ChargePoint Holdings, Inc. News

ChargePoint (NYSE: CHPT) Holdings, Inc. executive Rebecca Chavez, Chief Legal Officer and Corporate Secretary, sold 8,005 shares of the company’s common stock on September 23, 2024, for around $10,806, with prices ranging from $1.35 to $1.36.

This transaction was executed to meet tax withholding obligations from restricted stock units under equity incentive plans. It is classified as a “sell to cover” transaction, a common practice to manage tax liabilities and not indicative of discretionary trading.

After the sale, Chavez holds 958,911 shares of ChargePoint Holdings, reflecting a significant ongoing investment in the company, which specializes in electric vehicle charging infrastructure.

Investor interest in insider transactions can signal executives’ views on the company’s valuation and prospects. However, this sale seems consistent with routine compensation management rather than indicative of corporate outlook.

ChargePoint hasn’t commented further on this transaction. Details on the sales and prices are available through issuer or SEC channels.

Recent Developments

ChargePoint secured over $19 million in awards for electric vehicle (EV) chargers along California highways through the National Electric Vehicle Infrastructure (NEVI) program, translating to 248 DC fast charging ports at 45 locations. Previously, ChargePoint obtained nearly $90 million from NEVI for similar initiatives.

Additionally, the firm appointed David Vice as Chief Revenue Officer, targeting growth. However, the second-quarter fiscal year 2025 revenue of $109 million fell short of the expected $114 million. Analysts from CapitalOne suggest an Overweight rating, indicating prospects for recovery, while Goldman Sachs and RBC Capital hold a Sell and Sector Perform rating, respectively, based on revenue performance and revised projections for achieving positive non-GAAP EBITDA by fiscal year 2026.

Financial Insights

ChargePoint’s market capitalization is at $586.95 million, with a revenue of $441.7 million over the last twelve months as of Q2 2025. This represents a -20.94% decline in revenue growth, highlighting sector challenges. The adjusted P/E ratio is currently at -1.58, indicating no net income, which raises investor concern regarding profitability. Nevertheless, the P/B ratio of 2.52 suggests strong market confidence in the firm’s assets.

InvestingPro reports a 1-year total return decrease of -71.14%, advising caution. Despite this, the Fair Value estimate stands at $1.83, indicating potential undervaluation compared to the previous close price of $1.42. Further insights are available through the InvestingPro platform, offering 15 tips for evaluating ChargePoint’s financial health and investment opportunities.

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