ChargePoint (NYSE:CHPT) Now Covered by Analysts at Tudor Pickering

Research analysts at Tudor Pickering initiated coverage on shares of ChargePoint (NYSE:CHPTGet Rating) in a note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

Several other research firms have also recently weighed in on CHPT. The Goldman Sachs Group dropped their price target on shares of ChargePoint from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 10th. Piper Sandler decreased their price objective on shares of ChargePoint from $23.00 to $20.00 in a report on Friday, January 7th. Jefferies Financial Group dropped their price target on shares of ChargePoint from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 3rd. Zacks Investment Research cut ChargePoint from a “hold” rating to a “sell” rating in a research note on Thursday, March 10th. Finally, Cowen lifted their price objective on ChargePoint from $24.00 to $27.00 in a research note on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $24.58.

Shares of NYSE CHPT opened at $15.43 on Thursday. ChargePoint has a 12-month low of $11.21 and a 12-month high of $36.86. The stock has a market cap of $5.18 billion, a PE ratio of -9.83 and a beta of 1.94. The company has a 50-day moving average of $16.38 and a 200 day moving average of $18.62.

ChargePoint (NYSE:CHPTGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the 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%. On average, research analysts anticipate that ChargePoint will post -0.89 earnings per share for the current fiscal year.

In other news, CMO Colleen Jansen sold 3,500 shares of ChargePoint stock in a transaction on Friday, March 25th. The shares were sold at an average price of $19.00, for a total value of $66,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Linse sold 1,576,794 shares of ChargePoint stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $15.46, for a total transaction of $24,377,235.24. The disclosure for this sale can be found here. Insiders sold a total of 1,731,130 shares of company stock worth $26,986,403 over the last ninety days. Corporate insiders own 39.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in ChargePoint in the 3rd quarter valued at $27,000. Nvwm LLC grew its position 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 last quarter. Wagner Wealth Management LLC grew its position 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 last quarter. First Manhattan Co. purchased a new position in ChargePoint in the 3rd quarter valued at $37,000. Finally, AdvisorNet Financial Inc boosted its position in shares of ChargePoint by 491.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,893 shares of the company’s stock worth $36,000 after purchasing an additional 1,573 shares in the last quarter. Hedge funds and other institutional investors own 27.69% of the company’s stock.

ChargePoint Company Profile (Get Rating)

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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