SG Americas Securities LLC Buys 21,007 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

SG Americas Securities LLC grew its holdings in ChargePoint Holdings, Inc. (NYSE:CHPT) by 19.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 130,247 shares of the company’s stock after buying an additional 21,007 shares during the quarter. SG Americas Securities LLC’s holdings in ChargePoint were worth $197,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of ChargePoint by 26.3% in the 1st quarter. Vanguard Group Inc. now owns 36,688,672 shares of the company’s stock valued at $69,708,000 after purchasing an additional 7,645,210 shares in the last quarter. Norges Bank bought a new stake in shares of ChargePoint in the 4th quarter valued at about $9,733,000. Swiss National Bank raised its stake in shares of ChargePoint by 23.2% during the 1st 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 in the last quarter. Quadrature Capital Ltd purchased a new stake in ChargePoint during the fourth quarter valued at approximately $1,257,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in ChargePoint by 32.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 443,263 shares of the company’s stock valued at $842,000 after acquiring an additional 109,309 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $3.00 target price on shares of ChargePoint in a research report on Thursday, June 6th. TD Cowen decreased their target price on shares of ChargePoint from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Benchmark decreased their target price on shares of ChargePoint from $4.25 to $3.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Finally, B. Riley raised shares of ChargePoint to a “hold” rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.88.

ChargePoint Trading Up 5.5 %

Shares of ChargePoint stock opened at $1.92 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.45 and a debt-to-equity ratio of 1.02. ChargePoint Holdings, Inc. has a 12-month low of $1.21 and a 12-month high of $7.57. The firm has a market capitalization of $812.85 million, a price-to-earnings ratio of -1.63 and a beta of 1.71. The firm’s 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $1.79.

ChargePoint (NYSE:CHPT) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.03. The firm had revenue of $107.04 million for the quarter, compared to analyst estimates of $106.09 million. ChargePoint had a negative net margin of 93.05% and a negative return on equity of 127.18%. Analysts predict that ChargePoint Holdings, Inc. will post -0.53 EPS for the current year.

Insider Transactions at ChargePoint

In other news, CAO Henrik Gerdes sold 43,596 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1.50, for a total value of $65,394.00. Following the sale, the chief accounting officer now owns 438,004 shares in the company, valued at $657,006. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Henrik Gerdes sold 43,596 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1.50, for a total transaction of $65,394.00. Following the sale, the chief accounting officer now owns 438,004 shares in the company, valued at $657,006. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard Wilmer sold 27,722 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $1.40, for a total transaction of $38,810.80. Following the sale, the chief executive officer now owns 2,331,740 shares in the company, valued at approximately $3,264,436. The disclosure for this sale can be found here. Insiders have sold 95,099 shares of company stock worth $137,498 over the last 90 days. 3.50% of the stock is currently 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.