Pathstone Family Office LLC Increases Stake in ChargePoint Holdings, Inc. (NYSE:CHPT)

Pathstone Family Office LLC lifted its stake in shares of ChargePoint Holdings, Inc. (NYSE:CHPT – Get Rating) by 44.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,360 shares of the company’s stock after acquiring an additional 14,512 shares during the period. Pathstone Family Office LLC’s holdings in ChargePoint were worth $699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American International Group Inc. increased its position in ChargePoint by 30.0% during the 2nd quarter. American International Group Inc. now owns 3,101 shares of the company’s stock worth $42,000 after purchasing an additional 716 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its position in ChargePoint by 8.1% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 11,927 shares of the company’s stock worth $176,000 after purchasing an additional 889 shares in the last quarter. Jacobi Capital Management LLC increased its position in ChargePoint by 8.2% during the 3rd quarter. Jacobi Capital Management LLC now owns 11,819 shares of the company’s stock worth $174,000 after purchasing an additional 900 shares in the last quarter. Allworth Financial LP increased its position in ChargePoint by 75.8% during the 3rd quarter. Allworth Financial LP now owns 2,667 shares of the company’s stock worth $39,000 after purchasing an additional 1,150 shares in the last quarter. Finally, First Manhattan Co. increased its position in ChargePoint by 65.4% during the 1st quarter. First Manhattan Co. now owns 3,085 shares of the company’s stock worth $61,000 after purchasing an additional 1,220 shares in the last quarter. Institutional investors and hedge funds own 44.87% of the company’s stock.

ChargePoint Stock Up 1.2 %

Shares of CHPT opened at $9.79 on Tuesday. The business’s fifty day moving average price is $11.27 and its 200 day moving average price is $12.51. ChargePoint Holdings, Inc. has a 12-month low of $8.07 and a 12-month high of $20.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.43 and a current ratio of 2.69.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of ChargePoint in a research report on Friday, March 3rd. Citigroup lowered their price objective on shares of ChargePoint from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, March 6th. Piper Sandler lowered their price objective on shares of ChargePoint from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, December 22nd. JPMorgan Chase & Co. decreased their price target on shares of ChargePoint from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, March 3rd. Finally, Cowen decreased their price target on shares of ChargePoint to $20.00 in a research report on Monday, November 28th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.28.

Insider Buying and Selling

In related news, CAO Henrik Gerdes sold 3,142 shares of the firm’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $9.53, for a total transaction of $29,943.26. Following the transaction, the chief accounting officer now directly owns 90,172 shares in the company, valued at $859,339.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other ChargePoint news, CAO Henrik Gerdes sold 3,142 shares of the firm’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $9.53, for a total value of $29,943.26. Following the sale, the chief accounting officer now directly owns 90,172 shares in the company, valued at $859,339.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Pasquale Romano sold 125,000 shares of the firm’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $9.66, for a total value of $1,207,500.00. Following the completion of the sale, the chief executive officer now owns 4,146,602 shares in the company, valued at $40,056,175.32. The disclosure for this sale can be found here. Insiders have sold 730,391 shares of company stock worth $7,284,555 over the last ninety days. 23.64% of the stock is owned by insiders.

About ChargePoint

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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.