JPMorgan Chase & Co. Cuts ChargePoint (NYSE:CHPT) Price Target to $5.00

ChargePoint (NYSE:CHPT) had its price target cut by JPMorgan Chase & Co. from $8.00 to $5.00 in a research note published on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group restated a “sell” rating and set a $5.00 price objective on shares of ChargePoint in a report on Thursday, January 15th. B. Riley Financial dropped their price target on ChargePoint from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 10th. UBS Group restated a “neutral” rating and set a $9.00 price target (down from $12.00) on shares of ChargePoint in a research note on Monday, December 22nd. Roth Mkm set a $8.50 price objective on ChargePoint and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Royal Bank Of Canada lowered their price objective on shares of ChargePoint from $9.00 to $6.50 and set a “sector perform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $11.60.

ChargePoint Price Performance

Shares of CHPT stock opened at $5.82 on Thursday. The company has a market capitalization of $137.64 million, a P/E ratio of -0.62 and a beta of 1.40. The company’s 50-day simple moving average is $6.45 and its two-hundred day simple moving average is $8.74. ChargePoint has a one year low of $5.53 and a one year high of $17.78. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.59 and a quick ratio of 0.93.

ChargePoint (NYSE:CHPT) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($1.85) earnings per share for the quarter, missing the consensus estimate of ($1.07) by ($0.78). The company had revenue of $109.32 million for the quarter, compared to the consensus estimate of $104.85 million. ChargePoint had a negative net margin of 53.55% and a negative return on equity of 226.42%. As a group, equities analysts anticipate that ChargePoint will post -0.57 EPS for the current year.

Insiders Place Their Bets

In other ChargePoint news, insider Jagdeep Ca Singh sold 4,832 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $6.99, for a total transaction of $33,775.68. Following the sale, the insider owned 124,627 shares of the company’s stock, valued at approximately $871,142.73. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mansi Khetani sold 3,943 shares of ChargePoint stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $6.99, for a total value of $27,561.57. Following the completion of the transaction, the chief financial officer owned 130,363 shares in the company, valued at $911,237.37. This represents a 2.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 12,670 shares of company stock valued at $88,534. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On ChargePoint

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of ChargePoint by 6,429.1% during the first quarter. AQR Capital Management LLC now owns 2,679,217 shares of the company’s stock valued at $1,553,000 after buying an additional 2,638,182 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of ChargePoint by 61.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,790,823 shares of the company’s stock worth $2,293,000 after acquiring an additional 1,448,114 shares in the last quarter. Soviero Asset Management LP bought a new position in shares of ChargePoint during the 2nd quarter worth approximately $633,000. Brevan Howard Capital Management LP purchased a new stake in ChargePoint during the second quarter valued at approximately $517,000. Finally, Qube Research & Technologies Ltd purchased a new stake in ChargePoint during the second quarter valued at approximately $518,000. 37.77% of the stock is currently owned by institutional investors.

More ChargePoint News

Here are the key news stories impacting ChargePoint this week:

• Positive Sentiment: Q4 revenue beat and year‑over‑year growth; sales (≈$109M) topped estimates and subscription/networked‑charging trends improved, showing demand momentum. ChargePoint Q4 Earnings Beat Estimates
• Positive Sentiment: Operational progress: company reported narrower losses versus prior periods and highlighted network/user growth and subscription revenue gains — signs of improving unit economics over time. Q4 Earnings Call Highlights
• Neutral Sentiment: Full earnings and investor-call transcripts are available for detailed read‑throughs of management commentary and guidance assumptions. MSN: Q4 Earnings Call Transcript
• Neutral Sentiment: Additional call transcripts and analyst summaries (Seeking Alpha, The Motley Fool) provide more color on seasonality and working capital dynamics. Seeking Alpha: Q4 Transcript
• Negative Sentiment: Weak Q1/FY guidance: management issued Q1 revenue guidance well below Street expectations (guidance centered near ~$95M vs. higher consensus), which drove immediate downward pressure on the stock. Q4 Sales Top Estimates But Stock Drops
• Negative Sentiment: Analyst downgrades / price‑target cuts followed earnings: JPMorgan cut its PT and moved to underweight; RBC lowered its PT and trimmed its view — increasing downside risk in the near term. Price Target Cuts Report
• Negative Sentiment: Cash & capital concerns: coverage highlights persistent operating losses, seasonal working capital swings and the likelihood of future capital raises unless profitability improves — a key risk for valuation and share stability. Seeking Alpha: The Misery Continues
• Negative Sentiment: Market reaction: several outlets note the stock sold off after the weak guidance despite the revenue beat — consensus view is cautious until guidance and cash trajectory look firmer. Why CHPT Shares Are Trading Lower

About ChargePoint

ChargePoint (NYSE: CHPT) is a leading provider of electric vehicle (EV) charging solutions that designs, develops and markets charging hardware, software and services. The company’s portfolio includes Level 2 AC charging stations for residential, commercial and fleet applications, as well as DC fast charging systems suited for retail, hospitality and public use. ChargePoint’s integrated platform enables site hosts to manage charging infrastructure through cloud-based monitoring, analytics and billing tools, while EV drivers access and control charging sessions via a mobile app or RFID card.

Since its founding in 2007 and headquarters in Campbell, California, ChargePoint has built one of the largest open EV charging networks in the world.