Taking a look at what insiders are doing to gauge the ChargePoint Holdings Inc. (CHPT)’s direction


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ChargePoint Holdings Inc. shares valued at $1,097 were sold by JACKSON REX S on Mar 10. At $10.16 per share, JACKSON REX S sold 108 shares. The insider’s holdings dropped to 1,100,945 shares worth approximately $10.28 million following the completion of this transaction.

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Also, Linse Michael sold 1,989,958 shares, netting a total of over 19,899,580 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 0 shares.

Before that, Linse Michael had sold 508,101 shares from its account. In a trade valued at $5,121,795, the Director traded ChargePoint Holdings Inc. shares for $10.08 each. Upon closing the transaction, the insider’s holdings decreased to 508,101 shares, worth approximately $0.0.

Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of September 07, 2022, Credit Suisse has initiated its “an Outperform” rating for CHPT. Earlier on June 17, 2022, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for CHPT stock.

Analyzing CHPT Stock Performance

On Thursday, ChargePoint Holdings Inc. [NYSE: CHPT] rose 0.86% to $9.34. The stock’s lowest price that day was $9.09, but it reached a high of $9.51 in the same session. During the last five days, there has been a drop of approximately -8.34%. Over the course of the year, ChargePoint Holdings Inc. shares have dropped approximately -1.99%. Shares of the company reached a 52-week high of $13.65 on 02/02/23 and a 52-week low of $8.71 on 01/06/23. A 50-day SMA is recorded $11.16, while a 200-day SMA reached $13.07. Nevertheless, trading volume fell to 6.11 million shares from 11.19 million shares the previous day.

Support And Resistance Levels for ChargePoint Holdings Inc. (CHPT)

According to the 24-hour chart, there is a support level at 9.12, which, if violated, would cause prices to drop to 8.89. In the upper region, resistance lies at 9.54. The next price resistance is at 9.73. RSI (Relative Strength Index) is 35.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 86.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is ChargePoint Holdings Inc. subject to short interest?

Stocks of ChargePoint Holdings Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -3.0 million shares to 48.56 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 51.56 million shares. A decline of -6.18% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.62 of the overall float, the days-to-cover ratio (short ratio) decline to 4.62.

Which companies own the most shares of ChargePoint Holdings Inc. (CHPT)?

According to The Vanguard Group, Inc. filings, the company currently owns 24,021,708 shares, which is about 7.03% of the total CHPT shares outstanding. The investor’s shares have appreciated by 1,884,514 from its previous 13-F filing of 22137194.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $136,636,376. A total of 237,336 shares of ChargePoint Holdings Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 257,565 were bought by Geode Capital Management LLC. In its current portfolio, First Trust Advisors LP holds 3,308,582 shares valued at $37.59 million.

In terms of ChargePoint Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $18.21 in the next 12 months, up nearly 94.38% from the previous closing price of $9.26. Analysts anticipate ChargePoint Holdings Inc. stock to reach $26.00 by 2023, with the lowest price target being $12.00. In spite of this, 21 analysts ranked ChargePoint Holdings Inc. stock as a Buy at the end of 2023. On April 21, 2022, Tudor Pickering Holt & Co. assigned a price target of “a Buy” to the stock and initiated coverage with a $22.


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