ChargePoint Holdings Inc.’s filing revealed that its President and CEO Romano Pasquale unloaded Company’s shares for reported $71489.0 on Aug 18. In the deal valued at $7.15 per share,10,000 shares were sold. As a result of this transaction, Romano Pasquale now holds 4,148,054 shares worth roughly $ 30.86 million.
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Then, Romano Pasquale sold 10,000 shares, generating $72,687 in total proceeds. Upon selling the shares at $7.27, the President and CEO now owns 4,148,054 shares.
Before that, Romano Pasquale sold 10,000 shares. ChargePoint Holdings Inc. shares valued at $73,578 were divested by the President and CEO at a price of $7.36 per share. As a result of the transaction, Romano Pasquale now holds 4,148,054 shares, worth roughly $30.86 million.
BofA Securities upgraded its ChargePoint Holdings Inc. [CHPT] rating to a Buy from a a Neutral in a research note published on Friday, May 30, 2023; the price target was decreased to $14 from $15.50. PT values the company’s stock at a premium of 46.86 to its Friday closing price.
Price Performance Review of CHPT
On Friday, ChargePoint Holdings Inc. [NYSE:CHPT] saw its stock jump 3.91% to $7.44. On the same session, the stock had its day’s lowest price of $7.23, but rose to a high of $7.54. Over the last five days, the stock has gained 8.93%. ChargePoint Holdings Inc. shares have fallen nearly -21.93% since the year began. Nevertheless, the stocks have fallen -54.27% over the past one year. While a 52-week high of $19.92 was reached on 02/02/23, a 52-week low of $6.65 was recorded on 08/25/23. SMA at 50 days reached $7.99, while 200 days put it at $9.59. A total of 6.21 million shares were traded, compared to the trading of 6.18 million shares in the previous session.
Levels Of Support And Resistance For CHPT Stock
The 24-hour chart illustrates a support level at 7.27, which if violated will result in even more drops to 7.09. On the upside, there is a resistance level at 7.58. A further resistance level may holdings at 7.71. The Relative Strength Index (RSI) on the 14-day chart is 48.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.46%. Stochastics %K at 55.23% indicates the stock is a holding.
How much short interest is there in ChargePoint Holdings Inc.?
A steep rise in short interest was recorded in ChargePoint Holdings Inc. stocks on Aug 14, 2023, growing by 3.42 million shares to a total of 65.97 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 62.55 million shares. There was a rise of 5.18%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.29% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.85.
ChargePoint Holdings Inc. [CHPT] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,437,584 shares, or roughly 7.20% of the outstanding CHPT shares. In other words, the investor’s shares have risen by 1,026,997 from its previous 13-F filing of 24410587.0. Additionally, BlackRock Fund Advisors increased 10.05% of its stake after which the total value it holdings stand at $114,824,386. At present, Coatue Management LLC is holding 4,761,822 shares valued at $41.24 million. SSgA Funds Management, Inc. owned 4,286,364 shares of the company at the time of its most recent 13F filing, worth $37.12 million.