On October 11, 2024, Henrik Gerdes, the Chief Accounting Officer of ChargePoint Holdings Inc (CHPT, Financial), executed a sale of 26,288 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 390,596 shares of ChargePoint Holdings Inc.
ChargePoint Holdings Inc operates in the electric vehicle (EV) charging industry, providing a comprehensive portfolio of charging systems across different charging speeds, including Level 2 and DC fast charging stations. The company's offerings cater to a wide range of sectors such as commercial, residential, and fleet vehicles.
Over the past year, Henrik Gerdes has sold a total of 102,044 shares and has not made any purchases of the stock. This recent transaction is part of a broader trend observed within the company, where there have been 22 insider sells and no insider buys over the same period.
Shares of ChargePoint Holdings Inc were priced at $1.32 on the day of the sale, bringing the company's market cap to approximately $569.685 million.
According to the GF Value, the intrinsic value of the stock is estimated at $7.49, which suggests that the stock is currently undervalued, with a price-to-GF-Value ratio of 0.18. This valuation indicates that the stock might be a Possible Value Trap, and potential investors should think twice before investing.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider activity and valuation analysis provide critical data points for investors monitoring ChargePoint Holdings Inc's stock performance and insider behaviors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
