Banque Cantonale Vaudoise grew its holdings in ChargePoint Holdings, Inc. (NYSE:CHPT – Free Report) by 12.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,997 shares of the company’s stock after purchasing an additional 5,213 shares during the period. Banque Cantonale Vaudoise’s holdings in ChargePoint were worth $482,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. HM Payson & Co. raised its holdings in shares of ChargePoint by 50.0% in the first quarter. HM Payson & Co. now owns 4,500 shares of the company’s stock valued at $47,000 after purchasing an additional 1,500 shares during the last quarter. Mutual Advisors LLC acquired a new stake in shares of ChargePoint in the fourth quarter valued at approximately $275,000. Handelsbanken Fonder AB raised its holdings in shares of ChargePoint by 2.4% in the fourth quarter. Handelsbanken Fonder AB now owns 1,975,946 shares of the company’s stock valued at $18,831,000 after purchasing an additional 46,646 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of ChargePoint by 3.6% in the fourth quarter. Arizona State Retirement System now owns 61,804 shares of the company’s stock valued at $589,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Dana Investment Advisors Inc. acquired a new stake in shares of ChargePoint in the third quarter valued at approximately $303,000. 35.23% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CAO Henrik Gerdes sold 5,518 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $8.03, for a total transaction of $44,309.54. Following the completion of the transaction, the chief accounting officer now owns 83,537 shares of the company’s stock, valued at $670,802.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ChargePoint news, General Counsel Rebecca Chavez sold 4,751 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $8.03, for a total value of $38,150.53. Following the completion of the transaction, the general counsel now owns 352,431 shares in the company, valued at $2,830,020.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henrik Gerdes sold 5,518 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $8.03, for a total value of $44,309.54. Following the completion of the transaction, the chief accounting officer now owns 83,537 shares of the company’s stock, valued at approximately $670,802.11. The disclosure for this sale can be found here. Insiders have sold a total of 972,073 shares of company stock worth $8,443,670 over the last ninety days. Company insiders own 12.90% of the company’s stock.
Wall Street Analyst Weigh In
ChargePoint Stock Performance
ChargePoint stock opened at $8.70 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.97 and a current ratio of 2.37. ChargePoint Holdings, Inc. has a 52-week low of $7.22 and a 52-week high of $19.92. The firm has a 50 day moving average price of $8.65 and a two-hundred day moving average price of $9.76.
ChargePoint (NYSE:CHPT – Free Report) last posted its quarterly earnings results on Thursday, June 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.04. The business had revenue of $130.00 million during the quarter, compared to the consensus estimate of $128.27 million. ChargePoint had a negative net margin of 64.78% and a negative return on equity of 88.36%. ChargePoint’s revenue was up 59.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.26) EPS. As a group, equities research analysts forecast that ChargePoint Holdings, Inc. will post -0.7 EPS for the current year.
About ChargePoint
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.
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