Richard Wilmer Acquires 46,847 Shares of ChargePoint (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) CEO Richard Wilmer acquired 46,847 shares of the business’s stock in a transaction on Monday, April 13th. The shares were bought at an average price of $5.34 per share, with a total value of $250,162.98. Following the completion of the transaction, the chief executive officer directly owned 511,224 shares of the company’s stock, valued at approximately $2,729,936.16. The trade was a 10.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

ChargePoint Stock Up 15.3%

NYSE CHPT opened at $6.26 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 10.73. ChargePoint Holdings, Inc. has a 1-year low of $4.44 and a 1-year high of $17.78. The company has a 50 day moving average of $5.63 and a 200-day moving average of $7.64. The company has a market cap of $148.05 million, a price-to-earnings ratio of -0.67 and a beta of 1.48.

Analyst Ratings Changes

CHPT has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price target on shares of ChargePoint from $9.00 to $6.50 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a research report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of ChargePoint from $8.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, March 5th. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.00 price target on shares of ChargePoint in a research report on Thursday, January 15th. Finally, Wall Street Zen upgraded shares of ChargePoint from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, ChargePoint has a consensus rating of “Reduce” and a consensus target price of $8.63.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its stake in ChargePoint by 233.3% in the fourth quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock valued at $33,000 after acquiring an additional 3,500 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in ChargePoint in the third quarter valued at approximately $60,000. Hsbc Holdings PLC bought a new position in ChargePoint in the fourth quarter valued at approximately $73,000. EFG International AG bought a new position in ChargePoint in the fourth quarter valued at approximately $72,000. Finally, Price T Rowe Associates Inc. MD bought a new position in ChargePoint in the fourth quarter valued at approximately $125,000. 37.77% of the stock is owned by institutional investors.

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.