Richard Wilmer Sells 27,722 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) CEO Richard Wilmer sold 27,722 shares of ChargePoint stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $1.40, for a total value of $38,810.80. Following the completion of the sale, the chief executive officer now directly owns 2,331,740 shares in the company, valued at $3,264,436. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ChargePoint Price Performance

CHPT stock opened at $1.42 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.45 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $601.17 million, a PE ratio of -1.20 and a beta of 1.74. ChargePoint Holdings, Inc. has a 12-month low of $1.21 and a 12-month high of $9.23. The business’s fifty day moving average price is $1.62 and its 200 day moving average price is $1.89.

Analysts Set New Price Targets

CHPT has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 price target (down from $3.50) on shares of ChargePoint in a research note on Wednesday, March 6th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $1.50 price target (down from $2.00) on shares of ChargePoint in a research note on Tuesday, April 9th. DA Davidson reissued a “buy” rating and set a $4.00 price objective on shares of ChargePoint in a research note on Wednesday, March 6th. R. F. Lafferty lowered their price objective on ChargePoint from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of ChargePoint in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.96.

Institutional Investors Weigh In On ChargePoint

Several large investors have recently bought and sold shares of the stock. Cetera Advisors LLC increased its holdings in ChargePoint by 752.7% during the 1st quarter. Cetera Advisors LLC now owns 389,584 shares of the company’s stock worth $740,000 after purchasing an additional 343,898 shares during the period. Virtu Financial LLC purchased a new stake in ChargePoint during the 1st quarter worth about $399,000. Tidal Investments LLC boosted its position in shares of ChargePoint by 58.8% during the 1st quarter. Tidal Investments LLC now owns 333,866 shares of the company’s stock worth $634,000 after acquiring an additional 123,597 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of ChargePoint by 15.7% during the 1st quarter. California State Teachers Retirement System now owns 374,395 shares of the company’s stock worth $711,000 after acquiring an additional 50,857 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of ChargePoint by 6.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 136,355 shares of the company’s stock worth $259,000 after acquiring an additional 7,838 shares in the last quarter. Hedge funds and other institutional investors own 37.77% of the company’s stock.

ChargePoint Company Profile

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.