ChargePoint’s (CHPT) “Hold” Rating Reaffirmed at Needham & Company LLC

ChargePoint (NYSE:CHPT)‘s stock had its “hold” rating reaffirmed by Needham & Company LLC in a report issued on Thursday, Benzinga reports.

CHPT has been the topic of a number of other reports. TD Cowen reissued a “hold” rating and issued a $7.50 price target (up from $7.00) on shares of ChargePoint in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ChargePoint in a research note on Friday, July 17th. UBS Group reissued a “neutral” rating and set a $8.00 target price (up from $7.00) on shares of ChargePoint in a research note on Tuesday, June 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $6.50 target price on shares of ChargePoint in a report on Thursday, June 4th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of ChargePoint in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $8.31.

ChargePoint Price Performance

Shares of CHPT stock opened at $5.21 on Thursday. The company has a debt-to-equity ratio of 10.73, a current ratio of 1.15 and a quick ratio of 0.56. The company has a market capitalization of $127.20 million, a PE ratio of -0.60 and a beta of 1.77. The firm’s 50-day moving average is $5.79 and its two-hundred day moving average is $6.12. ChargePoint has a 12 month low of $4.44 and a 12 month high of $12.61.

ChargePoint (NYSE:CHPT) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.11) by ($0.64). The firm had revenue of $101.82 million for the quarter, compared to analyst estimates of $95.64 million. ChargePoint had a negative return on equity of 504.42% and a negative net margin of 49.66%. Analysts predict that ChargePoint will post -5.48 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Eric Batill sold 4,979 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $7.13, for a total value of $35,500.27. Following the transaction, the general counsel directly owned 143,631 shares of the company’s stock, valued at $1,024,089.03. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mansi Khetani sold 8,152 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $7.13, for a total value of $58,123.76. Following the completion of the sale, the chief financial officer directly owned 179,348 shares of the company’s stock, valued at approximately $1,278,751.24. This trade represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 29,164 shares of company stock valued at $208,037. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On ChargePoint

Institutional investors and hedge funds have recently made changes to their positions in the business. Focus Partners Wealth purchased a new stake in ChargePoint during the 1st quarter valued at approximately $27,000. Rothschild Investment LLC raised its position 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 during the last quarter. Corient Private Wealth LLC lifted its stake in shares of ChargePoint by 57.1% in the 2nd quarter. Corient Private Wealth LLC now owns 67,345 shares of the company’s stock worth $47,000 after acquiring an additional 24,470 shares during the period. R Squared Ltd purchased a new stake in shares of ChargePoint in the first quarter valued at about $59,000. Finally, Jump Financial LLC purchased a new stake in shares of ChargePoint in the second quarter valued at about $66,000. 37.77% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ChargePoint

Here are the key news stories impacting ChargePoint this week:

• Positive Sentiment: Q2 revenue substantially exceeded expectations: ChargePoint reported approximately $116.1 million in revenue for the quarter ended July 2026, up 17.7% year over year and well above analysts’ estimate of roughly $105.2 million. ChargePoint Delivers Impressive Q2
• Positive Sentiment: The quarterly loss was narrower than expected: ChargePoint reported a GAAP loss of $1.35 per share, beating the consensus estimate of a $1.57 loss. On an adjusted basis, Zacks reported a loss of $0.35 per share versus an expected loss of $0.80, and the loss improved substantially from $1.42 per share a year earlier. ChargePoint Q2 Loss and Revenue Results
• Positive Sentiment: Margins were a key catalyst: Management highlighted record gross margins, suggesting better economics for ChargePoint’s charging hardware, software and services. This helped drive the sharp after-hours reaction and improved investor sentiment. ChargePoint Q2 2027 Gross Margins
• Positive Sentiment: Q3 revenue guidance was modestly above consensus: ChargePoint forecast revenue of $105 million to $115 million, or approximately $110 million at the midpoint, compared with analysts’ estimate of $109.2 million. ChargePoint Earnings Call
• Neutral Sentiment: ChargePoint appointed John Saffrett as executive vice president and managing director of Europe to lead regional sales, partnerships and expansion. The move supports the company’s international growth strategy, but its financial impact is not yet clear. ChargePoint European Growth Strategy
• Negative Sentiment: Despite the improvement, ChargePoint remains unprofitable, with a deeply negative net margin and return on equity. Its reported debt-to-equity ratio is also extremely high, while liquidity remains relatively limited, leaving execution and cash-flow concerns as ongoing risks.

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.