ChargePoint Holdings, Inc. (NYSE:CHPT) Shares Acquired by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lifted its holdings in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 138.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 303,264 shares of the company’s stock after acquiring an additional 176,246 shares during the period. Bouvel Investment Partners LLC owned 0.07% of ChargePoint worth $576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Deutsche Bank AG grew its stake in ChargePoint by 21.7% during the 3rd quarter. Deutsche Bank AG now owns 100,347 shares of the company’s stock worth $499,000 after buying an additional 17,874 shares during the last quarter. Rhumbline Advisers grew its stake in shares of ChargePoint by 3.7% in the 3rd quarter. Rhumbline Advisers now owns 366,938 shares of the company’s stock valued at $1,824,000 after purchasing an additional 12,993 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of ChargePoint by 160.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 111,982 shares of the company’s stock valued at $557,000 after purchasing an additional 69,044 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of ChargePoint by 121.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 56,631 shares of the company’s stock valued at $281,000 after purchasing an additional 31,106 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of ChargePoint in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 37.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHPT. The Goldman Sachs Group reissued a “sell” rating and issued a $1.50 price target (down from $2.00) on shares of ChargePoint in a report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of ChargePoint in a research report on Thursday, June 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 price objective (down previously from $3.50) on shares of ChargePoint in a research report on Wednesday, March 6th. Oppenheimer reaffirmed a “market perform” rating on shares of ChargePoint in a research report on Wednesday, March 6th. Finally, B. Riley raised ChargePoint to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, ChargePoint has a consensus rating of “Hold” and a consensus target price of $4.88.

Insider Buying and Selling

In other ChargePoint news, CAO Henrik Gerdes sold 43,596 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $1.50, for a total transaction of $65,394.00. Following the completion of the transaction, the chief accounting officer now directly owns 438,004 shares of the company’s stock, valued at approximately $657,006. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Henrik Gerdes sold 43,596 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $1.50, for a total transaction of $65,394.00. Following the completion of the sale, the chief accounting officer now owns 438,004 shares in the company, valued at approximately $657,006. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mansi Khetani sold 19,007 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $1.40, for a total value of $26,609.80. Following the sale, the chief financial officer now owns 402,493 shares of the company’s stock, valued at approximately $563,490.20. The disclosure for this sale can be found here. Insiders sold 95,099 shares of company stock valued at $137,498 in the last three months. 3.50% of the stock is currently owned by corporate insiders.

ChargePoint Stock Performance

CHPT stock traded down $0.02 on Friday, reaching $1.49. The company’s stock had a trading volume of 1,048,947 shares, compared to its average volume of 13,721,948. ChargePoint Holdings, Inc. has a 52 week low of $1.21 and a 52 week high of $9.23. The company has a market capitalization of $630.81 million, a P/E ratio of -1.26 and a beta of 1.74. The firm has a fifty day moving average of $1.62 and a two-hundred day moving average of $1.87. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.13 and a quick ratio of 1.45.

ChargePoint Profile

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.