Mansi Khetani Sells 19,007 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) CFO Mansi Khetani sold 19,007 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $1.40, for a total transaction of $26,609.80. Following the completion of the transaction, the chief financial officer now directly owns 402,493 shares in the company, valued at approximately $563,490.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ChargePoint Stock Performance

Shares of CHPT stock opened at $1.29 on Wednesday. The stock has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $1.88. ChargePoint Holdings, Inc. has a fifty-two week low of $1.21 and a fifty-two week high of $9.23. The company has a quick ratio of 1.45, a current ratio of 2.13 and a debt-to-equity ratio of 1.02.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 price target (down previously from $3.50) on shares of ChargePoint in a report on Wednesday, March 6th. DA Davidson reissued a “buy” rating and set a $4.00 price target on shares of ChargePoint in a report on Wednesday, March 6th. R. F. Lafferty dropped their price objective on shares of ChargePoint from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. TD Cowen reduced their target price on shares of ChargePoint from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $1.50 price target (down previously from $2.00) on shares of ChargePoint in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.96.

Hedge Funds Weigh In On ChargePoint

Several large investors have recently made changes to their positions in CHPT. Mutual Advisors LLC lifted its stake in ChargePoint by 9.2% during the third quarter. Mutual Advisors LLC now owns 43,910 shares of the company’s stock valued at $218,000 after purchasing an additional 3,700 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of ChargePoint by 3.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 136,113 shares of the company’s stock valued at $319,000 after acquiring an additional 4,910 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of ChargePoint by 34.2% during the 4th quarter. Independent Advisor Alliance now owns 19,945 shares of the company’s stock valued at $47,000 after acquiring an additional 5,085 shares during the last quarter. O ROURKE & COMPANY Inc grew its holdings in shares of ChargePoint by 34.2% in the 4th quarter. O ROURKE & COMPANY Inc now owns 24,380 shares of the company’s stock worth $57,000 after acquiring an additional 6,207 shares during the last quarter. Finally, Core Wealth Management Inc. grew its holdings in shares of ChargePoint by 46.8% in the 4th quarter. Core Wealth Management Inc. now owns 20,015 shares of the company’s stock worth $47,000 after acquiring an additional 6,380 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.

About ChargePoint

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.