Eric Batill Sells 2,695 Shares of ChargePoint (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) General Counsel Eric Batill sold 2,695 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $5.30, for a total value of $14,283.50. Following the transaction, the general counsel directly owned 78,610 shares of the company’s stock, valued at $416,633. This represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Eric Batill also recently made the following trade(s):

• On Tuesday, December 23rd, Eric Batill sold 2,976 shares of ChargePoint stock. The shares were sold at an average price of $6.98, for a total transaction of $20,772.48.

ChargePoint Stock Down 0.9%

Shares of ChargePoint stock opened at $5.30 on Wednesday. ChargePoint Holdings, Inc. has a 1 year low of $5.20 and a 1 year high of $17.78. The firm has a market cap of $125.35 million, a price-to-earnings ratio of -0.57 and a beta of 1.40. The company has a 50-day moving average of $6.08 and a 200 day moving average of $8.23. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.59 and a quick ratio of 0.93.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHPT shares. B. Riley Financial lowered their target price on shares of ChargePoint from $11.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, March 13th. UBS Group cut their price target on ChargePoint from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. 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. JPMorgan Chase & Co. dropped their target price on ChargePoint from $8.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, March 5th. Finally, Roth Mkm set a $8.50 target price on ChargePoint and gave the stock a “neutral” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $9.89.

Institutional Trading of ChargePoint

Several institutional investors have recently added to or reduced their stakes in CHPT. Pilgrim Partners Asia Pte Ltd raised its position in ChargePoint by 56.4% in the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock worth $57,000 after buying an additional 3,100 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of ChargePoint by 233.3% during the 4th 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. BNP Paribas Financial Markets grew its stake in shares of ChargePoint by 26.8% in the third quarter. BNP Paribas Financial Markets now owns 43,534 shares of the company’s stock worth $475,000 after acquiring an additional 9,208 shares during the period. Hsbc Holdings PLC purchased a new position in shares of ChargePoint during the fourth quarter valued at approximately $73,000. Finally, EFG International AG purchased a new position in shares of ChargePoint during the fourth quarter valued at approximately $72,000. 37.77% of the stock is currently owned by hedge funds and other institutional investors.

Key ChargePoint News

Here are the key news stories impacting ChargePoint this week:

• Positive Sentiment: Minor institutional buying: Several funds modestly increased or opened positions in recent quarters (Rothschild, Pilgrim Partners Asia, HSBC, EFG, Price T. Rowe). These purchases are small in dollar terms but show some continued institutional interest. MarketBeat CHPT
• Neutral Sentiment: Company profile and market position: ChargePoint remains a leading EV charging network/hardware & software provider; long-term EV adoption narrative supports strategic relevance but does not offset near-term headwinds. ChargePoint Recalibrates
• Negative Sentiment: Executive insider selling concentrated on March 23: CFO Mansi Khetani sold 2,311 shares, General Counsel Eric Batill sold 2,695 shares, Jagdeep Ca Singh sold 2,562 shares and John David Vice sold 1,117 shares — all at about $5.30 per share. Multiple senior officers trimming positions at current low prices is a near-term negative signal for investor sentiment. InsiderTrades CHPT Jagdeep Sale Eric Batill Sale
• Negative Sentiment: Analyst downgrades and price-target cuts: Multiple firms (JPMorgan, UBS, B. Riley and others) have trimmed targets and the consensus rating trends to “Reduce” with a sub-$10 average target — raising downside risk if revenue/profitability misses continue. MarketBeat Analyst Summary
• Negative Sentiment: Technical and liquidity context: Shares are trading near the 52-week low and below both the 50-day and 200-day moving averages; market cap and thin trading volume increase volatility and reduce the likelihood of a quick recovery absent positive operational news. MarketBeat Performance

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.