ChargePoint Holdings, Inc. (NYSE:CHPT – Get Free Report) General Counsel Eric Batill sold 4,979 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $7.13, for a total transaction of $35,500.27. Following the completion of the transaction, the general counsel directly owned 143,631 shares in the company, valued at $1,024,089.03. This trade represents a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
ChargePoint Stock Down 14.2%
Shares of NYSE:CHPT opened at $6.80 on Wednesday. ChargePoint Holdings, Inc. has a one year low of $4.44 and a one year high of $16.20. The company has a 50 day moving average of $6.92 and a 200-day moving average of $6.59. The company has a debt-to-equity ratio of 10.73, a current ratio of 1.15 and a quick ratio of 0.56. The stock has a market cap of $166.03 million, a price-to-earnings ratio of -0.78 and a beta of 1.74.
ChargePoint (NYSE:CHPT – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($1.75) earnings per share for the quarter, missing the consensus estimate of ($1.11) by ($0.64). ChargePoint had a negative net margin of 49.66% and a negative return on equity of 504.42%. The business had revenue of $101.82 million during the quarter, compared to analyst estimates of $95.64 million. On average, sell-side analysts forecast that ChargePoint Holdings, Inc. will post -5.48 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Stock Analysis on ChargePoint
Hedge Funds Weigh In On ChargePoint
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd increased its holdings in shares of ChargePoint by 56.4% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock worth $57,000 after buying an additional 3,100 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of ChargePoint by 233.3% in the 4th quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock valued at $33,000 after acquiring an additional 3,500 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of ChargePoint by 40.0% during the 1st quarter. Hsbc Holdings PLC now owns 15,220 shares of the company’s stock valued at $75,000 after acquiring an additional 4,352 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of ChargePoint by 26.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 43,534 shares of the company’s stock valued at $475,000 after acquiring an additional 9,208 shares in the last quarter. Finally, EFG International AG bought a new stake in ChargePoint during the 4th quarter worth $72,000. 37.77% of the stock is owned by institutional investors.
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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