In yesterday’s Wall Street session, ChargePoint Holdings Inc. (NYSE:CHPT) shares traded at $8.33, up 4.00% from the previous session.
As of this writing, 23 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 $26.00 and a low of $10.00, we find $16.00. Given the previous closing price of $8.01, this indicates a potential upside of 99.75 percent. CHPT stock price is now -9.76% away from the 50-day moving average and -31.32% away from the 200-day moving average. The market capitalization of the company currently stands at $3.04B.
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There are 5 analysts who have given it a hold rating, whereas 17 have given it a buy rating. Brokers who have rated the stock have averaged $17.00 as their price target over the next twelve months.
, while ‘Needham’ rates the stock as ‘Buy’.
In other news, Romano Pasquale, President and CEO sold 20,000 shares of the company’s stock on May 16. The stock was sold for $164,156 at an average price of $8.21. Upon completion of the transaction, the President and CEO now directly owns 4,148,054 shares in the company, valued at $34.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, President and CEO Romano Pasquale sold 20,000 shares of the business’s stock. A total of $170,106 was realized by selling the stock at an average price of $8.51. This leaves the insider owning 4,148,054 shares of the company worth $34.55 million. Insiders disposed of 34,250,519 shares of company stock worth roughly $285.31 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 ANTARA CAPITAL LP during the first quarter worth $7,884,000. HRT FINANCIAL LP invested $6,618,000 in shares of CHPT during the first quarter. In the first quarter, COATUE MANAGEMENT LLC acquired a new stake in ChargePoint Holdings Inc. valued at approximately $5,445,000. WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in CHPT for approximately $3,946,000. PRIVATE ADVISORY GROUP LLC purchased a new stake in CHPT valued at around $1,872,000 in the second quarter. In total, there are 508 active investors with 53.40% ownership of the company’s stock.
Wednesday morning saw ChargePoint Holdings Inc. (NYSE: CHPT) opened at $8.06. During the past 12 months, ChargePoint Holdings Inc. has had a low of $8.00 and a high of $19.92. As of last week, the company has a debt-to-equity ratio of 0.83, a current ratio of 2.50, and a quick ratio of 2.20. The fifty day moving average price for CHPT is $9.19 and a two-hundred day moving average price translates $12.10 for the stock.
The latest earnings results from ChargePoint Holdings Inc. (NYSE: CHPT) was released for Jan, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.13, beating analysts’ expectations of -$0.17 by 0.04. This compares to -$0.32 EPS in the same period last year. The net profit margin was -73.70% and return on equity was -89.00% for CHPT. The company reported revenue of $152.83 million for the quarter, compared to $79.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 92.62 percent. For the current quarter, analysts expect CHPT to generate $128.22M in revenue.
ChargePoint Holdings Inc.(CHPT) Company Profile
ChargePoint Holdings, Inc., together with its subsidiaries, 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. ChargePoint Holdings, Inc. was founded in 2007 and is headquartered in Campbell, California.
