14,000 Shares in ChargePoint Holdings, Inc. (NYSE:CHPT) Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC purchased a new position in ChargePoint Holdings, Inc. (NYSE:CHPT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,000 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds also recently modified their holdings of CHPT. Comerica Bank acquired a new stake in ChargePoint in the third quarter valued at about $26,000. Ballentine Partners LLC acquired a new stake in ChargePoint in the fourth quarter valued at about $34,000. Hollencrest Capital Management boosted its stake in shares of ChargePoint by 162.2% during the first quarter. Hollencrest Capital Management now owns 3,395 shares of the company’s stock valued at $36,000 after purchasing an additional 2,100 shares in the last quarter. Trium Capital LLP acquired a new stake in shares of ChargePoint during the first quarter valued at about $37,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of ChargePoint during the first quarter valued at about $39,000. Institutional investors own 37.77% of the company’s stock.

ChargePoint Stock Performance

Shares of ChargePoint stock opened at $1.61 on Monday. The stock has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $2.37. ChargePoint Holdings, Inc. has a 12-month low of $1.56 and a 12-month high of $10.10. The company has a current ratio of 2.25, a quick ratio of 1.65 and a debt-to-equity ratio of 0.87.

ChargePoint (NYSE:CHPT) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $115.83 million during the quarter, compared to the consensus estimate of $126.48 million. Sell-side analysts expect that ChargePoint Holdings, Inc. will post -0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ChargePoint news, Director Michael Linse sold 100,000 shares of the business’s stock in a transaction 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 owns 1,209,867 shares of the company’s stock, valued at $2,347,141.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Richard Wilmer sold 25,376 shares of the company’s stock in a transaction 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 owns 2,359,462 shares of the company’s stock, valued at approximately $4,412,193.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Linse sold 100,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were 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 approximately $2,347,141.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,846 shares of company stock valued at $296,562. Insiders own 12.90% of the company’s stock.

Analyst Upgrades and Downgrades

CHPT has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and set a $4.25 price target on shares of ChargePoint in a research note on Wednesday, March 6th. R. F. Lafferty cut their price target on ChargePoint from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. DA Davidson reissued a “buy” rating and set a $4.00 price target on shares of ChargePoint in a research note on Wednesday, March 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.00 price target (down from $3.50) on shares of ChargePoint in a research note on Wednesday, March 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of ChargePoint in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.14.

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.