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CHPT Showing Recent Insider Activity

Recent activity shows that ChargePoint Holdings, CHPT the Insider Confidence level is trending Up due to Corporate Insiders of CHPT Bought $91.5K worth of shares in the last 3 months.  

Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
 
"Insider Buying" is not a crime when the buying is based on public information. 
 
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell.  That's why people pay attention to insider buying.

Here is a list of the latest insider activity for CHPT:
  • Michael D Hughes - Chief Commercial and Revenue Officer, $493,000 worth of shares on 2 weeks ago
  • Linse Michael - Director,>10% Owner, n/a worth of shares on 1 week ago
  • Sidle Eric - SVP, Engineering, $600,300 worth of shares on 2 weeks ago
  • Jansen Colleen - CMO, $69,580 worth of shares on 2 weeks ago
TipRanks.com reports that ChargePoint Holdings currently has 11 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $24.82 . The target pricing ranges from a high forecast of $34.00 down to a low forecast of $16.00. ChargePoint Holdings (CHPT)’s last closing price was $15.32 which would put the average price target at 62.01% upside.

In addition, TradingView issued a Sell rating for CHPT over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook

ChargePoint Holdings, CHPT
Summary: ChargePoint Holdings Inc. provides electric vehicle charging network. The company's cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. ChargePoint Holdings Inc., formerly known as Switchback Energy Acquisition Corporation, is based in CAMPBELL, Calif.
  • Last Price: $15.32
  • Price Change: -$0.11, -0.7129%
  • Yearly Gain: -18.96%
  • Market Cap: $5.15B
  • P/E Ratio: -10.398
Remember, securities are volatile, so please do your own research on CHPT. If you are interest in stocks like CHPT or stocks in the Consumer Goods sector, please click here.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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This information was sourced from various 3rd party public sources but to get the best insight into insider activity related to CHPT, you should consider joining TipRanks.com.

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