O ROURKE & COMPANY Inc Acquires 9,668 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

O ROURKE & COMPANY Inc lifted its position in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 39.7% during the first quarter, HoldingsChannel reports. The firm owned 34,048 shares of the company’s stock after buying an additional 9,668 shares during the quarter. O ROURKE & COMPANY Inc’s holdings in ChargePoint were worth $65,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of ChargePoint by 12.9% during the third quarter. Vanguard Group Inc. now owns 29,162,249 shares of the company’s stock worth $144,936,000 after purchasing an additional 3,325,694 shares in the last quarter. Norges Bank acquired a new stake in shares of ChargePoint during the fourth quarter worth $9,733,000. Wellington Management Group LLP raised its holdings in shares of ChargePoint by 418.2% during the third quarter. Wellington Management Group LLP now owns 2,522,247 shares of the company’s stock worth $12,536,000 after acquiring an additional 2,035,496 shares during the period. Invesco Ltd. raised its holdings in shares of ChargePoint by 19.2% during the third quarter. Invesco Ltd. now owns 2,193,049 shares of the company’s stock worth $10,899,000 after acquiring an additional 353,988 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of ChargePoint by 22.7% during the third quarter. Stifel Financial Corp now owns 914,582 shares of the company’s stock worth $4,546,000 after acquiring an additional 169,150 shares during the period. 37.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CHPT. Oppenheimer restated a “market perform” rating on shares of ChargePoint in a report on Wednesday, March 6th. DA Davidson restated a “buy” rating and set a $4.00 price objective on shares of ChargePoint in a report on Wednesday, March 6th. B. Riley upgraded shares of ChargePoint to a “hold” rating in a report on Tuesday, June 25th. Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of ChargePoint in a report on Thursday, June 6th. Finally, R. F. Lafferty lowered their price target on shares of ChargePoint from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.88.

Insider Buying and Selling

In other ChargePoint news, CEO Richard Wilmer sold 27,722 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were 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 owns 2,331,740 shares of the company’s stock, valued at approximately $3,264,436. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Henrik Gerdes sold 43,596 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $1.50, for a total transaction of $65,394.00. Following the completion of the sale, the chief accounting officer now owns 438,004 shares of the company’s stock, valued at approximately $657,006. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Wilmer sold 27,722 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $1.40, for a total transaction of $38,810.80. Following the sale, the chief executive officer now directly owns 2,331,740 shares of the company’s stock, valued at approximately $3,264,436. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,099 shares of company stock valued at $137,498. Company insiders own 3.50% of the company’s stock.

ChargePoint Stock Performance

Shares of CHPT stock opened at $1.48 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.13 and a debt-to-equity ratio of 1.02. The company has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $1.85. ChargePoint Holdings, Inc. has a 52 week low of $1.21 and a 52 week high of $9.23.

ChargePoint (NYSE:CHPT) last announced its earnings results on Wednesday, June 5th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.03. The business had revenue of $107.04 million during the quarter, compared to the consensus estimate of $106.09 million. ChargePoint had a negative net margin of 93.05% and a negative return on equity of 127.18%. As a group, equities analysts forecast that ChargePoint Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

ChargePoint 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.