United Capital Financial Advisers LLC trimmed its holdings in shares of ChargePoint Holdings, Inc. (NYSE:CHPT – Get Rating) by 34.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,575 shares of the company’s stock after selling 9,328 shares during the period. United Capital Financial Advisers LLC’s holdings in ChargePoint were worth $259,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vienna Asset Management LLC acquired a new position in ChargePoint during the third quarter valued at approximately $148,000. Royal Bank of Canada lifted its position in shares of ChargePoint by 43.2% during the third quarter. Royal Bank of Canada now owns 290,244 shares of the company’s stock worth $4,283,000 after purchasing an additional 87,497 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of ChargePoint during the third quarter worth $632,000. Cubist Systematic Strategies LLC lifted its position in shares of ChargePoint by 247.0% during the third quarter. Cubist Systematic Strategies LLC now owns 324,844 shares of the company’s stock worth $4,795,000 after purchasing an additional 231,238 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of ChargePoint during the third quarter worth $52,000. 44.87% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CHPT has been the topic of a number of recent research reports. R. F. Lafferty reduced their target price on shares of ChargePoint from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of ChargePoint from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, March 3rd. Janney Montgomery Scott began coverage on shares of ChargePoint in a research report on Friday, February 24th. They set a “buy” rating on the stock. Citigroup dropped their price target on shares of ChargePoint from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Cowen dropped their price target on shares of ChargePoint to $20.00 in a research note on Monday, November 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.28.
ChargePoint Stock Performance
Insider Buying and Selling at ChargePoint
In other ChargePoint news, Director Michael Linse sold 508,101 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $10.08, for a total transaction of $5,121,658.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Henrik Gerdes sold 3,142 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $9.53, for a total transaction of $29,943.26. Following the completion of the transaction, the chief accounting officer now owns 90,172 shares in the company, valued at $859,339.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Linse sold 508,101 shares of the company’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $10.08, for a total transaction of $5,121,658.08. The disclosure for this sale can be found here. Insiders sold a total of 733,506 shares of company stock worth $7,318,633 over the last 90 days. Insiders own 23.64% of the company’s stock.
ChargePoint 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.
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