ChargePoint (NYSE:CHPT) Insider Jagdeep Ca Singh Sells 5,965 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) insider Jagdeep Singh sold 5,965 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $9.86, for a total value of $58,814.90. Following the completion of the transaction, the insider owned 182,381 shares of the company’s stock, valued at $1,798,276.66. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ChargePoint Trading Up 4.6%

NYSE:CHPT opened at $9.85 on Wednesday. ChargePoint Holdings, Inc. has a 12 month low of $4.44 and a 12 month high of $12.61. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 10.73. The firm’s 50 day moving average is $6.77 and its 200 day moving average is $6.43. The stock has a market capitalization of $264.39 million, a PE ratio of -1.37 and a beta of 1.77.

ChargePoint (NYSE:CHPT) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($1.35) EPS for the quarter, beating analysts’ consensus estimates of ($1.57) by $0.22. ChargePoint had a negative return on equity of 3,366.29% and a negative net margin of 40.59%.The firm had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $105.21 million. Sell-side analysts expect that ChargePoint Holdings, Inc. will post -3.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHPT shares. Needham & Company LLC reissued a “hold” rating on shares of ChargePoint in a research report on Thursday, September 3rd. UBS Group reiterated a “neutral” rating and issued a $9.00 price objective (up from $8.00) on shares of ChargePoint in a research note on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of ChargePoint in a report on Friday, July 17th. Oppenheimer restated a “market perform” rating on shares of ChargePoint in a research report on Thursday, September 3rd. Finally, TD Cowen reaffirmed a “hold” rating on shares of ChargePoint in a report on Thursday, September 3rd. Seven research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, ChargePoint has a consensus rating of “Reduce” and a consensus price target of $7.07.

More ChargePoint News

Here are the key news stories impacting ChargePoint this week:

• Neutral Sentiment: UBS raised its ChargePoint price target to $9 from $8 and increased its fiscal 2027–2029 revenue forecasts after the company reported second-quarter revenue of $116 million, ahead of both consensus and UBS estimates. The brokerage also noted that adjusted EBITDA losses were significantly narrower than expected, suggesting progress toward profitability, but it maintained a “neutral” rating. The new target is also below the stock’s recent trading level, limiting the bullish impact. ChargePoint gets price target raise from UBS after strong second-quarter results
• Neutral Sentiment: ChargePoint General Counsel Eric Batill sold 4,302 shares, CFO Mansi Khetani sold 4,931 shares, insider Jagdeep Singh sold 5,965 shares, and Chief Accounting Officer Natella Novruzova sold 1,484 shares. The combined sales were valued at approximately $164,500. Each filing stated that the shares were sold to cover tax-withholding obligations when equity awards vested, reducing the likelihood that the transactions reflect diminished confidence in the business. ChargePoint insider transaction filings

Institutional Investors Weigh In On ChargePoint

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in ChargePoint by 12,808.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 237,906 shares of the company’s stock worth $1,580,000 after buying an additional 236,063 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of ChargePoint by 77.7% in the 1st quarter. Renaissance Technologies LLC now owns 144,059 shares of the company’s stock valued at $700,000 after acquiring an additional 63,000 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of ChargePoint during the 2nd quarter valued at about $344,000. Squarepoint Ops LLC grew its holdings in shares of ChargePoint by 70.8% during the second quarter. Squarepoint Ops LLC now owns 25,242 shares of the company’s stock worth $149,000 after purchasing an additional 10,464 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of ChargePoint by 40.0% in the first quarter. Hsbc Holdings PLC now owns 15,220 shares of the company’s stock worth $75,000 after purchasing an additional 4,352 shares during the last quarter. Hedge funds and other institutional investors own 37.77% of the company’s stock.

About ChargePoint

ChargePoint Holdings, Inc operates an electric vehicle (EV) charging network and provides charging hardware, software and related services. Its platform is designed to support drivers, businesses, fleet operators, property owners and other organizations managing EV charging infrastructure.

The company offers Level 2 and DC fast-charging stations, cloud-based software for monitoring and managing charging activity, payment and access tools, and services such as installation, maintenance and customer support.