Jagdeep Ca Singh Sells 4,832 Shares of ChargePoint (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) insider Jagdeep Ca Singh sold 4,832 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $6.99, for a total transaction of $33,775.68. Following the completion of the transaction, the insider directly owned 124,627 shares in the company, valued at $871,142.73. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ChargePoint Stock Down 0.3%

CHPT stock opened at $7.12 on Thursday. The stock has a market capitalization of $168.39 million, a PE ratio of -0.69 and a beta of 1.43. The company has a fifty day moving average of $9.11 and a 200-day moving average of $11.05. The company has a debt-to-equity ratio of 8.38, a quick ratio of 0.93 and a current ratio of 1.59. ChargePoint Holdings, Inc. has a one year low of $6.90 and a one year high of $26.00.

ChargePoint (NYSE:CHPT) last posted its quarterly earnings results on Thursday, December 4th. The company reported ($2.23) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $96.51 million. During the same period in the prior year, the company earned ($1.94) earnings per share. As a group, analysts expect that ChargePoint Holdings, Inc. will post -0.57 EPS for the current year.

Institutional Trading of ChargePoint

A number of hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of ChargePoint during the 2nd quarter valued at about $27,000. Focus Partners Wealth purchased a new stake in ChargePoint in the first quarter valued at approximately $27,000. Trueblood Wealth Management LLC increased its position in ChargePoint by 100.0% during the second quarter. Trueblood Wealth Management LLC now owns 40,000 shares of the company’s stock worth $28,000 after purchasing an additional 20,000 shares during the last quarter. Ethic Inc. purchased a new position in ChargePoint during the second quarter worth approximately $32,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of ChargePoint by 31.2% in the 1st quarter. Hsbc Holdings PLC now owns 64,567 shares of the company’s stock valued at $38,000 after purchasing an additional 15,366 shares during the last quarter. 37.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on CHPT. Needham & Company LLC reiterated a “hold” rating on shares of ChargePoint in a research report on Thursday, September 4th. Roth Capital set a $8.50 price target on ChargePoint and gave the stock a “neutral” rating in a research note on Friday, December 5th. Benchmark lowered their price objective on shares of ChargePoint from $40.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. TD Cowen dropped their price objective on ChargePoint from $30.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $9.00 target price (down from $10.00) on shares of ChargePoint in a report on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $12.65.

Key ChargePoint News

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.