ChargePoint executives sell thousands in company stock

ChargePoint executives sell thousands in company stock

ChargePoint Holdings, Inc. (NYSE: CHPT) recently saw several of its executives engaging in "sell to cover" transactions to meet tax withholding obligations related to the vesting of restricted stock units. CEO Wilmer Richard sold 27,722 shares at an average price of $1.3971, totaling over $38,730. Following this transaction, Richard still holds 2,331,740 shares. Similarly, Chief Commercial Officer Jagdeep Singh sold 9,389 shares at the same average price, resulting in over $13,117, while retaining 886,364 shares.

ChargePoint reported a non-GAAP adjusted EBITDA loss of $36 million for Q1 2025 and a 6.36% decrease in revenue over the past 12 months, indicating challenges within the competitive EV market. Despite these hurdles, the company remains committed to its strategic priorities and optimistic about the future of the EV market. ChargePoint's market capitalization stands at $601.8 million, with a negative P/E ratio of -1.21, reflecting investor concerns about profitability. The company forecasts its Q2 2025 revenue to be between $108 million and $118 million and aims to achieve positive EBITDA by the end of the year.

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