ChargePoint Holdings, Inc. (NYSE:CHPT – Get Free Report) insider Jagdeep Ca Singh sold 13,361 shares of ChargePoint stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total transaction of $18,037.35. Following the sale, the insider now directly owns 873,004 shares of the company’s stock, valued at approximately $1,178,555.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
ChargePoint Price Performance
NYSE:CHPT opened at $1.35 on Friday. The company has a market cap of $582.63 million, a P/E ratio of -1.14 and a beta of 1.70. The firm’s fifty day moving average price is $1.71 and its two-hundred day moving average price is $1.70. ChargePoint Holdings, Inc. has a one year low of $1.21 and a one year high of $5.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.03 and a quick ratio of 1.32.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of CHPT. Vanguard Group Inc. increased its position in ChargePoint by 26.3% during the 1st quarter. Vanguard Group Inc. now owns 36,688,672 shares of the company’s stock worth $69,708,000 after buying an additional 7,645,210 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of ChargePoint during the 2nd quarter worth approximately $13,007,000. Norges Bank bought a new position in shares of ChargePoint during the fourth quarter worth approximately $9,733,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of ChargePoint by 62.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,623,836 shares of the company’s stock valued at $2,452,000 after buying an additional 621,536 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in ChargePoint by 60.1% during the second quarter. Bank of New York Mellon Corp now owns 1,298,289 shares of the company’s stock worth $1,960,000 after buying an additional 487,262 shares in the last quarter. Institutional investors and hedge funds own 37.77% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on CHPT
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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