2 weeks Ago By Defense World Staff
Geode Capital Management LLC raised its position in shares of ChargePoint Holdings, Inc. (NYSE:CHPT – Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 9,276,632 shares of the company’s stock after purchasing an additional 204,464 shares during the quarter. Geode Capital Management LLC owned 2.10% of ChargePoint worth $9,929,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of CHPT. Raymond James Financial Inc. bought a new stake in shares of ChargePoint during the fourth quarter valued at approximately $354,000.
Prescott Group Capital Management L.L.C.
purchased a new stake in ChargePoint during the 4th quarter valued at $171,000. State Street Corp increased its holdings in shares of ChargePoint by 1.4% in the 3rd quarter.
State Street Corp now owns 10,297,421 shares of the company’s stock worth $14,107,000 after purchasing an additional 142,767 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ChargePoint by 12.9% in the 4th quarter.
Bank of New York Mellon Corp now owns 1,231,255 shares of the company’s stock worth $1,317,000 after purchasing an additional 141,053 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of ChargePoint in the third quarter worth $117,000.
37.77% of the stock is owned by hedge funds and other institutional investors. ChargePoint Trading Up 3.
5 %Shares of CHPT stock opened at $0.60 on Wednesday. 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 company has a market cap of $274.00 million, a price-to-earnings ratio of -0.81 and a beta of 2.
05. ChargePoint Holdings, Inc. has a 1 year low of $0.
51 and a 1 year high of $2.44. The firm has a fifty day moving average price of $0.
65 and a 200-day moving average price of $0.98. ChargePoint (NYSE:CHPT – Get Free Report) last released its quarterly earnings results on Tuesday, March 4th.
The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.
01). ChargePoint had a negative net margin of 72.62% and a negative return on equity of 106.
28%. The company had revenue of $101.89 million for the quarter, compared to the consensus estimate of $100.
99 million. As a group, equities analysts predict that ChargePoint Holdings, Inc. will post -0.
57 earnings per share for the current year. Analyst Ratings ChangesSeveral equities research analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on ChargePoint from $0.
75 to $0.50 and set a “sell” rating for the company in a report on Thursday, April 10th. Stifel Nicolaus reduced their price target on shares of ChargePoint from $2.
00 to $1.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Needham & Company LLC restated a “hold” rating on shares of ChargePoint in a research report on Wednesday, March 5th.
Evercore ISI downgraded shares of ChargePoint from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $4.00 to $1.00 in a research report on Monday, March 31st.
Finally, UBS Group decreased their target price on shares of ChargePoint from $0.70 to $0.65 and set a “neutral” rating for the company in a research note on Thursday, April 17th.
Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ChargePoint presently has an average rating of “Hold” and a consensus target price of $1.52.
View Our Latest Stock Analysis on CHPTChargePoint Profile (Free Report)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.See AlsoFive stocks we like better than ChargePointWhat is a SEC Filing?How to Invest in Micro-Cap Stocks Like a ProTransportation Stocks InvestingInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? The 3 Best Blue-Chip Stocks to Buy NowTake-Two Interactive: A Defensive Play Set to ExplodeWant to see what other hedge funds are holding CHPT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ChargePoint Holdings, Inc. (NYSE:CHPT – Free Report)..
