level 2 and DC fast-charging stations, cloud-based software for monitoring and managing charging activity, payment and access tools, and services such as installation, maintenance and customer support.
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