Royal Bank Of Canada Cuts ChargePoint (NYSE:CHPT) Price Target to $6.50

ChargePoint (NYSE:CHPT) had its price target cut by Royal Bank Of Canada from $9.00 to $6.50 in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have a sector perform rating on the stock.

Other equities analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a research report on Wednesday, January 21st. UBS Group restated a “neutral” rating and issued a $9.00 price target (down from $12.00) on shares of ChargePoint in a research report on Monday, December 22nd. Roth Mkm set a $8.50 price objective on ChargePoint and gave the stock a “neutral” rating in a research note on Friday, December 5th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $5.00 price objective on shares of ChargePoint in a research report on Thursday, January 15th. Finally, B. Riley Financial cut their price objective on ChargePoint from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $11.60.

ChargePoint Stock Down 1.7%

CHPT opened at $5.82 on Thursday. The firm’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $8.74. The company has a market capitalization of $137.64 million, a PE ratio of -0.62 and a beta of 1.40. ChargePoint has a 1-year low of $5.53 and a 1-year high of $17.78. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 8.38.

ChargePoint (NYSE:CHPT) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.07) by ($0.78). The business 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 forecast that ChargePoint will post -0.57 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Mansi Khetani sold 3,943 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $6.99, for a total value of $27,561.57. Following the sale, the chief financial officer directly owned 130,363 shares in the company, valued at $911,237.37. The trade was a 2.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jagdeep Ca Singh sold 4,832 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were 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 in the company, valued at $871,142.73. This represents a 3.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 12,670 shares of company stock worth $88,534. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHPT. Rothschild Investment LLC increased its stake in ChargePoint by 233.3% during the fourth quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,500 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of ChargePoint in the 3rd quarter valued at approximately $60,000. EFG International AG purchased a new position in shares of ChargePoint in the 4th quarter worth approximately $72,000. Price T Rowe Associates Inc. MD purchased a new position in shares of ChargePoint in the 4th quarter worth approximately $125,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of ChargePoint during the 4th quarter valued at approximately $166,000. Hedge funds and other institutional investors own 37.77% of the company’s stock.

Key Headlines Impacting ChargePoint

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

ChargePoint Company Profile

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.