ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani Sells 19,007 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 19,007 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $1.40, for a total transaction of $26,609.80. Following the completion of the sale, the chief financial officer now directly owns 402,493 shares of the company’s stock, valued at approximately $563,490.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

ChargePoint Price Performance

ChargePoint stock opened at $1.42 on Monday. ChargePoint Holdings, Inc. has a 1 year low of $1.21 and a 1 year high of $9.23. The firm has a 50 day moving average price of $1.62 and a 200 day moving average price of $1.89. The company has a market cap of $601.17 million, a price-to-earnings ratio of -1.20 and a beta of 1.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.45 and a current ratio of 2.13.

Institutional Investors Weigh In On ChargePoint

Several institutional investors have recently bought and sold shares of CHPT. Mutual Advisors LLC raised its holdings in shares of ChargePoint by 9.2% during the third quarter. Mutual Advisors LLC now owns 43,910 shares of the company’s stock worth $218,000 after purchasing an additional 3,700 shares during the period. Treasurer of the State of North Carolina grew its position in ChargePoint by 3.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 136,113 shares of the company’s stock valued at $319,000 after buying an additional 4,910 shares in the last quarter. Independent Advisor Alliance grew its position in ChargePoint by 34.2% in the 4th quarter. Independent Advisor Alliance now owns 19,945 shares of the company’s stock valued at $47,000 after buying an additional 5,085 shares in the last quarter. O ROURKE & COMPANY Inc lifted its holdings in ChargePoint by 34.2% in the 4th quarter. O ROURKE & COMPANY Inc now owns 24,380 shares of the company’s stock valued at $57,000 after acquiring an additional 6,207 shares during the last quarter. Finally, Core Wealth Management Inc. lifted its holdings in ChargePoint by 46.8% in the 4th quarter. Core Wealth Management Inc. now owns 20,015 shares of the company’s stock valued at $47,000 after acquiring an additional 6,380 shares during the last quarter. 37.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHPT shares. Oppenheimer restated a “market perform” rating on shares of ChargePoint in a report on Wednesday, March 6th. TD Cowen decreased their price objective on shares of ChargePoint from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of ChargePoint in a report on Thursday, June 6th. Benchmark reiterated a “buy” rating and set a $4.25 target price on shares of ChargePoint in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $1.50 price objective (down from $2.00) on shares of ChargePoint in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.96.

About ChargePoint

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.