NCP Inc. Has $67,000 Holdings in ChargePoint Holdings, Inc. (NYSE:CHPT)

NCP Inc. raised its position in shares of ChargePoint Holdings, Inc. (NYSE:CHPT) by 210.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,500 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. NCP Inc.’s holdings in ChargePoint were worth $67,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jeppson Wealth Management LLC increased its stake in shares of ChargePoint by 28.3% in the third 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 last quarter. JPMorgan Chase & Co. increased its position in ChargePoint by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,375 shares of the company’s stock worth $243,000 after purchasing an additional 9,519 shares during the last quarter. International Assets Investment Management LLC increased its position in ChargePoint by 32.9% in the 3rd quarter. International Assets Investment Management LLC now owns 60,403 shares of the company’s stock worth $830,000 after purchasing an additional 14,963 shares during the last quarter. Creative Planning increased its position in ChargePoint by 8.8% in the 3rd quarter. Creative Planning now owns 205,008 shares of the company’s stock worth $281,000 after purchasing an additional 16,645 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in ChargePoint by 131.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 36,628 shares of the company’s stock worth $50,000 after purchasing an additional 20,773 shares during the last quarter. 37.77% of the stock is owned by institutional investors and hedge funds.

ChargePoint Trading Down 2.7 %

Shares of ChargePoint stock opened at $0.63 on Wednesday. The company’s fifty day simple moving average is $0.99 and its 200-day simple moving average is $1.24. The company has a market cap of $277.79 million, a price-to-earnings ratio of -0.85 and a beta of 1.70. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 1.65. ChargePoint Holdings, Inc. has a 1 year low of $0.56 and a 1 year high of $2.44.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on ChargePoint from $1.00 to $0.75 and set a “sell” rating on the stock in a report on Thursday, February 20th. Benchmark restated a “buy” rating and set a $3.00 price target on shares of ChargePoint in a research note on Wednesday, November 20th. Stifel Nicolaus lowered their target price on shares of ChargePoint from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of ChargePoint in a research report on Thursday, December 5th. Finally, UBS Group lowered their price objective on ChargePoint from $1.50 to $1.30 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.41.

Insiders Place Their Bets

In other news, CFO Mansi Khetani sold 22,038 shares of ChargePoint stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $1.14, for a total transaction of $25,123.32. Following the sale, the chief financial officer now owns 1,230,305 shares of the company’s stock, valued at approximately $1,402,547.70. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Henrik Gerdes sold 28,536 shares of ChargePoint stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $1.14, for a total transaction of $32,531.04. Following the sale, the chief accounting officer now owns 362,060 shares in the company, valued at $412,748.40. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,148 shares of company stock worth $99,349 in the last ninety days. Insiders own 3.50% of the company’s stock.

About ChargePoint

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.