Vanguard Personalized Indexing Management LLC Acquires 15,358 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 152.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,462 shares of the company’s stock after buying an additional 15,358 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in ChargePoint were worth $38,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CHPT. CIBC Asset Management Inc increased its holdings in shares of ChargePoint by 50.7% in the 2nd quarter. CIBC Asset Management Inc now owns 17,145 shares of the company’s stock valued at $26,000 after acquiring an additional 5,770 shares during the period. CreativeOne Wealth LLC bought a new stake in ChargePoint during the first quarter valued at about $30,000. PDS Planning Inc purchased a new position in ChargePoint in the first quarter valued at about $31,000. Perennial Investment Advisors LLC raised its holdings in ChargePoint by 74.4% in the second quarter. Perennial Investment Advisors LLC now owns 24,380 shares of the company’s stock worth $37,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Capital Square LLC lifted its position in shares of ChargePoint by 47.4% during the first quarter. Capital Square LLC now owns 24,880 shares of the company’s stock valued at $47,000 after buying an additional 8,000 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.

ChargePoint Trading Down 5.1 %

NYSE CHPT opened at $1.30 on Wednesday. The stock has a 50-day simple moving average of $1.67 and a two-hundred day simple moving average of $1.69. The company has a current ratio of 2.03, a quick ratio of 1.32 and a debt-to-equity ratio of 1.24. ChargePoint Holdings, Inc. has a fifty-two week low of $1.21 and a fifty-two week high of $5.00.

ChargePoint (NYSE:CHPT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). The company had revenue of $108.54 million during the quarter, compared to the consensus estimate of $114.15 million. ChargePoint had a negative return on equity of 112.67% and a negative net margin of 89.12%. As a group, equities research analysts forecast that ChargePoint Holdings, Inc. will post -0.56 earnings per share for the current year.

Insider Activity at ChargePoint

In other news, CEO Richard Wilmer sold 27,252 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $1.35, for a total transaction of $36,790.20. Following the sale, the chief executive officer now directly owns 2,304,489 shares of the company’s stock, valued at approximately $3,111,060.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Richard Wilmer sold 27,252 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total value of $36,790.20. Following the completion of the sale, the chief executive officer now directly owns 2,304,489 shares in the company, valued at $3,111,060.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mansi Khetani sold 23,409 shares of ChargePoint stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.35, for a total transaction of $31,602.15. Following the completion of the sale, the chief financial officer now directly owns 849,084 shares in the company, valued at approximately $1,146,263.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,515 shares of company stock worth $100,595. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CHPT has been the subject of several recent analyst reports. B. Riley upgraded shares of ChargePoint to a “hold” rating in a research note on Tuesday, June 25th. The Goldman Sachs Group reduced their price target on ChargePoint from $1.50 to $1.25 and set a “sell” rating on the stock in a research report on Friday, September 6th. Royal Bank of Canada lowered their price objective on ChargePoint from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Thursday, September 5th. TD Cowen lowered ChargePoint from a “buy” rating to a “hold” rating and reduced their target price for the company from $3.00 to $2.00 in a research report on Thursday, September 5th. Finally, Capital One Financial upgraded ChargePoint to a “strong-buy” rating in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ChargePoint has an average rating of “Hold” and an average target price of $3.39.

About ChargePoint

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.