Marathon Trading Investment Management LLC Increases Holdings in ChargePoint Holdings, Inc. (NYSE:CHPT)

Marathon Trading Investment Management LLC boosted its holdings in ChargePoint Holdings, Inc. (NYSE:CHPT) by 151.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,400 shares of the company’s stock after acquiring an additional 84,000 shares during the period. Marathon Trading Investment Management LLC’s holdings in ChargePoint were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CHPT. Callan Family Office LLC purchased a new position in ChargePoint in the 4th quarter valued at about $45,000. Strategic Investment Advisors MI purchased a new position in shares of ChargePoint during the fourth quarter valued at approximately $46,000. Jones Financial Companies Lllp lifted its stake in shares of ChargePoint by 61.1% during the fourth quarter. Jones Financial Companies Lllp now owns 45,021 shares of the company’s stock valued at $48,000 after buying an additional 17,075 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in ChargePoint by 131.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 36,628 shares of the company’s stock worth $50,000 after acquiring an additional 20,773 shares during the last quarter. Finally, Jeppson Wealth Management LLC grew its stake in ChargePoint by 28.3% in the 3rd quarter. Jeppson Wealth Management LLC now owns 42,940 shares of the company’s stock worth $59,000 after acquiring an additional 9,480 shares during the period. 37.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ChargePoint

In other ChargePoint news, insider Jagdeep Ca Singh sold 36,574 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $41,694.36. Following the transaction, the insider now owns 1,161,430 shares of the company’s stock, valued at $1,324,030.20. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Henrik Gerdes sold 28,536 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $32,531.04. Following the transaction, the chief accounting officer now directly owns 362,060 shares of the company’s stock, valued at $412,748.40. This trade represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,148 shares of company stock worth $99,349. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHPT shares. Needham & Company LLC restated a “hold” rating on shares of ChargePoint in a report on Wednesday, March 5th. Royal Bank of Canada dropped their target price on shares of ChargePoint from $2.50 to $2.00 and set a “sector perform” rating for the company in a research report on Thursday, December 5th. The Goldman Sachs Group decreased their price target on shares of ChargePoint from $1.00 to $0.75 and set a “sell” rating for the company in a research report on Thursday, February 20th. UBS Group set a $1.50 price objective on ChargePoint in a research report on Wednesday, March 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $3.00 target price on shares of ChargePoint in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.03.

ChargePoint Trading Down 5.5 %

CHPT opened at $0.69 on Tuesday. The stock has a market capitalization of $306.10 million, a PE ratio of -0.94 and a beta of 1.85. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.94 and a quick ratio of 1.24. ChargePoint Holdings, Inc. has a 12-month low of $0.56 and a 12-month high of $2.44. The firm’s fifty day moving average price is $0.90 and its 200 day moving average price is $1.17.

ChargePoint (NYSE:CHPT) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $101.89 million for the quarter, compared to the consensus estimate of $100.99 million. ChargePoint had a negative return on equity of 106.28% and a negative net margin of 72.62%. As a group, research analysts expect that ChargePoint Holdings, Inc. will post -0.57 EPS for the current fiscal year.

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.