2 weeks Ago By ABMN Staff
ChargePoint Holdings, Inc. ( NYSE:CHPT – Get Free Report ) shares rose 4.8% during trading on Friday .
The stock traded as high as $1.43 and last traded at $1.43.
Approximately 2,482,999 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 13,774,912 shares. The stock had previously closed at $1.36.
Wall Street Analysts Forecast Growth CHPT has been the subject of a number of research analyst reports. Evercore ISI cut their target price on shares of ChargePoint from $6.00 to $4.
00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC cut their price objective on ChargePoint from $3.00 to $2.
00 and set a “buy” rating for the company in a research report on Thursday, September 5th. TD Cowen lowered ChargePoint from a “buy” rating to a “hold” rating and lowered their target price for the company from $3.00 to $2.
00 in a report on Thursday, September 5th. Royal Bank of Canada cut their price target on ChargePoint from $3.00 to $2.
50 and set a “sector perform” rating for the company in a report on Thursday, September 5th. Finally, Wolfe Research initiated coverage on shares of ChargePoint in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock.
One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.39.
View Our Latest Analysis on CHPT ChargePoint Stock Performance ChargePoint ( NYSE:CHPT – Get Free Report ) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.
15). ChargePoint had a negative return on equity of 112.67% and a negative net margin of 89.
12%. The firm had revenue of $108.54 million for the quarter, compared to analysts’ expectations of $114.
15 million. On average, research analysts expect that ChargePoint Holdings, Inc. will post -0.
56 earnings per share for the current fiscal year. Insider Buying and Selling In other news, CEO Richard Wilmer sold 27,252 shares of ChargePoint 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 $36,790.20. Following the completion of the transaction, the chief executive officer now owns 2,304,489 shares in the company, valued at $3,111,060.
15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, CEO Richard Wilmer sold 27,252 shares of the stock in a transaction on Monday, September 23rd.
The stock was sold at an average price of $1.35, for a total transaction of $36,790.20.
Following the sale, the chief executive officer now owns 2,304,489 shares in the company, valued at $3,111,060.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, CFO Mansi Khetani sold 23,409 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 849,084 shares of the company’s stock, valued at $1,146,263.40.
The disclosure for this sale can be found here . Insiders sold 74,515 shares of company stock worth $100,595 in the last quarter. 3.
50% of the stock is owned by corporate insiders. Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of ChargePoint during the first quarter valued at $258,000.
Vanguard Group Inc. lifted its position in ChargePoint by 26.3% during the 1st quarter.
Vanguard Group Inc. now owns 36,688,672 shares of the company’s stock valued at $69,708,000 after purchasing an additional 7,645,210 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of ChargePoint by 6.
1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 136,355 shares of the company’s stock valued at $259,000 after purchasing an additional 7,838 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of ChargePoint in the 1st quarter valued at about $30,000.
Finally, Tidal Investments LLC grew its position in shares of ChargePoint by 58.8% during the 1st quarter. Tidal Investments LLC now owns 333,866 shares of the company’s stock worth $634,000 after buying an additional 123,597 shares during the period.
37.77% of the stock is currently owned by institutional investors. About ChargePoint ( Get Free Report ) 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. Further Reading Receive News & Ratings for ChargePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChargePoint and related companies with MarketBeat.com's FREE daily email newsletter .
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