Needham & Company LLC Reiterates “Hold” Rating for ChargePoint (NYSE:CHPT)

ChargePoint (NYSE:CHPT)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Thursday, Benzinga reports.

Several other research firms also recently weighed in on CHPT. Weiss Ratings reissued a “sell (e+)” rating on shares of ChargePoint in a research report on Friday, July 17th. UBS Group reissued a “neutral” rating and set a $8.00 price objective (up from $7.00) on shares of ChargePoint in a report on Tuesday, June 23rd. TD Cowen reissued a “hold” rating and issued a $7.50 target price (up from $7.00) on shares of ChargePoint in a research report on Wednesday, June 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $6.50 target price on shares of ChargePoint in a research note on Thursday, June 4th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of ChargePoint in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $8.31.

ChargePoint Trading Down 1.7%

ChargePoint stock opened at $5.21 on Thursday. The company has a debt-to-equity ratio of 10.73, a quick ratio of 0.56 and a current ratio of 1.15. The stock has a market cap of $127.20 million, a PE ratio of -0.60 and a beta of 1.77. The stock has a 50-day moving average of $5.79 and a two-hundred day moving average of $6.12. ChargePoint has a one year low of $4.44 and a one year high of $12.61.

ChargePoint (NYSE:CHPT) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($1.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.11) by ($0.64). The business had revenue of $101.82 million for the quarter, compared to analysts’ expectations of $95.64 million. ChargePoint had a negative return on equity of 504.42% and a negative net margin of 49.66%. On average, research analysts anticipate that ChargePoint will post -5.48 EPS for the current fiscal year.

Insider Buying and Selling

In other ChargePoint news, General Counsel Eric Batill sold 4,979 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $7.13, for a total value of $35,500.27. Following the completion of the transaction, the general counsel directly owned 143,631 shares of the company’s stock, valued at approximately $1,024,089.03. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mansi Khetani sold 8,152 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $7.13, for a total value of $58,123.76. Following the completion of the sale, the chief financial officer owned 179,348 shares in the company, valued at approximately $1,278,751.24. This represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 29,164 shares of company stock valued at $208,037 in the last ninety days. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On ChargePoint

Hedge funds have recently modified their holdings of the company. Rothschild Investment LLC raised its position in shares of ChargePoint by 233.3% during the 4th quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock worth $33,000 after purchasing an additional 3,500 shares during the last quarter. Hsbc Holdings PLC boosted its position in ChargePoint by 40.0% during the first quarter. Hsbc Holdings PLC now owns 15,220 shares of the company’s stock worth $75,000 after acquiring an additional 4,352 shares during the last quarter. BNP Paribas Financial Markets grew its stake in ChargePoint by 26.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 43,534 shares of the company’s stock valued at $475,000 after acquiring an additional 9,208 shares in the last quarter. EFG International AG acquired a new stake in ChargePoint in the 4th quarter valued at about $72,000. Finally, R Squared Ltd acquired a new stake in ChargePoint in the 1st quarter valued at about $59,000. 37.77% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ChargePoint

Here are the key news stories impacting ChargePoint this week:

• Positive Sentiment: Q2 revenue substantially exceeded expectations: ChargePoint reported approximately $116.1 million in revenue for the quarter ended July 2026, up 17.7% year over year and well above analysts’ estimate of roughly $105.2 million. ChargePoint Delivers Impressive Q2
• Positive Sentiment: The quarterly loss was narrower than expected: ChargePoint reported a GAAP loss of $1.35 per share, beating the consensus estimate of a $1.57 loss. On an adjusted basis, Zacks reported a loss of $0.35 per share versus an expected loss of $0.80, and the loss improved substantially from $1.42 per share a year earlier. ChargePoint Q2 Loss and Revenue Results
• Positive Sentiment: Margins were a key catalyst: Management highlighted record gross margins, suggesting better economics for ChargePoint’s charging hardware, software and services. This helped drive the sharp after-hours reaction and improved investor sentiment. ChargePoint Q2 2027 Gross Margins
• Positive Sentiment: Q3 revenue guidance was modestly above consensus: ChargePoint forecast revenue of $105 million to $115 million, or approximately $110 million at the midpoint, compared with analysts’ estimate of $109.2 million. ChargePoint Earnings Call
• Neutral Sentiment: ChargePoint appointed John Saffrett as executive vice president and managing director of Europe to lead regional sales, partnerships and expansion. The move supports the company’s international growth strategy, but its financial impact is not yet clear. ChargePoint European Growth Strategy
• Negative Sentiment: Despite the improvement, ChargePoint remains unprofitable, with a deeply negative net margin and return on equity. Its reported debt-to-equity ratio is also extremely high, while liquidity remains relatively limited, leaving execution and cash-flow concerns as ongoing risks.

About ChargePoint

ChargePoint (NYSE: CHPT) is a leading provider of electric vehicle (EV) charging solutions that designs, develops and markets charging hardware, software and services. The company’s portfolio includes Level 2 AC charging stations for residential, commercial and fleet applications, as well as DC fast charging systems suited for retail, hospitality and public use. ChargePoint’s integrated platform enables site hosts to manage charging infrastructure through cloud-based monitoring, analytics and billing tools, while EV drivers access and control charging sessions via a mobile app or RFID card.

Since its founding in 2007 and headquarters in Campbell, California, ChargePoint has built one of the largest open EV charging networks in the world.