Eric Batill Sells 2,976 Shares of ChargePoint (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) General Counsel Eric Batill sold 2,976 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $6.98, for a total transaction of $20,772.48. Following the completion of the sale, the general counsel owned 81,305 shares in the company, valued at $567,508.90. This represents a 3.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ChargePoint Trading Down 0.3%

CHPT opened at $7.12 on Thursday. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.59 and a quick ratio of 0.93. ChargePoint Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $26.00. The firm has a market capitalization of $168.39 million, a price-to-earnings ratio of -0.69 and a beta of 1.43. The company’s 50 day moving average price is $9.11 and its two-hundred day moving average price is $11.05.

ChargePoint (NYSE:CHPT) last issued its quarterly earnings results on Thursday, December 4th. The company reported ($2.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.35) by ($0.88). ChargePoint had a negative return on equity of 209.46% and a negative net margin of 59.54%.The firm had revenue of $105.67 million during the quarter, compared to analyst estimates of $96.51 million. During the same quarter last year, the firm posted ($1.94) EPS. As a group, research analysts predict that ChargePoint Holdings, Inc. will post -0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CHPT. Royal Bank Of Canada reissued a “sector perform” rating and set a $9.00 target price (down from $10.00) on shares of ChargePoint in a research report on Friday, December 5th. Roth Capital set a $8.50 price objective on ChargePoint and gave the stock a “neutral” rating in a research note on Friday, December 5th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $10.00 target price (up previously from $9.00) on shares of ChargePoint in a research report on Monday, December 8th. Needham & Company LLC reissued a “hold” rating on shares of ChargePoint in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. dropped their price objective on ChargePoint from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.65.

Institutional Trading of ChargePoint

A number of institutional investors have recently modified their holdings of CHPT. Catalyst Funds Management Pty Ltd purchased a new position in ChargePoint during the 2nd quarter valued at about $161,000. XTX Topco Ltd increased its holdings in ChargePoint by 75.5% during the 2nd quarter. XTX Topco Ltd now owns 856,654 shares of the company’s stock worth $602,000 after acquiring an additional 368,418 shares during the period. Soviero Asset Management LP purchased a new stake in ChargePoint in the 2nd quarter worth approximately $633,000. International Assets Investment Management LLC bought a new position in ChargePoint in the 2nd quarter valued at $27,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of ChargePoint during the 2nd quarter valued at $98,000. 37.77% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about ChargePoint

Here are the key news stories impacting ChargePoint this week:

• Neutral Sentiment: UBS reiterated a Neutral rating on CHPT, signaling no upgrade catalyst from that house and limited near‑term upside. Article
• Neutral Sentiment: ChargePoint remains in thematic EV coverage lists (longer‑term electrification tailwind), which provides background support but not an immediate catalyst. Article
• Negative Sentiment: CEO warned the company expects a “pullback” this quarter after an EV tax credit expired — that directly signals softer near‑term demand for chargers and raises revenue/timing risk. ChargePoint CEO: We expect a ‘pullback’
• Negative Sentiment: Clustered insider selling filed Dec. 23: CFO Mansi Khetani (~3,943 sh), General Counsel Eric Batill (~2,976 sh) and others disclosed sales — concentrated insider sales can pressure sentiment even if for personal/liquidity reasons. SEC/Form 4 filings available. Example SEC filing
• Negative Sentiment: RBC Capital trimmed its price target to $9 (from $10) and kept a Sector Perform rating — another analyst note that narrows upside expectations. RBC price target cut
• Negative Sentiment: UBS also reduced its price target to $9 (from $12) in recent coverage — coupled with the neutral rating, this reduces sell‑side upside and likely limits near‑term buying interest. UBS price target cut
• Negative Sentiment: Recent fundamentals remain challenging: the company has a history of wide losses and a negative return on equity, which makes it more sensitive to downgrades and demand shocks. (See company coverage/earnings commentary.) MarketBeat CHPT summary

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.