ChargePoint Holdings, Inc. (NYSE:CHPT) CAO Henrik Gerdes Sells 26,288 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) CAO Henrik Gerdes sold 26,288 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $1.32, for a total transaction of $34,700.16. Following the transaction, the chief accounting officer now owns 390,596 shares of the company’s stock, valued at approximately $515,586.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Henrik Gerdes also recently made the following trade(s):

• On Monday, September 23rd, Henrik Gerdes sold 10,493 shares of ChargePoint stock. The shares were sold at an average price of $1.35, for a total transaction of $14,165.55.

ChargePoint Price Performance

CHPT remained flat at $1.32 during trading on Tuesday. The company’s stock had a trading volume of 7,945,767 shares, compared to its average volume of 13,673,910. The company’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.66. The company has a market capitalization of $558.84 million, a PE ratio of -1.12 and a beta of 1.69. ChargePoint Holdings, Inc. has a 52-week low of $1.21 and a 52-week high of $3.65. The company has a quick ratio of 1.32, a current ratio of 2.03 and a debt-to-equity ratio of 1.24.

ChargePoint (NYSE:CHPT) last posted its earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $114.15 million. On average, sell-side analysts forecast that ChargePoint Holdings, Inc. will post -0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHPT has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on shares of ChargePoint in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group cut their target price on shares of ChargePoint from $1.50 to $1.25 and set a “sell” rating for the company in a report on Friday, September 6th. TD Cowen lowered shares of ChargePoint from a “buy” rating to a “hold” rating and cut their price target for the stock from $3.00 to $2.00 in a report on Thursday, September 5th. Needham & Company LLC cut their price target 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, Capital One Financial raised shares of ChargePoint to a “strong-buy” rating in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.34.

Institutional Trading of ChargePoint

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in shares of ChargePoint in the second quarter valued at approximately $13,007,000. AQR Capital Management LLC acquired a new position in shares of ChargePoint in the second quarter valued at approximately $1,310,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of ChargePoint in the first quarter valued at approximately $258,000. Vanguard Group Inc. grew its position 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 buying an additional 7,645,210 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in 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 in the last quarter. Institutional investors own 37.77% of the company’s stock.

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.