Investment Analysts’ Weekly Ratings Updates for ChargePoint (CHPT)

ChargePoint (NYSE: CHPT) has recently received a number of price target changes and ratings updates:

• 3/10/2025 – ChargePoint had its price target lowered by analysts at Stifel Nicolaus from $2.00 to $1.00. They now have a “hold” rating on the stock.
• 3/5/2025 – ChargePoint was given a new $1.50 price target on by analysts at UBS Group AG.
• 3/5/2025 – ChargePoint had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 2/20/2025 – ChargePoint had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $1.00 to $0.75. They now have a “sell” rating on the stock.

ChargePoint Trading Down 1.8 %

NYSE:CHPT opened at $0.67 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.94 and a quick ratio of 1.24. ChargePoint Holdings, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $2.44. The stock’s 50-day moving average is $0.89 and its two-hundred day moving average is $1.16. The stock has a market cap of $295.04 million, a PE ratio of -0.90 and a beta of 1.85.

ChargePoint (NYSE:CHPT) last released its 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 for the quarter, compared to analysts’ expectations of $100.99 million. As a group, equities research analysts forecast that ChargePoint Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at ChargePoint

In related news, CAO Henrik Gerdes sold 28,536 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $1.14, for a total value of $32,531.04. Following the completion of the sale, the chief accounting officer now owns 362,060 shares of the company’s stock, valued at approximately $412,748.40. The trade was a 7.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mansi Khetani sold 22,038 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $25,123.32. Following the completion of the sale, the chief financial officer now directly owns 1,230,305 shares of the company’s stock, valued at approximately $1,402,547.70. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,148 shares of company stock valued at $99,349 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ChargePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in ChargePoint by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,072,168 shares of the company’s stock worth $12,432,000 after purchasing an additional 399,070 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of ChargePoint during the third quarter worth approximately $2,570,000. Franklin Resources Inc. acquired a new position in shares of ChargePoint during the third quarter worth approximately $117,000. State Street Corp lifted its holdings in shares of ChargePoint by 1.4% during the third quarter. State Street Corp now owns 10,297,421 shares of the company’s stock worth $14,107,000 after buying an additional 142,767 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of ChargePoint by 23.4% during the third quarter. FMR LLC now owns 150,705 shares of the company’s stock worth $206,000 after buying an additional 28,602 shares during the last quarter. 37.77% of the stock is currently owned by institutional investors and hedge funds.

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.