International Assets Investment Management LLC Purchases 67,443 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

International Assets Investment Management LLC grew its stake in ChargePoint Holdings, Inc. (NYSE:CHPT) by 187.3% during the 4th quarter, HoldingsChannel reports. The firm owned 103,454 shares of the company’s stock after acquiring an additional 67,443 shares during the quarter. International Assets Investment Management LLC’s holdings in ChargePoint were worth $2,420,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CHPT. Comerica Bank bought a new stake in shares of ChargePoint in the 3rd quarter valued at approximately $26,000. Ballentine Partners LLC bought a new stake in shares of ChargePoint in the 4th quarter valued at approximately $34,000. Hollencrest Capital Management boosted its holdings in shares of ChargePoint by 162.2% in the 1st quarter. Hollencrest Capital Management now owns 3,395 shares of the company’s stock worth $36,000 after acquiring an additional 2,100 shares in the last quarter. Trium Capital LLP acquired a new position in shares of ChargePoint in the 1st quarter worth approximately $37,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of ChargePoint in the 1st quarter worth approximately $39,000. 37.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHPT has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “sell” rating and issued a $1.50 target price (down from $2.00) on shares of ChargePoint in a report on Tuesday, April 9th. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of ChargePoint in a report on Thursday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 target price (down from $3.50) on shares of ChargePoint in a report on Wednesday, March 6th. DA Davidson reissued a “buy” rating and issued a $4.00 target price on shares of ChargePoint in a report on Wednesday, March 6th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of ChargePoint in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, ChargePoint presently has a consensus rating of “Hold” and a consensus target price of $6.14.

ChargePoint Stock Performance

CHPT stock opened at $1.37 on Friday. The business’s fifty day moving average is $1.86 and its 200-day moving average is $2.28. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.87. The company has a market cap of $570.61 million, a P/E ratio of -1.10 and a beta of 1.62. ChargePoint Holdings, Inc. has a twelve month low of $1.34 and a twelve month high of $10.10.

ChargePoint (NYSE:CHPT) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.19) earnings per share 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 forecast that ChargePoint Holdings, Inc. will post -0.63 EPS for the current year.

Insider Activity at ChargePoint

In related news, 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 completion of the sale, the director now owns 1,209,867 shares in the company, valued at approximately $2,347,141.98. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, 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 completion of the sale, the director now owns 1,209,867 shares in the company, valued at approximately $2,347,141.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mansi Khetani sold 19,035 shares of the company’s 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 completion of the sale, the chief financial officer now owns 421,500 shares of the company’s stock, valued at approximately $788,205. The disclosure for this sale can be found here. Insiders sold a total of 154,846 shares of company stock worth $296,562 in the last quarter. Corporate insiders own 12.90% of the company’s stock.

About ChargePoint

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.