ChargePoint (NYSE:CHPT) CAO Natella Fakhradovna Novruzova Sells 1,484 Shares of Stock

ChargePoint Holdings, Inc. (NYSE:CHPT) CAO Natella Novruzova sold 1,484 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $9.86, for a total value of $14,632.24. Following the completion of the sale, the chief accounting officer directly owned 28,213 shares of the company’s stock, valued at approximately $278,180.18. This represents a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ChargePoint Stock Performance

NYSE CHPT opened at $9.85 on Wednesday. The stock’s fifty day moving average is $6.77 and its two-hundred day moving average is $6.43. The firm has a market capitalization of $264.39 million, a P/E ratio of -1.37 and a beta of 1.77. The company has a debt-to-equity ratio of 10.73, a quick ratio of 0.57 and a current ratio of 1.07. ChargePoint Holdings, Inc. has a fifty-two week low of $4.44 and a fifty-two week high of $12.61.

ChargePoint (NYSE:CHPT) last issued its earnings results on Wednesday, September 2nd. The company reported ($1.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.57) by $0.22. ChargePoint had a negative return on equity of 3,366.29% and a negative net margin of 40.59%.The company had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $105.21 million. On average, research analysts anticipate that ChargePoint Holdings, Inc. will post -3.75 earnings per share for the current year.

Institutional Investors Weigh In On ChargePoint

A number of institutional investors and hedge funds have recently made changes to their positions in CHPT. Northwestern Mutual Wealth Management Co. raised its stake in shares of ChargePoint by 12,808.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 237,906 shares of the company’s stock valued at $1,580,000 after acquiring an additional 236,063 shares during the period. Renaissance Technologies LLC boosted its position in shares of ChargePoint by 77.7% during the first quarter. Renaissance Technologies LLC now owns 144,059 shares of the company’s stock worth $700,000 after buying an additional 63,000 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of ChargePoint in the second quarter valued at $344,000. Squarepoint Ops LLC raised its holdings in shares of ChargePoint by 70.8% in the 2nd quarter. Squarepoint Ops LLC now owns 25,242 shares of the company’s stock valued at $149,000 after buying an additional 10,464 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of ChargePoint by 40.0% in the 1st quarter. Hsbc Holdings PLC now owns 15,220 shares of the company’s stock valued at $75,000 after buying an additional 4,352 shares during the period. 37.77% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ChargePoint

Here are the key news stories impacting ChargePoint this week:

• Neutral Sentiment: UBS raised its ChargePoint price target to $9 from $8 and increased its fiscal 2027–2029 revenue forecasts after the company reported second-quarter revenue of $116 million, ahead of both consensus and UBS estimates. The brokerage also noted that adjusted EBITDA losses were significantly narrower than expected, suggesting progress toward profitability, but it maintained a “neutral” rating. The new target is also below the stock’s recent trading level, limiting the bullish impact. ChargePoint gets price target raise from UBS after strong second-quarter results
• Neutral Sentiment: ChargePoint General Counsel Eric Batill sold 4,302 shares, CFO Mansi Khetani sold 4,931 shares, insider Jagdeep Singh sold 5,965 shares, and Chief Accounting Officer Natella Novruzova sold 1,484 shares. The combined sales were valued at approximately $164,500. Each filing stated that the shares were sold to cover tax-withholding obligations when equity awards vested, reducing the likelihood that the transactions reflect diminished confidence in the business. ChargePoint insider transaction filings

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CHPT shares. Oppenheimer reiterated a “market perform” rating on shares of ChargePoint in a report on Thursday, September 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ChargePoint in a research report on Thursday, September 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ChargePoint in a research report on Friday, July 17th. B. Riley Financial reiterated a “neutral” rating on shares of ChargePoint in a research report on Friday, September 4th. Finally, TD Cowen restated a “hold” rating on shares of ChargePoint in a research report on Thursday, September 3rd. Seven investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $7.07.

ChargePoint Company Profile

ChargePoint Holdings, Inc operates an electric vehicle (EV) charging network and provides charging hardware, software and related services. Its platform is designed to support drivers, businesses, fleet operators, property owners and other organizations managing EV charging infrastructure.

The company offers Level 2 and DC fast-charging stations, cloud-based software for monitoring and managing charging activity, payment and access tools, and services such as installation, maintenance and customer support.