ChargePoint (NYSE:CHPT) CFO Mansi Khetani Sells 2,311 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 2,311 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $5.30, for a total value of $12,248.30. Following the completion of the transaction, the chief financial officer owned 128,500 shares in the company, valued at $681,050. This trade represents a 1.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mansi Khetani also recently made the following trade(s):

• On Tuesday, December 23rd, Mansi Khetani sold 3,943 shares of ChargePoint stock. The shares were sold at an average price of $6.99, for a total transaction of $27,561.57.

ChargePoint Stock Up 2.4%

Shares of ChargePoint stock traded up $0.12 during midday trading on Monday, reaching $5.35. 571,225 shares of the company’s stock traded hands, compared to its average volume of 431,818. ChargePoint Holdings, Inc. has a 52 week low of $5.20 and a 52 week high of $17.78. The company’s 50 day simple moving average is $6.11 and its 200 day simple moving average is $8.26. 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 cap of $126.60 million, a price-to-earnings ratio of -0.57 and a beta of 1.40.

Analysts Set New Price Targets

Several brokerages recently commented on CHPT. Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a report on Wednesday, January 21st. UBS Group cut their target price on ChargePoint from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Royal Bank Of Canada lowered their target price on shares of ChargePoint from $9.00 to $6.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 5th. B. Riley Financial cut their price target on shares of ChargePoint from $11.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. dropped their target price on ChargePoint from $8.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ChargePoint currently has an average rating of “Reduce” and a consensus price target of $9.89.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHPT. Pilgrim Partners Asia Pte Ltd raised its stake in shares of ChargePoint by 56.4% in the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock worth $57,000 after acquiring an additional 3,100 shares during the last quarter. Rothschild Investment LLC lifted its holdings in ChargePoint by 233.3% during the 4th quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock worth $33,000 after buying an additional 3,500 shares in the last quarter. BNP Paribas Financial Markets boosted its position in ChargePoint by 26.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 43,534 shares of the company’s stock valued at $475,000 after buying an additional 9,208 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of ChargePoint in the 4th quarter valued at $73,000. Finally, EFG International AG acquired a new stake in shares of ChargePoint in the 4th quarter valued at $72,000. 37.77% of the stock is owned by institutional investors.

About ChargePoint

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.