ChargePoint (CHPT) CFO Khetani sells $17,839 in stock

ChargePoint (NYSE:CHPT) Holdings Inc. NASDAQ:CHPT Chief Financial Officer Mansi Khetani sold 26,798 shares of common stock on June 23, 2025, according to a new SEC filing. The shares were sold at a price of $0.6657, for a total transaction value of $17,839. The transaction comes as the company’s stock has declined 48% over the past year, with the current market capitalization standing at $330.54 million. According to InvestingPro analysis, the stock appears undervalued at current levels.

Following the transaction, Khetani directly owns 2,702,180 shares of ChargePoint Holdings Inc.

The sale was to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as mandated by ChargePoint’s equity incentive plans.

In other recent news, ChargePoint Holdings Inc. reported its first-quarter fiscal year 2026 results, revealing a revenue of $98 million, which marked a 9% year-over-year decrease and fell short of market expectations. The company’s non-GAAP EBITDA loss was $22.8 million, also missing the anticipated figures. ChargePoint’s management provided guidance for the second quarter, projecting revenue between $90 million and $100 million, below Wall Street’s estimates of $108 million. Analysts from Goldman Sachs maintained a Sell rating on ChargePoint, citing concerns over slower electric vehicle growth and macroeconomic conditions that could delay the company’s target for positive adjusted EBITDA.

UBS also maintained a Neutral rating, highlighting a wider-than-expected adjusted EBITDA loss and revenue forecasts that fell short of expectations. The firm adjusted its future sales projections downward for fiscal years 2026 to 2028. Meanwhile, Oppenheimer analysts reiterated a Perform rating, noting ChargePoint’s strategic partnership with Eaton (NYSE:ETN), which could potentially drive future sales growth. This collaboration aims to introduce solutions for grid stability and rate arbitrage opportunities. Despite these strategic moves, analysts maintain a cautious stance, reflecting uncertainty about ChargePoint’s ability to improve its financial performance in the near term.

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