ChargePoint (NYSE:CHPT) CFO Mansi Khetani Sells 2,311 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 2,311 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $5.30, for a total transaction of $12,248.30. Following the completion of the transaction, the chief financial officer directly owned 128,500 shares in the company, valued at $681,050. This trade represents a 1.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mansi Khetani also recently made the following trade(s):

• On Tuesday, December 23rd, Mansi Khetani sold 3,943 shares of ChargePoint stock. The shares were sold at an average price of $6.99, for a total transaction of $27,561.57.

ChargePoint Trading Up 2.4%

NYSE CHPT traded up $0.12 on Monday, reaching $5.35. The company had a trading volume of 571,225 shares, compared to its average volume of 431,818. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 8.38. The stock has a market cap of $126.60 million, a price-to-earnings ratio of -0.57 and a beta of 1.40. The stock’s 50 day moving average is $6.11 and its 200-day moving average is $8.26. ChargePoint Holdings, Inc. has a 52 week low of $5.20 and a 52 week high of $17.78.

Institutional Investors Weigh In On ChargePoint

Institutional investors have recently modified their holdings of the business. Focus Partners Wealth acquired a new position in shares of ChargePoint in the first quarter valued at about $27,000. Rothschild Investment LLC increased its position in ChargePoint by 233.3% during the fourth quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,500 shares during the period. Corient Private Wealth LLC raised its stake in ChargePoint by 57.1% in the 2nd quarter. Corient Private Wealth LLC now owns 67,345 shares of the company’s stock worth $47,000 after purchasing an additional 24,470 shares in the last quarter. Pilgrim Partners Asia Pte Ltd boosted its holdings in ChargePoint by 56.4% in the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock valued at $57,000 after purchasing an additional 3,100 shares during the period. Finally, Jump Financial LLC bought a new stake in ChargePoint in the 2nd quarter valued at about $66,000. Institutional investors own 37.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on ChargePoint from $8.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, March 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a research note on Wednesday, January 21st. B. Riley Financial lowered their price target on ChargePoint from $11.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Royal Bank Of Canada dropped their target price on shares of ChargePoint from $9.00 to $6.50 and set a “sector perform” rating on the stock in a report on Thursday, March 5th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $5.00 target price on shares of ChargePoint in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ChargePoint currently has an average rating of “Reduce” and a consensus price target of $9.89.

ChargePoint Company Profile

ChargePoint (NYSE: CHPT) is a leading provider of electric vehicle (EV) charging solutions that designs, develops and markets charging hardware, software and services. The company’s portfolio includes Level 2 AC charging stations for residential, commercial and fleet applications, as well as DC fast charging systems suited for retail, hospitality and public use. ChargePoint’s integrated platform enables site hosts to manage charging infrastructure through cloud-based monitoring, analytics and billing tools, while EV drivers access and control charging sessions via a mobile app or RFID card.

Since its founding in 2007 and headquarters in Campbell, California, ChargePoint has built one of the largest open EV charging networks in the world.