ChargePoint Holdings, Inc. (NYSE:CHPT – Get Free Report) insider John David Vice sold 4,072 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $7.13, for a total transaction of $29,033.36. Following the completion of the sale, the insider directly owned 171,507 shares in the company, valued at approximately $1,222,844.91. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
ChargePoint Stock Performance
Shares of CHPT opened at $5.29 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 10.73. The stock has a market cap of $129.30 million, a P/E ratio of -0.61 and a beta of 1.74. The company has a 50-day moving average of $6.90 and a two-hundred day moving average of $6.53. ChargePoint Holdings, Inc. has a 12-month low of $4.44 and a 12-month high of $16.20.
ChargePoint (NYSE:CHPT – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($1.75) EPS 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. As a group, research analysts predict that ChargePoint Holdings, Inc. will post -5.48 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on ChargePoint
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd lifted its stake in shares of ChargePoint by 56.4% during the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock worth $57,000 after purchasing an additional 3,100 shares during the period. Rothschild Investment LLC boosted its holdings in shares of 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 purchasing an additional 3,500 shares during the last quarter. Hsbc Holdings PLC grew its position 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 purchasing an additional 4,352 shares during the period. BNP Paribas Financial Markets increased its stake in ChargePoint by 26.8% in the third quarter. BNP Paribas Financial Markets now owns 43,534 shares of the company’s stock valued at $475,000 after purchasing an additional 9,208 shares during the last quarter. Finally, EFG International AG acquired a new position in ChargePoint in the fourth quarter valued at $72,000. 37.77% of the stock is currently owned by institutional investors and hedge funds.
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.
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