Perennial Investment Advisors LLC increased its position in ChargePoint Holdings, Inc. (NYSE:CHPT – Free Report) by 74.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,380 shares of the company’s stock after buying an additional 10,400 shares during the quarter. Perennial Investment Advisors LLC’s holdings in ChargePoint were worth $37,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of CHPT. Balentine LLC acquired a new position in ChargePoint in the fourth quarter worth approximately $26,000. Bridgecreek Investment Management LLC bought a new stake in shares of ChargePoint during the 4th quarter worth $33,000. CreativeOne Wealth LLC acquired a new position in shares of ChargePoint in the 1st quarter worth $30,000. PDS Planning Inc acquired a new stake in shares of ChargePoint during the first quarter worth $31,000. Finally, CIBC Asset Management Inc lifted its holdings in shares of ChargePoint by 50.7% during the second quarter. CIBC Asset Management Inc now owns 17,145 shares of the company’s stock valued at $26,000 after purchasing an additional 5,770 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.
Insider Buying and Selling at ChargePoint
In other news, CFO Mansi Khetani sold 19,007 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $1.40, for a total transaction of $26,609.80. Following the transaction, the chief financial officer now owns 402,493 shares in the company, valued at approximately $563,490.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Mansi Khetani sold 19,007 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $1.40, for a total value of $26,609.80. Following the completion of the sale, the chief financial officer now directly owns 402,493 shares in the company, valued at $563,490.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Wilmer sold 27,722 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $1.40, for a total value of $38,810.80. Following the transaction, the chief executive officer now owns 2,331,740 shares in the company, valued at $3,264,436. The disclosure for this sale can be found here. Insiders sold 51,503 shares of company stock worth $72,104 over the last ninety days. 3.50% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on CHPT
ChargePoint Trading Down 4.0 %
Shares of NYSE CHPT opened at $1.45 on Thursday. The business has a 50 day simple moving average of $1.80 and a 200 day simple moving average of $1.72. ChargePoint Holdings, Inc. has a 52 week low of $1.21 and a 52 week high of $5.49. The stock has a market cap of $625.79 million, a price-to-earnings ratio of -1.23 and a beta of 1.70. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.45 and a current ratio of 2.03.
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.
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