International Assets Investment Management LLC Purchases 14,963 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

International Assets Investment Management LLC grew its stake in ChargePoint Holdings, Inc. (NYSE:CHPT) by 32.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,403 shares of the company’s stock after acquiring an additional 14,963 shares during the quarter. International Assets Investment Management LLC’s holdings in ChargePoint were worth $830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Trust Direct Indexing L.P. bought a new stake in ChargePoint during the 1st quarter worth approximately $92,000. Capstone Investment Advisors LLC acquired a new stake in ChargePoint in the 1st quarter valued at about $238,000. SG Americas Securities LLC raised its stake in shares of ChargePoint by 51.6% in the first quarter. SG Americas Securities LLC now owns 109,240 shares of the company’s stock worth $208,000 after acquiring an additional 37,180 shares during the last quarter. Swiss National Bank raised its stake in shares of ChargePoint by 23.2% in the first quarter. Swiss National Bank now owns 742,900 shares of the company’s stock worth $1,412,000 after acquiring an additional 139,700 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of ChargePoint during the first quarter worth approximately $258,000. 37.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wolfe Research assumed coverage on ChargePoint in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Evercore ISI decreased their price objective on ChargePoint from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reduced their target price on shares of ChargePoint from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut ChargePoint from an “overweight” rating to an “underweight” rating in a research note on Thursday, October 3rd. Finally, UBS Group lowered their price target on shares of ChargePoint from $1.80 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.61.

ChargePoint Price Performance

CHPT stock opened at $1.33 on Tuesday. ChargePoint Holdings, Inc. has a 1 year low of $1.20 and a 1 year high of $3.54. The stock has a market cap of $574.00 million, a price-to-earnings ratio of -1.34 and a beta of 1.70. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.03 and a quick ratio of 1.32. The company has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $1.62.

ChargePoint (NYSE:CHPT) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, meeting analysts’ consensus estimates of ($0.15). The company had revenue of $108.54 million for the quarter, compared to analyst estimates 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.

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.