Mansi Khetani Sells 23,409 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 23,409 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.35, for a total value of $31,602.15. Following the completion of the transaction, the chief financial officer now owns 849,084 shares in the company, valued at approximately $1,146,263.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ChargePoint Price Performance

Shares of NYSE:CHPT opened at $1.35 on Friday. The company has a market capitalization of $582.63 million, a price-to-earnings ratio of -1.14 and a beta of 1.70. ChargePoint Holdings, Inc. has a 12-month low of $1.21 and a 12-month high of $5.23. The business has a 50-day moving average price of $1.71 and a 200 day moving average price of $1.70. The company has a current ratio of 2.03, a quick ratio of 1.32 and a debt-to-equity ratio of 1.24.

Institutional Investors Weigh In On ChargePoint

Institutional investors have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of ChargePoint during the 1st quarter worth approximately $258,000. Vanguard Group Inc. lifted its stake in ChargePoint by 26.3% during the first quarter. Vanguard Group Inc. now owns 36,688,672 shares of the company’s stock worth $69,708,000 after purchasing an additional 7,645,210 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of ChargePoint by 6.1% during the first quarter. Public Employees Retirement System of Ohio now owns 136,355 shares of the company’s stock worth $259,000 after buying an additional 7,838 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of ChargePoint in the first quarter valued at $30,000. Finally, Tidal Investments LLC raised its holdings in shares of ChargePoint by 58.8% in the 1st quarter. Tidal Investments LLC now owns 333,866 shares of the company’s stock valued at $634,000 after buying an additional 123,597 shares during the period. 37.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on CHPT. Capital One Financial raised ChargePoint to a “strong-buy” rating in a research note on Tuesday, September 17th. Royal Bank of Canada reduced their target price on shares of ChargePoint from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Thursday, September 5th. TD Cowen lowered shares of ChargePoint from a “buy” rating to a “hold” rating and lowered their price target for the stock from $3.00 to $2.00 in a research report on Thursday, September 5th. Needham & Company LLC cut their price objective on shares of ChargePoint from $3.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Wolfe Research began coverage on ChargePoint in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.39.

About ChargePoint

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.