Dorsey & Whitney Trust CO LLC Acquires 13,383 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

Dorsey & Whitney Trust CO LLC grew its holdings in shares of ChargePoint Holdings, Inc. (NYSE:CHPTFree Report) by 28.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,880 shares of the company’s stock after acquiring an additional 13,383 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in ChargePoint were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Balentine LLC purchased a new stake in ChargePoint in the 4th quarter worth approximately $26,000. QRG Capital Management Inc. bought a new position in ChargePoint in the 3rd quarter worth approximately $58,000. Hollencrest Capital Management bought a new stake in shares of ChargePoint during the third quarter valued at approximately $60,000. RWA Wealth Partners LLC purchased a new position in shares of ChargePoint in the fourth quarter worth $31,000. Finally, Sigma Planning Corp purchased a new position in shares of ChargePoint in the fourth quarter worth $33,000. 37.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ChargePoint

In other ChargePoint news, Director Michael Linse sold 100,000 shares of the stock in a transaction dated 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 directly 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 is accessible through this link. In related news, CFO Mansi Khetani sold 19,035 shares of the business’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 $35,595.45. Following the transaction, the chief financial officer now directly owns 421,500 shares in the company, valued at approximately $788,205. The sale 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 stock in a transaction dated 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 of the company’s stock, valued at $2,347,141.98. The disclosure for this sale can be found here. Insiders have sold 154,846 shares of company stock worth $296,562 over the last quarter. Insiders own 3.50% of the company’s stock.

ChargePoint Stock Performance

Shares of CHPT stock opened at $1.65 on Tuesday. 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 firm has a market cap of $698.54 million, a price-to-earnings ratio of -1.33 and a beta of 1.73. The company’s 50 day moving average is $1.66 and its 200 day moving average is $1.93. ChargePoint Holdings, Inc. has a 52-week low of $1.21 and a 52-week high of $10.10.

ChargePoint (NYSE:CHPTGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. The firm had revenue of $115.83 million during the quarter, compared to analyst estimates of $126.48 million. ChargePoint had a negative return on equity of 125.19% and a negative net margin of 90.32%. On average, sell-side analysts anticipate that ChargePoint Holdings, Inc. will post -0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHPT. Benchmark reaffirmed a “buy” rating and set a $4.25 price objective on shares of ChargePoint in a report on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of ChargePoint in a research note on Thursday, April 4th. The Goldman Sachs Group restated 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. Oppenheimer reiterated a “market perform” rating on shares of ChargePoint in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $3.00 target price (down from $3.50) on shares of ChargePoint in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.46.

Check Out Our Latest Stock Report on ChargePoint

About ChargePoint

(Free Report)

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.

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Institutional Ownership by Quarter for ChargePoint (NYSE:CHPT)

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