ChargePoint (NYSE:CHPT) CFO Mansi Khetani Sells 4,931 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 4,931 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $9.86, for a total transaction of $48,619.66. Following the transaction, the chief financial officer owned 174,417 shares in the company, valued at $1,719,751.62. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ChargePoint Stock Performance

Shares of ChargePoint stock opened at $9.85 on Wednesday. The company has a debt-to-equity ratio of 10.73, a current ratio of 1.07 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $6.77 and a 200 day simple moving average of $6.43. ChargePoint Holdings, Inc. has a fifty-two week low of $4.44 and a fifty-two week high of $12.61. The firm has a market cap of $264.39 million, a P/E ratio of -1.37 and a beta of 1.77.

ChargePoint (NYSE:CHPT) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($1.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.57) by $0.22. The firm had revenue of $116.08 million for the quarter, compared to the consensus estimate of $105.21 million. ChargePoint had a negative return on equity of 3,366.29% and a negative net margin of 40.59%. Sell-side analysts predict that ChargePoint Holdings, Inc. will post -3.75 earnings per share for the current fiscal year.

Key Headlines Impacting ChargePoint

Here are the key news stories impacting ChargePoint this week:

• Neutral Sentiment: UBS raised its ChargePoint price target to $9 from $8 and increased its fiscal 2027–2029 revenue forecasts after the company reported second-quarter revenue of $116 million, ahead of both consensus and UBS estimates. The brokerage also noted that adjusted EBITDA losses were significantly narrower than expected, suggesting progress toward profitability, but it maintained a “neutral” rating. The new target is also below the stock’s recent trading level, limiting the bullish impact. ChargePoint gets price target raise from UBS after strong second-quarter results
• Neutral Sentiment: ChargePoint General Counsel Eric Batill sold 4,302 shares, CFO Mansi Khetani sold 4,931 shares, insider Jagdeep Singh sold 5,965 shares, and Chief Accounting Officer Natella Novruzova sold 1,484 shares. The combined sales were valued at approximately $164,500. Each filing stated that the shares were sold to cover tax-withholding obligations when equity awards vested, reducing the likelihood that the transactions reflect diminished confidence in the business. ChargePoint insider transaction filings

Institutional Investors Weigh In On ChargePoint

A number of hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC increased its stake in ChargePoint by 70.8% during the 2nd quarter. Squarepoint Ops LLC now owns 25,242 shares of the company’s stock worth $149,000 after purchasing an additional 10,464 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in ChargePoint during the 2nd quarter worth approximately $344,000. Renaissance Technologies LLC lifted its stake in ChargePoint by 77.7% in the first quarter. Renaissance Technologies LLC now owns 144,059 shares of the company’s stock valued at $700,000 after buying an additional 63,000 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of ChargePoint by 40.0% in the first quarter. Hsbc Holdings PLC now owns 15,220 shares of the company’s stock valued at $75,000 after buying an additional 4,352 shares during the period. Finally, R Squared Ltd acquired a new position in shares of ChargePoint in the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 37.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CHPT shares. TD Cowen restated a “hold” rating on shares of ChargePoint in a research report on Thursday, September 3rd. Oppenheimer restated a “market perform” rating on shares of ChargePoint in a report on Thursday, September 3rd. B. Riley Financial reaffirmed a “neutral” rating on shares of ChargePoint in a research note on Friday, September 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $6.50 target price on shares of ChargePoint in a report on Thursday, June 4th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a research report on Friday, July 17th. Seven analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ChargePoint has a consensus rating of “Reduce” and an average target price of $7.07.

About ChargePoint

ChargePoint Holdings, Inc operates an electric vehicle (EV) charging network and provides charging hardware, software and related services. Its platform is designed to support drivers, businesses, fleet operators, property owners and other organizations managing EV charging infrastructure.

The company offers Level 2 and DC fast-charging stations, cloud-based software for monitoring and managing charging activity, payment and access tools, and services such as installation, maintenance and customer support.