Susquehanna Fundamental Investments LLC Sells 69,572 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

Susquehanna Fundamental Investments LLC cut its holdings in ChargePoint Holdings, Inc. (NYSE:CHPT) by 51.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,323 shares of the company’s stock after selling 69,572 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in ChargePoint were worth $100,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Treasurer of the State of North Carolina boosted its holdings in ChargePoint by 3.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 136,113 shares of the company’s stock worth $319,000 after buying an additional 4,910 shares during the last quarter. Quadrature Capital Ltd acquired a new position in ChargePoint during the fourth quarter valued at approximately $1,257,000. Clarity Capital Partners LLC bought a new stake in ChargePoint in the fourth quarter valued at approximately $310,000. Bouvel Investment Partners LLC raised its holdings in ChargePoint by 138.8% in the first quarter. Bouvel Investment Partners LLC now owns 303,264 shares of the company’s stock worth $576,000 after purchasing an additional 176,246 shares during the period. Finally, O ROURKE & COMPANY Inc boosted its position in shares of ChargePoint by 39.7% during the first quarter. O ROURKE & COMPANY Inc now owns 34,048 shares of the company’s stock worth $65,000 after purchasing an additional 9,668 shares in the last quarter. Institutional investors and hedge funds own 37.77% of the company’s stock.

ChargePoint Stock Up 4.4 %

CHPT stock opened at $1.42 on Friday. The company has a market cap of $612.84 million, a price-to-earnings ratio of -1.20 and a beta of 1.69. ChargePoint Holdings, Inc. has a twelve month low of $1.21 and a twelve month high of $4.62. The business has a 50 day moving average price of $1.63 and a two-hundred day moving average price of $1.68. The company has a quick ratio of 1.32, a current ratio of 2.03 and a debt-to-equity ratio of 1.24.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on CHPT. Royal Bank of Canada lowered their price objective on shares of ChargePoint from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Thursday, September 5th. Capital One Financial raised ChargePoint to a “strong-buy” rating in a research report on Tuesday, September 17th. Needham & Company LLC decreased their price objective on ChargePoint from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. TD Cowen downgraded shares of ChargePoint from a “buy” rating to a “hold” rating and dropped their target price for the stock from $3.00 to $2.00 in a report on Thursday, September 5th. Finally, Evercore ISI reduced their price target 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ChargePoint has an average rating of “Hold” and an average target price of $3.39.

Insider Activity

In related news, CEO Richard Wilmer sold 27,252 shares of ChargePoint stock in a transaction dated 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 approximately $3,111,060.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 value of $36,790.20. Following the completion of the sale, the chief executive officer now directly owns 2,304,489 shares of the company’s stock, valued at $3,111,060.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mansi Khetani sold 23,409 shares of the business’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 value of $31,602.15. Following the transaction, the chief financial officer now directly owns 849,084 shares in the company, valued at $1,146,263.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,515 shares of company stock valued at $100,595. 3.50% 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 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.