ChargePoint Holdings, Inc. (NYSE:CHPT) Insider Michael D. Hughes Sells 100,000 Shares

ChargePoint Holdings, Inc. (NYSE:CHPT) insider Michael D. Hughes sold 100,000 shares of the business’s stock in a transaction dated Monday, July 19th. The stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the completion of the transaction, the insider now owns 294,667 shares of the company’s stock, valued at $6,924,674.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:CHPT opened at $25.96 on Thursday. ChargePoint Holdings, Inc. has a twelve month low of $10.03 and a twelve month high of $49.48. The stock has a 50 day simple moving average of $27.86.

ChargePoint (NYSE:CHPT) last issued its quarterly earnings results on Wednesday, June 2nd. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). The company had revenue of $40.51 million for the quarter, compared to the consensus estimate of $37.23 million. During the same quarter in the previous year, the business posted ($2.37) EPS. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. Analysts expect that ChargePoint Holdings, Inc. will post -0.55 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. IFP Advisors Inc purchased a new stake in ChargePoint in the 1st quarter worth approximately $27,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ChargePoint in the 1st quarter worth approximately $27,000. Steward Partners Investment Advisory LLC purchased a new stake in ChargePoint in the 4th quarter worth approximately $30,000. Wagner Wealth Management LLC purchased a new stake in ChargePoint in the 1st quarter worth approximately $32,000. Finally, CWM LLC purchased a new stake in ChargePoint in the 1st quarter worth approximately $34,000. Institutional investors own 25.12% of the company’s stock.

A number of equities analysts have commented on the stock. R. F. Lafferty assumed coverage on shares of ChargePoint in a report on Friday, April 16th. They issued a “buy” rating and a $29.00 target price for the company. Needham & Company LLC started coverage on shares of ChargePoint in a report on Wednesday. They set a “buy” rating and a $39.00 price objective on the stock. Cowen upped their price objective on shares of ChargePoint from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, June 23rd. Zacks Investment Research downgraded shares of ChargePoint from a “hold” rating to a “sell” rating in a report on Tuesday, June 8th. Finally, Citigroup started coverage on shares of ChargePoint in a report on Thursday, March 25th. They set a “neutral” rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.00.

About ChargePoint

ChargePoint Holdings, Inc provides electric vehicle (EV) charging networks and charging solutions in the United States. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

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Insider Buying and Selling by Quarter for ChargePoint (NYSE:CHPT)

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