ChargePoint Holdings, Inc. (NYSE:CHPT – Get Rating) – Stock analysts at Piper Sandler dropped their Q2 2023 EPS estimates for shares of ChargePoint in a research note issued on Monday, April 11th. Piper Sandler analyst K. Harrison now forecasts that the company will post earnings per share of ($0.25) for the quarter, down from their prior estimate of ($0.24). Piper Sandler also issued estimates for ChargePoint’s Q3 2023 earnings at ($0.24) EPS, FY2023 earnings at ($0.96) EPS, Q1 2024 earnings at ($0.26) EPS, Q3 2024 earnings at ($0.20) EPS and Q4 2024 earnings at ($0.18) EPS.
ChargePoint (NYSE:CHPT – Get Rating) last announced its earnings results on Wednesday, March 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.02. ChargePoint had a negative net margin of 54.71% and a positive return on equity of 5.72%.
CHPT opened at $15.25 on Thursday. ChargePoint has a fifty-two week low of $11.21 and a fifty-two week high of $36.86. The firm’s fifty day moving average price is $16.21 and its two-hundred day moving average price is $18.76. The company has a market capitalization of $5.12 billion, a P/E ratio of -9.71 and a beta of 1.94.
In other ChargePoint news, CMO Colleen Jansen sold 2,473 shares of the company’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $17.92, for a total transaction of $44,316.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rex S. Jackson sold 8,100 shares of the company’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $17.92, for a total value of $145,152.00. The disclosure for this sale can be found here. Insiders sold a total of 73,163 shares of company stock valued at $1,295,789 over the last quarter. 39.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of ChargePoint during the 3rd quarter worth about $27,000. Wagner Wealth Management LLC increased its holdings in ChargePoint by 236.7% in the 4th quarter. Wagner Wealth Management LLC now owns 1,549 shares of the company’s stock valued at $30,000 after buying an additional 1,089 shares during the period. Nvwm LLC increased its holdings in ChargePoint by 2,121.7% in the 3rd quarter. Nvwm LLC now owns 1,533 shares of the company’s stock valued at $31,000 after buying an additional 1,464 shares during the period. AdvisorNet Financial Inc increased its holdings in ChargePoint by 491.6% in the 4th quarter. AdvisorNet Financial Inc now owns 1,893 shares of the company’s stock valued at $36,000 after buying an additional 1,573 shares during the period. Finally, First Manhattan Co. bought a new position in ChargePoint in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 27.69% of the company’s stock.
About ChargePoint (Get Rating)
ChargePoint Holdings, Inc provides electric vehicle (EV) charging networks and charging solutions in the United States. 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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