Ballentine Partners LLC Invests $34,000 in ChargePoint Holdings, Inc. (NYSE:CHPT)

Ballentine Partners LLC purchased a new position in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 14,659 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors also recently modified their holdings of CHPT. Comerica Bank acquired a new position in shares of ChargePoint during the 3rd quarter worth $26,000. Hollencrest Capital Management raised its holdings in shares of ChargePoint by 162.2% during the 1st quarter. Hollencrest Capital Management now owns 3,395 shares of the company’s stock worth $36,000 after buying an additional 2,100 shares in the last quarter. Trium Capital LLP acquired a new position in shares of ChargePoint during the 1st quarter worth $37,000. Dark Forest Capital Management LP bought a new stake in ChargePoint during the 1st quarter worth $39,000. Finally, Jeppson Wealth Management LLC bought a new stake in ChargePoint during the 4th quarter worth $40,000. Institutional investors and hedge funds own 37.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $4.00 price objective on shares of ChargePoint in a research report on Wednesday, March 6th. Benchmark restated a “buy” rating and set a $4.25 price objective on shares of ChargePoint in a research report on Wednesday, March 6th. R. F. Lafferty reduced their price objective on ChargePoint from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of ChargePoint in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $1.50 price objective (down previously from $2.00) on shares of ChargePoint in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.14.

Insider Buying and Selling

In related news, CEO Richard Wilmer sold 25,376 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1.87, for a total transaction of $47,453.12. Following the transaction, the chief executive officer now directly owns 2,359,462 shares of the company’s stock, valued at approximately $4,412,193.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Richard Wilmer sold 25,376 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1.87, for a total transaction of $47,453.12. Following the transaction, the chief executive officer now directly owns 2,359,462 shares of the company’s stock, valued at approximately $4,412,193.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Linse sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $1.94, for a total value of $194,000.00. Following the transaction, the director now directly owns 1,209,867 shares in the company, valued at $2,347,141.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,846 shares of company stock valued at $296,562. 12.90% of the stock is owned by company insiders.

ChargePoint Stock Down 4.3 %

Shares of NYSE:CHPT opened at $1.77 on Wednesday. The company has a market capitalization of $739.91 million, a price-to-earnings ratio of -1.43 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.25 and a quick ratio of 1.65. The business’s 50-day moving average is $1.93 and its 200-day moving average is $2.44. ChargePoint Holdings, Inc. has a 1 year low of $1.56 and a 1 year high of $10.10.

ChargePoint (NYSE:CHPT) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. ChargePoint had a negative return on equity of 125.19% and a negative net margin of 90.32%. The company had revenue of $115.83 million for the quarter, compared to the consensus estimate of $126.48 million. Equities research analysts predict that ChargePoint Holdings, Inc. will post -0.63 earnings per share for the current year.

ChargePoint 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.