ChargePoint Holdings, Inc. (NYSE:CHPT) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its position in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,090 shares of the company’s stock after purchasing an additional 17,085 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.05% of ChargePoint worth $531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of ChargePoint by 12.9% during the third quarter. Vanguard Group Inc. now owns 29,162,249 shares of the company’s stock worth $144,936,000 after purchasing an additional 3,325,694 shares during the period. Wellington Management Group LLP lifted its holdings in shares of ChargePoint by 418.2% during the third quarter. Wellington Management Group LLP now owns 2,522,247 shares of the company’s stock worth $12,536,000 after purchasing an additional 2,035,496 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of ChargePoint by 160.8% during the third quarter. Kestra Advisory Services LLC now owns 111,982 shares of the company’s stock worth $557,000 after purchasing an additional 69,044 shares during the period. Scotia Capital Inc. lifted its holdings in shares of ChargePoint by 82.2% during the third quarter. Scotia Capital Inc. now owns 36,930 shares of the company’s stock worth $184,000 after purchasing an additional 16,659 shares during the period. Finally, Rafferty Asset Management LLC raised its position in ChargePoint by 121.9% during the third quarter. Rafferty Asset Management LLC now owns 56,631 shares of the company’s stock valued at $281,000 after acquiring an additional 31,106 shares in the last quarter. Institutional investors and hedge funds own 37.77% of the company’s stock.

Insiders Place Their Bets

In other ChargePoint news, Director Michael Linse sold 100,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $1.94, for a total transaction of $194,000.00. Following the transaction, the director now owns 1,209,867 shares of the company’s stock, valued at $2,347,141.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Mansi Khetani sold 19,035 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1.87, for a total value of $35,595.45. Following the transaction, the chief financial officer now owns 421,500 shares of the company’s stock, valued at approximately $788,205. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Linse sold 100,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $1.94, for a total value of $194,000.00. Following the completion of the transaction, the director now directly owns 1,209,867 shares in the company, valued at approximately $2,347,141.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,846 shares of company stock valued at $296,562. Insiders own 12.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CHPT shares. R. F. Lafferty reduced their price target on ChargePoint from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of ChargePoint in a research report on Thursday, April 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $1.50 price target (down from $2.00) on shares of ChargePoint in a research report on Tuesday, April 9th. Oppenheimer reiterated a “market perform” rating on shares of ChargePoint in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $3.00 price target (down from $3.50) on shares of ChargePoint in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.14.

ChargePoint Stock Down 1.1 %

Shares of CHPT opened at $1.39 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.65 and a current ratio of 2.25. ChargePoint Holdings, Inc. has a one year low of $1.34 and a one year high of $10.10. The stock has a market capitalization of $578.97 million, a price-to-earnings ratio of -1.12 and a beta of 1.62. The stock has a 50 day moving average price of $1.87 and a 200 day moving average price of $2.31.

ChargePoint (NYSE:CHPT) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The company had revenue of $115.83 million for the quarter, compared to analyst estimates of $126.48 million. ChargePoint had a negative return on equity of 125.19% and a negative net margin of 90.32%. Equities research analysts forecast that ChargePoint Holdings, Inc. will post -0.63 earnings per share for the current fiscal year.

ChargePoint Company Profile

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. ChargePoint Holdings, Inc was founded in 2007 and is headquartered in Campbell, California.