ChargePoint Holdings, Inc. (NYSE:CHPT – Get Free Report) insider Richard Wilmer sold 8,191 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $5.03, for a total transaction of $41,200.73. Following the completion of the sale, the insider now owns 628,840 shares in the company, valued at $3,163,065.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
ChargePoint Price Performance
Shares of CHPT stock opened at $4.92 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.03 and a quick ratio of 1.61. The company has a market capitalization of $1.77 billion, a P/E ratio of -4.64 and a beta of 1.62. The company’s 50-day simple moving average is $7.14 and its two-hundred day simple moving average is $8.30. ChargePoint Holdings, Inc. has a one year low of $4.91 and a one year high of $16.60.
ChargePoint (NYSE:CHPT – Get Free Report) last announced its quarterly earnings results on Wednesday, September 6th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.22). ChargePoint had a negative return on equity of 106.73% and a negative net margin of 65.71%. The business had revenue of $150.49 million during the quarter, compared to analysts’ expectations of $153.25 million. During the same period in the previous year, the company posted ($0.27) EPS. ChargePoint’s revenue for the quarter was up 39.0% on a year-over-year basis. As a group, equities analysts anticipate that ChargePoint Holdings, Inc. will post -0.92 EPS for the current year.
Institutional Investors Weigh In On ChargePoint
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. R. F. Lafferty reduced their target price on shares of ChargePoint from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. Royal Bank of Canada started coverage on shares of ChargePoint in a report on Friday, September 8th. They issued an “outperform” rating and a $9.00 target price on the stock. The Goldman Sachs Group cut their price target on shares of ChargePoint from $10.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Needham & Company LLC cut their price target on shares of ChargePoint from $13.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. Finally, TD Cowen cut their price target on shares of ChargePoint from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, September 7th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.73.
Check Out Our Latest Stock Analysis on ChargePoint
ChargePoint 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.
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