ChargePoint Holdings, Inc. (NYSE:CHPT) Stake Raised by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of ChargePoint Holdings, Inc. (NYSE:CHPTFree Report) by 418.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,522,247 shares of the company’s stock after buying an additional 2,035,496 shares during the period. Wellington Management Group LLP’s holdings in ChargePoint were worth $12,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CHPT. Amundi raised its holdings in shares of ChargePoint by 3,169.2% during the fourth quarter. Amundi now owns 2,680,629 shares of the company’s stock valued at $25,915,000 after buying an additional 2,598,633 shares during the last quarter. Norges Bank acquired a new position in shares of ChargePoint during the fourth quarter valued at approximately $24,709,000. BlackRock Inc. increased its stake in shares of ChargePoint by 28.8% during the third quarter. BlackRock Inc. now owns 10,484,565 shares of the company’s stock valued at $154,754,000 after acquiring an additional 2,345,089 shares during the period. Vanguard Group Inc. increased its stake in shares of ChargePoint by 6.6% during the third quarter. Vanguard Group Inc. now owns 22,469,637 shares of the company’s stock valued at $331,652,000 after acquiring an additional 1,396,280 shares during the period. Finally, Morgan Stanley increased its stake in shares of ChargePoint by 43.5% during the third quarter. Morgan Stanley now owns 3,507,733 shares of the company’s stock valued at $17,433,000 after acquiring an additional 1,063,302 shares during the period. Institutional investors own 45.01% of the company’s stock.

ChargePoint Trading Down 7.9 %

ChargePoint stock opened at $1.74 on Friday. The company has a 50 day moving average price of $1.95 and a 200 day moving average price of $2.78. ChargePoint Holdings, Inc. has a 52 week low of $1.56 and a 52 week high of $10.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.34. The firm has a market capitalization of $727.37 million, a price-to-earnings ratio of -1.40 and a beta of 1.63.

Insider Buying and Selling

In other ChargePoint news, Director Michael Linse sold 100,000 shares of ChargePoint stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $1.94, for a total transaction of $194,000.00. Following the completion of the sale, the director now owns 1,209,867 shares of the company’s stock, valued at approximately $2,347,141.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ChargePoint news, Director Michael Linse sold 100,000 shares of ChargePoint stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $1.94, for a total transaction of $194,000.00. Following the completion of the sale, the director now owns 1,209,867 shares of the company’s stock, valued at approximately $2,347,141.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mansi Khetani sold 19,035 shares of ChargePoint stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1.87, for a total transaction of $35,595.45. Following the sale, the chief financial officer now directly owns 421,500 shares of the company’s stock, valued at approximately $788,205. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,846 shares of company stock valued at $296,562. Company insiders own 12.90% of the company’s stock.

Wall Street Analyst Weigh In

CHPT has been the topic of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $4.25 price objective on shares of ChargePoint in a research note on Wednesday, March 6th. B. Riley lowered shares of ChargePoint from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.00 to $2.50 in a research note on Thursday, December 7th. HSBC initiated coverage on shares of ChargePoint in a research note on Monday, December 4th. They set a “hold” rating and a $2.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.00 price objective (down previously from $3.50) on shares of ChargePoint in a research note on Wednesday, March 6th. Finally, Citigroup decreased their price target on shares of ChargePoint from $8.25 to $2.40 and set a “neutral” rating on the stock in a research report on Friday, December 8th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, ChargePoint presently has a consensus rating of “Hold” and a consensus price target of $6.17.

Check Out Our Latest Research Report on ChargePoint

ChargePoint Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CHPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ChargePoint Holdings, Inc. (NYSE:CHPTFree Report).

Institutional Ownership by Quarter for ChargePoint (NYSE:CHPT)

Receive News & Ratings for ChargePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChargePoint and related companies with MarketBeat.com's FREE daily email newsletter.