RWA Wealth Partners LLC Purchases New Shares in ChargePoint Holdings, Inc. (NYSE:CHPT)

RWA Wealth Partners LLC purchased a new stake in ChargePoint Holdings, Inc. (NYSE:CHPT) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 13,074 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sigma Planning Corp acquired a new stake in ChargePoint in the 4th quarter valued at $33,000. Ingalls & Snyder LLC acquired a new stake in ChargePoint during the 4th quarter worth $33,000. International Assets Investment Management LLC boosted its stake in ChargePoint by 187.3% during the 4th quarter. International Assets Investment Management LLC now owns 103,454 shares of the company’s stock worth $2,420,000 after purchasing an additional 67,443 shares during the last quarter. O ROURKE & COMPANY Inc boosted its stake in ChargePoint by 34.2% during the 4th quarter. O ROURKE & COMPANY Inc now owns 24,380 shares of the company’s stock worth $57,000 after purchasing an additional 6,207 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in ChargePoint during the 4th quarter worth $34,000. Institutional investors and hedge funds own 37.77% of the company’s stock.

ChargePoint Trading Up 0.8 %

NYSE:CHPT opened at $1.27 on Friday. The stock has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $2.18. The company has a current ratio of 2.25, a quick ratio of 1.65 and a debt-to-equity ratio of 0.87. ChargePoint Holdings, Inc. has a 1 year low of $1.21 and a 1 year high of $10.10.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of ChargePoint in a research note on Thursday, April 4th. R. F. Lafferty lowered their price target on ChargePoint from $4.00 to $3.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $1.50 price target (down from $2.00) on shares of ChargePoint in a report on Tuesday, April 9th. DA Davidson reissued a “buy” rating and issued a $4.00 price objective on shares of ChargePoint in a report on Wednesday, March 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 price objective (down from $3.50) on shares of ChargePoint in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.46.

Insider Activity

In other news, Director Michael Linse sold 100,000 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Richard Wilmer sold 25,376 shares of the firm’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 $47,453.12. Following the completion of the transaction, the chief executive officer now owns 2,359,462 shares in the company, valued at $4,412,193.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Linse sold 100,000 shares of the 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 sale, 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. Insiders sold a total of 154,846 shares of company stock worth $296,562 over the last 90 days. 12.90% of the stock is currently owned by corporate insiders.

About ChargePoint

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.