D. E. Shaw & Co. Inc. Acquires New Position in ChargePoint Holdings, Inc. (NYSE:CHPT)

D. E. Shaw & Co. Inc. acquired a new stake in ChargePoint Holdings, Inc. (NYSE:CHPT) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,000,000 shares of the company’s stock, valued at approximately $53,400,000. D. E. Shaw & Co. Inc. owned 0.72% of ChargePoint as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CHPT. IFP Advisors Inc bought a new stake in shares of ChargePoint during the first quarter valued at about $27,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ChargePoint during the first quarter valued at about $27,000. Steward Partners Investment Advisory LLC bought a new stake in shares of ChargePoint during the fourth quarter valued at about $30,000. Wagner Wealth Management LLC bought a new stake in shares of ChargePoint during the first quarter valued at about $32,000. Finally, CWM LLC bought a new stake in shares of ChargePoint during the first quarter valued at about $34,000. Institutional investors and hedge funds own 25.12% of the company’s stock.

Several equities research analysts have recently weighed in on CHPT shares. started coverage on ChargePoint in a research report on Thursday, March 25th. They set a “neutral” rating and a $28.00 price target on the stock. R. F. Lafferty began coverage on ChargePoint in a report on Friday, April 16th. They set a “buy” rating and a $29.00 price objective for the company. Citigroup began coverage on ChargePoint in a report on Thursday, March 25th. They set a “neutral” rating and a $28.00 price objective for the company. Needham & Company LLC began coverage on ChargePoint in a report on Wednesday. They set a “buy” rating and a $39.00 price objective for the company. Finally, Zacks Investment Research lowered ChargePoint from a “hold” rating to a “sell” rating in a report on Tuesday, June 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. ChargePoint has an average rating of “Buy” and an average price target of $36.00.

In other news, Director Neil S. Suslak sold 1,129 shares of the stock in a transaction that occurred on Tuesday, June 15th. The stock was sold at an average price of $24.77, for a total transaction of $27,965.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rex S. Jackson sold 22,311 shares of the stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $32.22, for a total value of $718,860.42. Following the sale, the chief financial officer now directly owns 362,663 shares of the company’s stock, valued at approximately $11,685,001.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,697,575 shares of company stock valued at $228,283,336. 39.50% of the stock is owned by insiders.

Shares of CHPT opened at $25.90 on Thursday. The stock has a 50 day moving average price of $27.86. ChargePoint Holdings, Inc. has a 1 year low of $10.03 and a 1 year high of $49.48.

ChargePoint (NYSE:CHPT) last issued its earnings results on Wednesday, June 2nd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). The business had revenue of $40.51 million during the quarter, compared to analyst estimates of $37.23 million. ChargePoint’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.37) earnings per share. As a group, equities analysts expect that ChargePoint Holdings, Inc. will post -0.55 EPS for the current year.

ChargePoint Profile

ChargePoint Holdings, Inc provides electric vehicle (EV) charging networks and charging solutions in the United States. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

Featured Story: Trading Strategy

Want 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).

Institutional Ownership by Quarter for ChargePoint (NYSE:CHPT)

Receive News & Ratings for ChargePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChargePoint and related companies with MarketBeat.com's FREE daily email newsletter.