ChargePoint Holdings CLO Rebecca Chavez sells $16,016 in stock

Rebecca Chavez, Chief Legal Officer and Corporate Secretary at ChargePoint Holdings, Inc. (NYSE:CHPT), recently sold 24,494 shares of the company’s common stock. The shares were sold at an average price of $0.6539 per share, totaling approximately $16,016. Following this transaction, Chavez retains ownership of 1,173,568 shares in the company. The sale comes amid challenging market conditions for CHPT, with the stock down about 61% over the past year and trading significantly below its Fair Value, according to InvestingPro analysis.

The sale was executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as mandated by ChargePoint’s equity incentive plans, and does not represent a discretionary trade by Chavez. With a market capitalization of $316 million and a current ratio of 1.93, InvestingPro data shows the company maintains adequate liquidity despite challenging market conditions. Discover more insights about CHPT and 1,400+ other stocks through comprehensive Pro Research Reports, available exclusively on InvestingPro.

In other recent news, ChargePoint Holdings Inc. reported its fourth-quarter fiscal year 2025 revenues, which slightly exceeded expectations, reaching $102 million against a consensus estimate of $101.6 million. The company’s gross margins improved to 28%, attributed to an increase in software subscription revenues. ChargePoint ended the quarter with $225 million in cash, up $5 million from the previous quarter. Analysts at Benchmark maintained a Buy rating with a $3.00 price target, expressing confidence in ChargePoint’s growth prospects and strategic positioning. Meanwhile, Stifel analysts maintained a Hold rating with a $2.00 price target, noting the company’s better-than-expected gross margins and improved adjusted EBITDA loss. ChargePoint has also expanded its network with the launch of five new ultra-fast charging locations in New York, in collaboration with the New York State Energy Research and Development Authority. These developments underscore ChargePoint’s ongoing efforts to enhance its charging infrastructure and align with state goals for pollution reduction.

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