Jeppson Wealth Management LLC Buys 9,480 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT)

Jeppson Wealth Management LLC lifted its stake in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 28.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,940 shares of the company’s stock after purchasing an additional 9,480 shares during the period. Jeppson Wealth Management LLC’s holdings in ChargePoint were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CreativeOne Wealth LLC bought a new stake in ChargePoint in the 1st quarter valued at $30,000. CIBC Asset Management Inc raised its stake in ChargePoint by 50.7% in the 2nd quarter. CIBC Asset Management Inc now owns 17,145 shares of the company’s stock valued at $26,000 after acquiring an additional 5,770 shares during the period. Delap Wealth Advisory LLC bought a new stake in ChargePoint in the 2nd quarter valued at $31,000. Financial Advocates Investment Management acquired a new position in ChargePoint in the 3rd quarter valued at $29,000. Finally, Perennial Investment Advisors LLC grew its holdings in ChargePoint by 74.4% in the 2nd quarter. Perennial Investment Advisors LLC now owns 24,380 shares of the company’s stock valued at $37,000 after buying an additional 10,400 shares in the last quarter. Institutional investors own 37.77% of the company’s stock.

Insider Buying and Selling at ChargePoint

In related news, CEO Richard Wilmer sold 27,252 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.35, for a total transaction of $36,790.20. Following the sale, the chief executive officer now directly owns 2,304,489 shares in the company, valued at approximately $3,111,060.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Richard Wilmer sold 27,252 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.35, for a total transaction of $36,790.20. Following the completion of the transaction, the chief executive officer now directly owns 2,304,489 shares in the company, valued at $3,111,060.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Henrik Gerdes sold 26,288 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $1.32, for a total value of $34,700.16. Following the transaction, the chief accounting officer now owns 390,596 shares of the company’s stock, valued at approximately $515,586.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,803 shares of company stock worth $135,295 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

ChargePoint Trading Up 6.6 %

Shares of ChargePoint stock opened at $1.21 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.32 and a current ratio of 2.03. ChargePoint Holdings, Inc. has a 52 week low of $1.10 and a 52 week high of $3.54. The stock has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.62. The stock has a market capitalization of $520.06 million, a PE ratio of -1.22 and a beta of 1.70.

ChargePoint (NYSE:CHPT) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $108.54 million for the quarter, compared to analyst estimates of $114.15 million. ChargePoint had a negative return on equity of 112.67% and a negative net margin of 89.12%. As a group, equities analysts anticipate that ChargePoint Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CHPT shares. Stifel Nicolaus decreased their price objective on ChargePoint from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Needham & Company LLC reduced their target price on ChargePoint from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Capital One Financial raised ChargePoint to a “strong-buy” rating in a report on Tuesday, September 17th. Evercore ISI reduced their target price on ChargePoint from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Finally, Benchmark reissued a “buy” rating and set a $3.00 target price on shares of ChargePoint in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $2.61.

ChargePoint 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.