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Jagdeep Singh, the Chief Customer Experience Officer (CCXO) of ChargePoint Holdings, Inc. (NYSE:CHPT), has sold 23,070 shares of the company, according to a recent SEC filing. The shares were sold at a price of $0.6539 each, totaling $15,085. The transaction comes as ChargePoint’s stock trades near $0.68, down over 60% in the past year, according to InvestingPro data. This sale was part of a transaction to cover tax withholding obligations related to the vesting of restricted stock units and was not a discretionary trade by Singh. Following this transaction, Singh holds a total of 1,148,360 shares in ChargePoint. The company, currently valued at $316 million, maintains a healthy liquidity position with a current ratio of 1.93. For comprehensive insider trading analysis and 14 additional key insights, check out the detailed ChargePoint research report on InvestingPro.
In other recent news, ChargePoint Holdings Inc. has reported its fourth-quarter fiscal year 2025 earnings, with revenues slightly surpassing expectations at $102 million, compared to the analyst projection of $100.6 million. The company also reported a non-GAAP adjusted EBITDA loss of $17.3 million, showing a significant improvement from the previous quarter. ChargePoint’s gross margins improved to 28%, up from 23% in the previous quarter, driven by increased software subscription revenues. Benchmark analysts maintained their Buy rating on ChargePoint, with a price target of $3.00, while Stifel analysts held their Hold rating with a $2.00 target. ChargePoint has also expanded its EV charging infrastructure with the launch of five new ultra-fast charging sites in New York, in collaboration with the New York State Energy Research and Development Authority. These developments align with the company’s goal to achieve adjusted EBITDA profitability by fiscal year 2026. ChargePoint ended the quarter with $225 million in cash reserves and no debt maturities due until 2028. The company has provided revenue guidance for the first quarter of fiscal 2026, expecting it to be in the range of $95 million to $105 million.
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