Mansi Khetani Sells 3,943 Shares of ChargePoint (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 3,943 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $6.99, for a total transaction of $27,561.57. Following the transaction, the chief financial officer directly owned 130,363 shares of the company’s stock, valued at approximately $911,237.37. This trade represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ChargePoint Price Performance

ChargePoint stock opened at $7.12 on Thursday. The company has a debt-to-equity ratio of 8.38, a quick ratio of 0.93 and a current ratio of 1.59. The company 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 simple moving average is $9.11 and its 200-day simple moving average is $11.05. ChargePoint Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $26.00.

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

Institutional Investors Weigh In On ChargePoint

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

Wall Street Analysts Forecast Growth

CHPT has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price (down from $10.00) on shares of ChargePoint in a research report on Friday, December 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ChargePoint in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “sell” rating and set a $10.00 target price (up from $9.00) on shares of ChargePoint in a report on Monday, December 8th. JPMorgan Chase & Co. dropped their price target on shares of ChargePoint from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, September 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ChargePoint in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $12.65.

Key Headlines Impacting 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.