ChargePoint (NYSE:CHPT – Get Free Report) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $8.00 to $5.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 15.54% from the company’s current price.
A number of other brokerages have also weighed in on CHPT. The Goldman Sachs Group reaffirmed a “sell” rating and set a $5.00 target price on shares of ChargePoint in a research report on Thursday, January 15th. Roth Mkm set a $8.50 price objective on shares of ChargePoint and gave the stock a “neutral” rating in a report on Friday, December 5th. Royal Bank Of Canada reduced their price objective on shares of ChargePoint from $9.00 to $6.50 and set a “sector perform” rating for the company in a report on Thursday. UBS Group restated a “neutral” rating and issued a $9.00 target price (down from $12.00) on shares of ChargePoint in a report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, ChargePoint currently has a consensus rating of “Reduce” and a consensus target price of $11.60.
Check Out Our Latest Research Report on CHPT
ChargePoint Stock Down 8.9%
ChargePoint (NYSE:CHPT – Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($1.07) by ($0.78). ChargePoint had a negative net margin of 59.54% and a negative return on equity of 209.46%. The firm had revenue of $109.32 million during the quarter, compared to analyst estimates of $104.85 million. Equities research analysts predict that ChargePoint will post -0.57 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Mansi Khetani sold 3,943 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $6.99, for a total transaction of $27,561.57. Following the completion of the sale, the chief financial officer directly owned 130,363 shares of the company’s stock, valued at $911,237.37. This trade represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jagdeep Ca Singh sold 4,832 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $6.99, for a total transaction of $33,775.68. Following the completion of the transaction, the insider directly owned 124,627 shares in the company, valued at $871,142.73. This trade represents a 3.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,670 shares of company stock valued at $88,534 over the last ninety days. 3.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd raised its holdings in shares of ChargePoint by 56.4% in the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock worth $57,000 after purchasing an additional 3,100 shares during the period. Rothschild Investment LLC increased its position in ChargePoint by 233.3% in the fourth quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock worth $33,000 after buying an additional 3,500 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of ChargePoint by 26.8% in the third quarter. BNP Paribas Financial Markets now owns 43,534 shares of the company’s stock valued at $475,000 after buying an additional 9,208 shares during the period. EFG International AG bought a new position in shares of ChargePoint during the 4th quarter worth $72,000. Finally, Squarepoint Ops LLC increased its holdings in ChargePoint by 126.1% in the 4th quarter. Squarepoint Ops LLC now owns 26,668 shares of the company’s stock worth $177,000 after acquiring an additional 14,871 shares during the last quarter. 37.77% of the stock is owned by institutional investors.
Trending Headlines about ChargePoint
Here are the key news stories impacting ChargePoint this week:
- Positive Sentiment: Revenue beat and year-over-year top-line growth: Q4 fiscal 2026 revenue of ~$109.3M topped Street estimates and was up ~7% YoY, driven by gains in networked charging systems and subscription revenue. ChargePoint Q4 Earnings Beat Estimates
- Positive Sentiment: Narrower operational loss vs. prior year and some operational efficiency improvements were highlighted by management on the call, which investors may view as progress toward margin improvement. Q4 Earnings Call Highlights
- Neutral Sentiment: Company filed full Q4 results and slide deck with details for investors; the earnings call transcript is available for deeper details on assumptions and cadence. Press Release Earnings Call Transcript
- Negative Sentiment: Large GAAP EPS miss: reported loss per share (~$1.85) was significantly worse than consensus, increasing near-term earnings uncertainty. Q4 Loss, Beats Revenue Estimates
- Negative Sentiment: Weak Q1 FY2027 revenue guidance: the company guided $90M–$100M for the next quarter, well below analyst estimates (~$105M), prompting concerns about near-term revenue momentum and driving the stock lower. Q4 Sales Top Estimates But Stock Drops
- Negative Sentiment: Analyst downgrade/target cut: RBC trimmed its PT to $6.50 (from $9) and moved to sector perform, reducing near-term upside expectations and adding selling pressure. RBC Price Target Cut
- Negative Sentiment: Analyst commentary warns of ongoing large operating losses and possible future capital raises despite some balance-sheet improvement, a risk that can weigh on the stock until clearer path to profitability emerges. Analyst Take: The Misery Continues
ChargePoint Company Profile
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.
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