ChargePoint (NYSE:CHPT) Earns “Hold” Rating from Needham & Company LLC

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

Several other equities analysts also recently commented on CHPT. JPMorgan Chase & Co. dropped their price objective on ChargePoint from $8.00 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a research note on Monday, April 20th. B. Riley Financial dropped their price objective on ChargePoint from $11.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. UBS Group dropped their price objective on ChargePoint from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Finally, Royal Bank Of Canada dropped their price objective on ChargePoint from $9.00 to $6.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, ChargePoint presently has a consensus rating of “Reduce” and a consensus price target of $8.63.

ChargePoint Price Performance

ChargePoint stock opened at $7.73 on Thursday. ChargePoint has a 12 month low of $4.44 and a 12 month high of $17.78. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 10.73. The business’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.65. The company has a market cap of $182.74 million, a price-to-earnings ratio of -0.83 and a beta of 1.74.

ChargePoint (NYSE:CHPT) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($1.75) EPS for the quarter, missing the consensus estimate of ($1.11) by ($0.64). ChargePoint had a negative net margin of 53.55% and a negative return on equity of 276.06%. The firm had revenue of $101.82 million during the quarter, compared to analysts’ expectations of $95.64 million. Sell-side analysts forecast that ChargePoint will post -6.59 EPS for the current year.

Insider Activity

In related news, CEO Richard Wilmer bought 46,847 shares of the company’s stock in a transaction on Monday, April 13th. The shares were purchased at an average price of $5.34 per share, for a total transaction of $250,162.98. Following the completion of the transaction, the chief executive officer directly owned 511,224 shares in the company, valued at approximately $2,729,936.16. The trade was a 10.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 8,685 shares of company stock worth $46,031 in the last quarter. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On ChargePoint

Several institutional investors have recently made changes to their positions in CHPT. Focus Partners Wealth purchased a new stake in shares of ChargePoint during the first quarter worth $27,000. Rothschild Investment LLC lifted its position in shares of ChargePoint by 233.3% during the fourth quarter. Rothschild Investment LLC now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,500 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of ChargePoint by 57.1% during the second quarter. Corient Private Wealth LLC now owns 67,345 shares of the company’s stock worth $47,000 after acquiring an additional 24,470 shares in the last quarter. Pilgrim Partners Asia Pte Ltd lifted its position in shares of ChargePoint by 56.4% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 8,600 shares of the company’s stock worth $57,000 after acquiring an additional 3,100 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of ChargePoint during the first quarter worth $59,000. Hedge funds and other institutional investors own 37.77% of the company’s stock.

ChargePoint News Roundup

Here are the key news stories impacting ChargePoint this week:

• Positive Sentiment: ChargePoint reported first-quarter fiscal 2027 revenue of $101.8 million, beating Wall Street estimates and showing year-over-year sales growth, which suggests demand for its EV charging products is holding up. ChargePoint Holdings, Inc. (CHPT) Reports Q1 Loss, Tops Revenue Estimates
• Positive Sentiment: The company guided second-quarter fiscal 2027 revenue to $100 million-$110 million, with a midpoint above consensus, and said its Express Solo product is ramping, which points to continued top-line momentum. ChargePoint expects $100M-$110M Q2 FY2027 revenue as Express Solo ramps
• Positive Sentiment: Adjusted/EPS results were better than expected in some reports, with the company’s loss narrower than analysts feared, reinforcing the idea that execution is improving even if profitability remains negative. ChargePoint Holdings Inc (CHPT) Q1 2027 Earnings Call Highlights
• Neutral Sentiment: Investors are also parsing the earnings call transcript and key-metric comparisons for signs of whether the revenue beat and guidance raise can outweigh ongoing heavy losses and margin pressure. ChargePoint Holdings, Inc. (CHPT) Q1 2027 Earnings Call Transcript
• Negative Sentiment: ChargePoint still posted a large GAAP loss of $1.75 per share, missing expectations, and the company remains deeply unprofitable, which may limit enthusiasm for the stock despite stronger sales. ChargePoint Reports First Quarter Fiscal Year 2027 Financial Results

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.