International Assets Investment Management LLC Invests $27,000 in ChargePoint Holdings, Inc. $CHPT

International Assets Investment Management LLC bought a new position in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,595 shares of the company’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned approximately 0.17% of ChargePoint at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHPT. Focus Partners Wealth bought a new position in shares of ChargePoint in the first quarter valued at approximately $27,000. Trueblood Wealth Management LLC lifted its holdings in shares of ChargePoint by 100.0% in the second quarter. Trueblood Wealth Management LLC now owns 40,000 shares of the company’s stock valued at $28,000 after purchasing an additional 20,000 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of ChargePoint in the first quarter valued at approximately $33,000. Baader Bank Aktiengesellschaft bought a new position in shares of ChargePoint in the first quarter valued at approximately $37,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of ChargePoint by 31.2% in the first quarter. Hsbc Holdings PLC now owns 64,567 shares of the company’s stock valued at $38,000 after purchasing an additional 15,366 shares in the last quarter. 37.77% of the stock is owned by institutional investors.

ChargePoint Stock Performance

Shares of CHPT stock opened at $11.04 on Monday. The stock has a market capitalization of $257.78 million, a P/E ratio of -0.95 and a beta of 2.56. The company has a current ratio of 1.67, a quick ratio of 1.00 and a debt-to-equity ratio of 4.38. The firm’s 50 day moving average is $11.17 and its 200 day moving average is $12.35. ChargePoint Holdings, Inc. has a 12 month low of $8.55 and a 12 month high of $30.00.

Analyst Upgrades and Downgrades

CHPT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of ChargePoint from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, September 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of ChargePoint in a research report on Thursday, September 4th. UBS Group set a $12.00 price objective on shares of ChargePoint and gave the stock a “neutral” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ChargePoint in a research report on Friday. Finally, Roth Capital set a $11.00 price objective on shares of ChargePoint and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, ChargePoint currently has an average rating of “Reduce” and a consensus price target of $13.56.

Insider Activity at ChargePoint

In related news, insider John David Vice sold 2,363 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $11.27, for a total transaction of $26,631.01. Following the sale, the insider directly owned 123,615 shares in the company, valued at approximately $1,393,141.05. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 7,426 shares of company stock worth $83,691. Corporate insiders own 3.50% 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 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.