ChargePoint Holdings, Inc. (NYSE:CHPT) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 187.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,454 shares of the company’s stock after purchasing an additional 67,443 shares during the quarter. International Assets Investment Management LLC’s holdings in ChargePoint were worth $2,420,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in ChargePoint by 12.9% during the 3rd quarter. Vanguard Group Inc. now owns 29,162,249 shares of the company’s stock worth $144,936,000 after buying an additional 3,325,694 shares during the last quarter. BlackRock Inc. lifted its holdings in ChargePoint by 14.6% during the 2nd quarter. BlackRock Inc. now owns 15,217,487 shares of the company’s stock worth $133,762,000 after buying an additional 1,939,710 shares during the last quarter. State Street Corp lifted its holdings in ChargePoint by 5.7% during the 2nd quarter. State Street Corp now owns 4,286,364 shares of the company’s stock worth $37,677,000 after buying an additional 229,805 shares during the last quarter. Geode Capital Management LLC lifted its holdings in ChargePoint by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,942,418 shares of the company’s stock worth $34,654,000 after buying an additional 301,687 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in ChargePoint by 43.5% during the 3rd quarter. Morgan Stanley now owns 3,507,733 shares of the company’s stock worth $17,433,000 after buying an additional 1,063,302 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.

ChargePoint Stock Down 1.1 %

Shares of CHPT stock opened at $1.37 on Friday. ChargePoint Holdings, Inc. has a 1 year low of $1.34 and a 1 year high of $10.10. The stock has a market cap of $570.61 million, a PE ratio of -1.10 and a beta of 1.62. The business’s fifty day moving average is $1.86 and its 200-day moving average is $2.28. 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 (NYSE:CHPT) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. ChargePoint had a negative return on equity of 125.19% and a negative net margin of 90.32%. The company had revenue of $115.83 million for the quarter, compared to analysts’ expectations of $126.48 million. Equities analysts expect that ChargePoint Holdings, Inc. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHPT. Oppenheimer reaffirmed a “market perform” rating on shares of ChargePoint in a report on Wednesday, March 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 price target (down previously from $3.50) on shares of ChargePoint in a report on Wednesday, March 6th. R. F. Lafferty cut their price target on ChargePoint from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. DA Davidson reissued a “buy” rating and issued a $4.00 price target on shares of ChargePoint in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $1.50 price target (down previously from $2.00) on shares of ChargePoint in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, ChargePoint currently has an average rating of “Hold” and a consensus target price of $6.14.

Insider Activity

In other news, Director Michael Linse sold 100,000 shares of ChargePoint 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 directly owns 1,209,867 shares in the company, valued at approximately $2,347,141.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Mansi Khetani sold 19,035 shares of ChargePoint 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 directly owns 421,500 shares in the company, valued at approximately $788,205. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Linse sold 100,000 shares of ChargePoint stock in a transaction on Thursday, March 7th. The stock was 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 owns 1,209,867 shares in the company, valued at $2,347,141.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,846 shares of company stock worth $296,562. 12.90% of the stock is owned by company insiders.

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.