91,417 Shares in ChargePoint Holdings, Inc. (NYSE:CHPT) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in ChargePoint Holdings, Inc. (NYSE:CHPT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 91,417 shares of the company’s stock, valued at approximately $138,000.

Several other hedge funds also recently bought and sold shares of CHPT. CIBC Asset Management Inc raised its holdings in shares of ChargePoint by 50.7% during the 2nd quarter. CIBC Asset Management Inc now owns 17,145 shares of the company’s stock valued at $26,000 after purchasing an additional 5,770 shares in the last quarter. Hsbc Holdings PLC increased its position in ChargePoint by 41.4% during the second quarter. Hsbc Holdings PLC now owns 26,397 shares of the company’s stock worth $39,000 after buying an additional 7,723 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in ChargePoint by 6.1% during the first quarter. Public Employees Retirement System of Ohio now owns 136,355 shares of the company’s stock valued at $259,000 after buying an additional 7,838 shares in the last quarter. Capital Square LLC lifted its position in shares of ChargePoint by 47.4% in the first quarter. Capital Square LLC now owns 24,880 shares of the company’s stock worth $47,000 after buying an additional 8,000 shares during the last quarter. Finally, PFG Investments LLC boosted its stake in shares of ChargePoint by 32.2% during the 2nd quarter. PFG Investments LLC now owns 34,102 shares of the company’s stock worth $51,000 after acquiring an additional 8,297 shares in the last quarter. 37.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CHPT shares. Needham & Company LLC cut their price objective on ChargePoint from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut shares of ChargePoint from an “overweight” rating to an “underweight” rating in a research note on Thursday, October 3rd. Evercore ISI decreased their price objective on shares of ChargePoint from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Royal Bank of Canada dropped their target price on shares of ChargePoint from $3.00 to $2.50 and set a “sector perform” rating on the stock in a report on Thursday, September 5th. Finally, Benchmark restated a “buy” rating and set a $3.00 price target on shares of ChargePoint in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ChargePoint currently has a consensus rating of “Hold” and a consensus target price of $2.65.

Insider Activity

In related news, CEO Richard Wilmer sold 27,252 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total transaction of $36,790.20. Following the completion of the transaction, the chief executive officer now owns 2,304,489 shares in the company, valued at $3,111,060.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ChargePoint news, CFO Mansi Khetani sold 23,409 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $1.35, for a total transaction of $31,602.15. Following the sale, the chief financial officer now directly owns 849,084 shares of the company’s stock, valued at approximately $1,146,263.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Wilmer sold 27,252 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total transaction of $36,790.20. Following the sale, the chief executive officer now directly owns 2,304,489 shares of the company’s stock, valued at approximately $3,111,060.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,803 shares of company stock worth $135,295. Company insiders own 3.50% of the company’s stock.

ChargePoint Stock Down 2.9 %

Shares of CHPT stock opened at $1.32 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 2.03 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.65. ChargePoint Holdings, Inc. has a one year low of $1.21 and a one year high of $3.54.

ChargePoint (NYSE:CHPT) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The company had revenue of $108.54 million during the quarter, compared to the consensus estimate of $114.15 million. ChargePoint had a negative net margin of 89.12% and a negative return on equity of 112.67%. Research analysts anticipate that ChargePoint Holdings, Inc. will post -0.56 EPS for the current fiscal year.

ChargePoint 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.