The stock of ChargePoint Holdings Inc. (NYSE:CHPT) last traded at $7.44, up 3.91% from the previous session.
CHPT stock price is now -6.90% away from the 50-day moving average and -22.67% away from the 200-day moving average. The market capitalization of the company currently stands at $2.53B.
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With the price target reduced from $15.50 to $14, BofA Securities Upgraded its rating from Neutral to Buy for ChargePoint Holdings Inc. (NYSE: CHPT).
In other news, Romano Pasquale, President and CEO sold 10,000 shares of the company’s stock on Aug 18. The stock was sold for $71,489 at an average price of $7.15. Upon completion of the transaction, the President and CEO now directly owns 4,148,054 shares in the company, valued at $30.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, President and CEO Romano Pasquale sold 10,000 shares of the business’s stock. A total of $72,687 was realized by selling the stock at an average price of $7.27. This leaves the insider owning 4,148,054 shares of the company worth $30.86 million. Insiders disposed of 27,666,488 shares of company stock worth roughly $205.84 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 TRILLIUM ASSET MANAGEMENT, LLC during the first quarter worth $2,414,000. POINT72 EUROPE (LONDON) LLP invested $2,277,000 in shares of CHPT during the first quarter. In the first quarter, PRIMORIS WEALTH ADVISORS, LLC acquired a new stake in ChargePoint Holdings Inc. valued at approximately $1,725,000. MARSHALL WACE, LLP acquired a new stake in CHPT for approximately $1,283,000. NEBULA RESEARCH & DEVELOPMENT LLC purchased a new stake in CHPT valued at around $533,000 in the second quarter. In total, there are 514 active investors with 53.40% ownership of the company’s stock.
With an opening price of $7.23 on Friday morning, ChargePoint Holdings Inc. (NYSE: CHPT) set off the trading day. During the past 12 months, ChargePoint Holdings Inc. has had a low of $6.65 and a high of $19.92. As of last week, the company has a debt-to-equity ratio of 0.90, a current ratio of 2.40, and a quick ratio of 2.00. The fifty day moving average price for CHPT is $7.99 and a two-hundred day moving average price translates $9.59 for the stock.
The latest earnings results from ChargePoint Holdings Inc. (NYSE: CHPT) was released for Apr, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.15, beating analysts’ expectations of -$0.17 by 0.02. This compares to -$0.27 EPS in the same period last year. The net profit margin was -64.90% and return on equity was -94.90% for CHPT. The company reported revenue of $130.03 million for the quarter, compared to $81.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.29 percent. For the current quarter, analysts expect CHPT to generate $153.24M 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.
