Cambridge Investment Research Advisors Inc. Has $50,000 Stock Holdings in ChargePoint Holdings, Inc. (NYSE:CHPT)

Cambridge Investment Research Advisors Inc. cut its stake in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 26.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,236 shares of the company’s stock after selling 29,215 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in ChargePoint were worth $50,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CHPT. Toronto Dominion Bank acquired a new position in ChargePoint during the fourth quarter valued at approximately $8,746,000. Millennium Management LLC raised its stake in ChargePoint by 13,605.0% in the fourth quarter. Millennium Management LLC now owns 2,857,349 shares of the company’s stock valued at $3,057,000 after buying an additional 2,836,500 shares during the period. Invesco Ltd. raised its stake in ChargePoint by 13.1% in the fourth quarter. Invesco Ltd. now owns 5,029,849 shares of the company’s stock valued at $5,382,000 after buying an additional 583,761 shares during the period. XTX Topco Ltd raised its stake in ChargePoint by 124.0% in the fourth quarter. XTX Topco Ltd now owns 691,636 shares of the company’s stock valued at $740,000 after buying an additional 382,850 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in ChargePoint in the fourth quarter valued at approximately $354,000. 37.77% of the stock is owned by institutional investors and hedge funds.

ChargePoint Price Performance

ChargePoint stock opened at $0.62 on Wednesday. The stock’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $0.75. ChargePoint Holdings, Inc. has a one year low of $0.51 and a one year high of $2.44. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.82 and a quick ratio of 1.12. The firm has a market cap of $285.46 million, a PE ratio of -1.04 and a beta of 2.23.

ChargePoint (NYSE:CHPT) last posted its quarterly earnings data on Wednesday, June 4th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). ChargePoint had a negative return on equity of 131.65% and a negative net margin of 65.79%. The company had revenue of $97.64 million for the quarter, compared to the consensus estimate of $100.43 million. During the same quarter last year, the business earned ($0.11) EPS. As a group, research analysts expect that ChargePoint Holdings, Inc. will post -0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI lowered ChargePoint from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $4.00 to $1.00 in a research note on Monday, March 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a $1.00 price objective on shares of ChargePoint in a research note on Thursday, June 5th. UBS Group dropped their price objective on ChargePoint from $0.70 to $0.65 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group dropped their price target on ChargePoint from $0.75 to $0.50 and set a “sell” rating for the company in a report on Thursday, April 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of ChargePoint in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1.39.

ChargePoint Profile

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.