ChargePoint Holdings, Inc. (NYSE:CHPT) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its stake in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 806,400 shares of the company’s stock after acquiring an additional 17,600 shares during the period. Swiss National Bank’s holdings in ChargePoint were worth $863,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Callan Family Office LLC acquired a new stake in shares of ChargePoint during the 4th quarter worth $45,000. Strategic Investment Advisors MI purchased a new stake in ChargePoint during the fourth quarter valued at about $46,000. Jones Financial Companies Lllp increased its stake in ChargePoint by 61.1% during the fourth quarter. Jones Financial Companies Lllp now owns 45,021 shares of the company’s stock worth $48,000 after acquiring an additional 17,075 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of ChargePoint by 131.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 36,628 shares of the company’s stock worth $50,000 after purchasing an additional 20,773 shares during the period. Finally, Jeppson Wealth Management LLC lifted its stake in shares of ChargePoint by 32.8% in the 4th quarter. Jeppson Wealth Management LLC now owns 57,025 shares of the company’s stock valued at $61,000 after purchasing an additional 14,085 shares in the last quarter. Institutional investors and hedge funds own 37.77% of the company’s stock.

Analysts Set New Price Targets

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

ChargePoint Stock Performance

ChargePoint stock opened at $0.62 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.94 and a quick ratio of 1.24. The firm’s fifty day moving average price is $0.78 and its 200 day moving average price is $1.08. The company has a market capitalization of $273.81 million, a price-to-earnings ratio of -0.84 and a beta of 1.85. ChargePoint Holdings, Inc. has a 12-month low of $0.56 and a 12-month high of $2.44.

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