Northwestern Mutual Wealth Management Co. increased its holdings in ChargePoint Holdings, Inc. (NYSE:CHPT – Free Report) by 12,808.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,906 shares of the company’s stock after acquiring an additional 236,063 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ChargePoint were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of CHPT. Focus Partners Wealth bought a new position in shares of ChargePoint in the 1st quarter worth about $27,000. Corient Private Wealth LLC increased its stake in shares of 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 acquiring an additional 24,470 shares in the last quarter. Pilgrim Partners Asia Pte Ltd increased its stake in shares of ChargePoint by 56.4% in the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock worth $57,000 after acquiring an additional 3,100 shares in the last quarter. Jump Financial LLC bought a new position in shares of ChargePoint in the 2nd quarter worth about $66,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of ChargePoint in the 2nd quarter worth about $72,000. 37.77% of the stock is currently owned by institutional investors.
ChargePoint Stock Performance
Shares of CHPT stock opened at $7.81 on Thursday. ChargePoint Holdings, Inc. has a one year low of $4.44 and a one year high of $17.78. The company’s 50-day moving average is $6.00 and its 200 day moving average is $6.72. The company has a market capitalization of $184.73 million, a price-to-earnings ratio of -0.84 and a beta of 1.69. The company has a debt-to-equity ratio of 10.73, a quick ratio of 0.64 and a current ratio of 1.20.
Analyst Ratings Changes
Read Our Latest Stock Report on ChargePoint
Insider Buying and Selling
In other news, CEO Richard Wilmer acquired 46,847 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were bought at an average cost of $5.34 per share, with a total value of $250,162.98. Following the transaction, the chief executive officer owned 511,224 shares of the company’s stock, valued at $2,729,936.16. This trade represents a 10.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 8,685 shares of company stock worth $46,031. Corporate insiders own 3.50% of the company’s stock.
About ChargePoint
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.
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