ChargePoint Holdings, Inc. (NYSE:CHPT) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in ChargePoint Holdings, Inc. (NYSE:CHPT) by 29.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,843 shares of the company’s stock after purchasing an additional 36,026 shares during the quarter. Intech Investment Management LLC’s holdings in ChargePoint were worth $171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHPT. Charles Schwab Investment Management Inc. grew its stake in shares of ChargePoint by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,251,029 shares of the company’s stock worth $4,454,000 after acquiring an additional 219,426 shares during the last quarter. FMR LLC grew its position in ChargePoint by 23.4% during the 3rd quarter. FMR LLC now owns 150,705 shares of the company’s stock worth $206,000 after purchasing an additional 28,602 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in ChargePoint by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 489,482 shares of the company’s stock valued at $671,000 after purchasing an additional 39,455 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of ChargePoint by 129.1% in the third quarter. MetLife Investment Management LLC now owns 228,799 shares of the company’s stock worth $313,000 after buying an additional 128,919 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ChargePoint by 5.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,722,181 shares of the company’s stock worth $2,359,000 after buying an additional 89,234 shares during the period. 37.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHPT has been the subject of a number of research analyst reports. UBS Group set a $1.50 target price on ChargePoint in a research note on Wednesday, March 5th. Needham & Company LLC restated a “hold” rating on shares of ChargePoint in a research note on Wednesday, March 5th. Stifel Nicolaus dropped their target price on ChargePoint from $2.00 to $1.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group reduced their price target on shares of ChargePoint from $1.00 to $0.75 and set a “sell” rating for the company in a research report on Thursday, February 20th. Finally, Royal Bank of Canada dropped their price objective on shares of ChargePoint from $2.50 to $2.00 and set a “sector perform” rating on the stock in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.03.

ChargePoint Stock Down 0.9 %

CHPT opened at $0.66 on Friday. The company has a fifty day moving average of $0.79 and a two-hundred day moving average of $1.09. The stock has a market capitalization of $293.27 million, a price-to-earnings ratio of -0.90 and a beta of 1.85. ChargePoint Holdings, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $2.44. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.24 and a current ratio of 1.94.

ChargePoint (NYSE:CHPT) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). ChargePoint had a negative net margin of 72.62% and a negative return on equity of 106.28%. The business had revenue of $101.89 million during the quarter, compared to analysts’ expectations of $100.99 million. On average, research analysts expect that ChargePoint Holdings, Inc. will post -0.57 earnings per share for the current year.

ChargePoint Company Profile

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.