On Friday, several intriguing options trades involving Chargepoint Holdings, Inc. were executed (NYSE: CHPT). As a result, investors in the Stock collectively purchased 152 504 call options, bringing the total number of options purchased to 152 504. Compared to the typical volume of 96,349 call options, this represents a 58% increase in call option volume.

Recent reports on CHPT have been compiled by several different research firms, each of which has provided its most up-to-date findings. The Credit Suisse Group published a report on September 7 in which they stated that they would now be covering ChargePoint. They have given the company an “outperform” rating and determined that its price target should be $22.00. JPMorgan Chase & Co. stated in a report made available to the public on Friday, December 2, that the price objective for ChargePoint has been reduced from $20.00 to $18.00. The investment bank’s recommendation for the company did not change due to this development; it remained “overweight.” Cowen lowered their price target for ChargePoint to twenty dollars in a report that was made public on November 28. DA Davidson suggested in a report made available to the public on Monday, December 5, that the price target for ChargePoint is decreased from the previous target of $20.00 to $18.00. Finally, Needham & Firm LLC issued a report on Thursday, October 20, in which they recommended “buying” the company’s stock and lowered their price target on ChargePoint from $24.00 to $18.00. The report was dated. In addition, the company kept its “buy” rating on the stock throughout the quarter. Ten market analysts have given the stock a buy recommendation.
In contrast, investors’ current holdings in the company have been recommended to be maintained by only three of these market analysts. According to information from Bloomberg.com, the stock is currently rated as having a consensus “Moderate Buy” recommendation, and its current target price is rated as having a consensus value of $20.64. In addition, the stock is currently rated as having a consensus value of $20.64 for its target price.
On Friday, the price of CHPT on the NYSE dropped $0.37 to $8.53.
The stock had a trading volume of 227,322 shares, which is significantly lower than the stock’s average volume of 9,801,828 shares. The calculation includes a debt-to-equity ratio of 0.87, a current ratio of 2.69, and a quick ratio of 2.43. All of these ratios are present. The moving average of the company’s stock price over the past 200 days is $13.95, and the moving average over the last 50 days is $12.14. The stock’s current market value is $2.91 billion, and its price-to-earnings ratio is -8.26, giving it a beta of 1.57. The stock has a beta of 1.57. ChargePoint reached a new all-time high of $20.99 during the past year, while the company reached a new all-time low of $8.50.
According to additional information regarding ChargePoint, on October 3, business insider Michael D. Hughes sold 25,000 shares of the company’s stock. The stock was sold for $377,750.00 in total, which works out to an average price of $15.11 per share when divided by the total number of shares sold. The company insider now directly owns 955,094 shares of the company, which together have a value of approximately $14,431,470.34 as a direct result of the transaction. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, Pasquale Romano, the company’s Chief Executive Officer, sold 125,000 shares of the company’s stock on Monday, December 19. The sale of the shares resulted in total revenue of $1,207,500.00, with the average price at which each share could be purchased being $9.66. As a result of the successful transaction completion, the Chief Executive Officer (CEO) now has direct control over 4,146,602 shares of the company, the total value of which is approximately 40,056,175.32 dollars. If you click on this link, you will be taken to a legal filing that was made with the SEC, which will give you more information regarding the transaction and take you there immediately. In addition, on Monday, October 3, Michael D. Hughes, an executive within the company, sold 25,000 shares of the company’s stock. The stock was sold for $377,750.00 in total, which works out to an average price of $15.11 per share when divided by the total number of shares sold. After the completion of the transaction, the insider of the company now owns 955,094 shares of the company, which are worth a total of $14,431,470.34. Disclosures that are related to the sale might be found in this section of the website. According to the most recent financial statements, company insiders have generated a total of $2,480,825 from the sale of 233,033 shares of company stock over the past three months. Individuals employed by the company hold 23.64% of the company’s shares.

Recently, institutional investors and hedge funds have altered how they hold positions in the company in response to recent market events. During the third quarter, WealthPlan Investment Management LLC made a fresh investment in the form of a purchase of shares of ChargePoint. The total cost of this transaction was approximately 181,000 dollars. The Bank of New York Mellon Corporation increased the amount of ChargePoint stock owned by 22.1% during the third quarter. There are 820,761 shares held by The Bank of New York Mellon Corporation, and the market value for all of these shares is $12,115,000. Compared to the shares held during the previous quarter, this represents an increase of 148,328, which brings the total number of shares held by the company to 820,761. During the third quarter, IHT Wealth Management LLC completed the purchase of additional shares of ChargePoint. This new position was estimated to be worth approximately $377,000 in total compensation. B. Riley Wealth Advisors Inc. established a new position in ChargePoint shares during the third quarter, estimated to be worth approximately $188,000. And finally, during the company’s third fiscal quarter, the California State Teachers Retirement System increased the amount of ChargePoint stock owned by 7.2%, bringing the total amount of ChargePoint stock it possessed to a total of California State Teachers Retirement System now has a total of 288,236 shares of the company following the purchase of an additional 19,255 shares during the preceding quarter. The value of the California State Teachers Retirement System’s investment in the company is approximately $4,254,000. To the tune of 44.87% of the company’s shares, hedge funds and various other institutional investors are the proud owners.

The operation of electric vehicle (EV) charging networks and services in the United States as well as in other countries is the responsibility of ChargePoint Holdings, Inc. Customers in the home, fleet, and commercial markets can take advantage of the company’s comprehensive offerings of hardware, software, and services. 2007 marked the beginning of operations for the business, which now has its headquarters in the city of Campbell, which is found in California.

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