Healthcare of Ontario Pension Plan Trust Fund Has $546,000 Stock Holdings in Blink Charging Co. (NASDAQ:BLNK)

Posted by Defense World Staff on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Blink Charging Co. (NASDAQ:BLNK – Get Rating) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,838 shares of the company’s stock after selling 9,337 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Blink Charging worth $546,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management bought a new position in shares of Blink Charging during the third quarter worth approximately $34,000. Lazard Asset Management LLC bought a new position in Blink Charging during the 2nd quarter worth $52,000. Point72 Hong Kong Ltd bought a new position in Blink Charging during the 1st quarter worth $103,000. US Bancorp DE raised its position in shares of Blink Charging by 73.5% in the 1st quarter. US Bancorp DE now owns 4,090 shares of the company’s stock worth $108,000 after acquiring an additional 1,733 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new stake in Blink Charging in the 3rd quarter valued at about $151,000. 27.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blink Charging

In other news, CEO Michael D. Farkas sold 143,634 shares of the company’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $10.81, for a total value of $1,552,683.54. Following the transaction, the chief executive officer now owns 1,884,433 shares of the company’s stock, valued at $20,370,720.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Michael D. Farkas sold 143,634 shares of the company’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $10.81, for a total value of $1,552,683.54. Following the transaction, the chief executive officer now owns 1,884,433 shares of the company’s stock, valued at $20,370,720.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jack Levine purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 28th. The stock was purchased at an average cost of $10.22 per share, for a total transaction of $102,200.00. Following the acquisition, the director now owns 131,641 shares of the company’s stock, valued at approximately $1,345,371.02. The disclosure for this purchase can be found here. Insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BLNK shares. B. Riley cut their target price on Blink Charging from $15.00 to $14.00 in a research note on Monday, November 7th. Cowen dropped their price objective on Blink Charging to $16.00 in a research note on Tuesday, November 15th. Finally, DA Davidson dropped their price objective on Blink Charging to $14.00 in a research note on Tuesday, November 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Blink Charging currently has an average rating of “Hold” and an average target price of $19.00.

Blink Charging Price Performance

Shares of BLNK stock opened at $9.05 on Wednesday. The stock has a market capitalization of $541.73 million, a price-to-earnings ratio of -4.92 and a beta of 3.04. Blink Charging Co. has a 1 year low of $8.89 and a 1 year high of $29.99. The company’s fifty day simple moving average is $11.80 and its two-hundred day simple moving average is $14.98.

Blink Charging Profile

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Blink Charging Co engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. Its product line and services include the Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D.