ChargePoint Holdings Inc. (NYSE:CHPT) shares traded -1.88% lower at $11.49 on Wall Street last session.
In accordance with the data, 22 analysts cover ChargePoint Holdings Inc. (NYSE:CHPT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $46.00 and a low of $13.00, we find $20.50. Given the previous closing price of $11.71, this indicates a potential upside of 75.06 percent. CHPT stock price is now -18.93% away from the 50-day moving average and -21.08% away from the 200-day moving average. The market capitalization of the company currently stands at $3.95B.
It has been rated a hold by 5 analysts and a buy by 16. Brokers who have rated the stock have averaged $22.83 as their price target over the next twelve months.
With the price target reduced from $24 to $18, Needham maintained Buy rating for ChargePoint Holdings Inc. (NYSE: CHPT). On September 07, 2022, Credit Suisse recently initiated its ‘Outperform’ rating on the stock quoting a target price of $22, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, Loewenthal William J, Chief Product Officer sold 3,115 shares of the company’s stock on Nov 02. The stock was sold for $43,710 at an average price of $14.03. Upon completion of the transaction, the Chief Product Officer now directly owns 435,943 shares in the company, valued at $5.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03, Director CHIZEN BRUCE R sold 10,000 shares of the business’s stock. A total of $151,127 was realized by selling the stock at an average price of $15.11. This leaves the insider owning 747,256 shares of the company worth $8.59 million. Insiders disposed of 28,778,274 shares of company stock worth roughly $330.66 million over the past 1 year. A total of 2.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHPT stock. A new stake in ChargePoint Holdings Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $15,967,000. SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC invested $8,620,000 in shares of CHPT during the first quarter. In the first quarter, COMMERCE BANK acquired a new stake in ChargePoint Holdings Inc. valued at approximately $3,474,000. WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in CHPT for approximately $3,345,000. SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) purchased a new stake in CHPT valued at around $3,217,000 in the second quarter. In total, there are 462 active investors with 53.60% ownership of the company’s stock.
ChargePoint Holdings Inc. (NYSE: CHPT) opened at $11.74 on Tuesday. During the past 12 months, ChargePoint Holdings Inc. has had a low of $8.50 and a high of $28.53. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.80, and a quick ratio of 2.60. The fifty day moving average price for CHPT is $14.17 and a two-hundred day moving average price translates $14.56 for the stock.
The latest earnings results from ChargePoint Holdings Inc. (NYSE: CHPT) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at -$0.18, beating analysts’ expectations of -$0.22 by 0.04. This compares to -$0.27 EPS in the same period last year. The net profit margin was -93.20% and return on equity was -62.60% for CHPT. The company reported revenue of $108.29 million for the quarter, compared to $56.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 92.96 percent. For the current quarter, analysts expect CHPT to generate $132.12M in revenue.
ChargePoint Holdings Inc.(CHPT) Company Profile
ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.